Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

No Easter Spirit on Offer from Banks

Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

No Easter Spirit on Offer from Banks

Article excerpt

THE Easter Bunny came early to the mailbox of a Fraser Coast resident. Instead of an Easter egg there was a letter from a bank. Unlike Christ, this gentleman is unlikely to resurrect his fortunes.

He is facing foreclosure and that news was not wrapped in coloured tinsel. His hopes are gone, as is a substantial slice of the money he has slaved to put into his dream.

Coming on the back of the news that an important player in the local development industry is about to fall over, the predicament facing the Fraser Coast touches big and small.

Sam Saffuri's development in Kawungan, being undertaken by his development arm Monopoly Constructions, was all but complete. Six houses and 10 land blocks are swept up in the turmoil.

This writer went and had a peek in the windows of the well-built dwellings last week before penning a story about the bank's toppling of the project.

From the outside, only the fittings inside were visibly absent. It is a travesty that he has been unhorsed. …

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