Mortgage Brokers to help Blue Ribbon Downs Race Track
Various mortgage brokers have been contacted by Blue Ribbon Downs Race Track to talk about the damage that has
been done by the Queensland floods.
The race track has been greatly affected by the significant flooding that had happened during late December 2010 until early January 2011. Three quarters of the state of Queensland had been declared a disaster zone. A lot of people have died, thousands of families had been evacuated and a huge number of houses and establishments had been destroyed.
The flooding made a very huge economic impact. Initially, the damage was estimated at around A$ 1 billion, but in an interview, Queensland treasurer Andrew Fraser had said that “it was possible to put a figure on the damage”. The heavy toll of the flood will be felt by the Australian economy, costing them around A$10 billion in losses.
The government has released some figures at the latter part of January this year, with data that the Insurance Council of Australia has calculated that 38, 460 individual claims were lodged with insurers that were worth A$ 1.51 billion.
The clean-up and recovery work have been initiated, as well as support for everyone who has been affecting by the immense flooding. The Blue Ribbon Downs Race Tracks has been one of those that have been severely affected, that is why they have started to talk to various mortgage brokers to help them out in refinancing the establishment.
In a statement released by the said race track’s management: “Blue Ribbon Downs Race Tracks has been in talks with various mortgage brokers to help us with our current situation. It has been obvious that our establishment had been greatly affected by the recent Queensland flood and we needed help in refinancing. We are hoping for the best results.”
Some mortgage brokers have already aired their support to all those who have been affected, saying that they are trying their best to provide their customers with hardship assistance.
