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  • t over 50 per cent of their money back.Receiver Tony McGrath of McGrathNicol, told 600 people at Kyabram that Banksia's failure can be partly attributed to a downturn in property prices.The style of lending that Banksia did was to lend funds to borrowers who were investing in property.Property is a sector he is been badly hit by the GFC and even more so in country areas like country Victoria,
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