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Mortgage Business
Support offered to borrowers impacted by Cyclone Niran By Reporter 08 March 2021
The Queensland government and lenders have begun offering financial assistance to those affected by Cyclone Niran in Queensland.
Thousands of people were left without power in northern Queensland, and hundreds of properties and agricultural crops were damaged after a major storm system, Cyclone Niran, caused gale-force winds, flash flooding and heavy rain last week.
The Queensland state government has now announced that individual property owners who have suffered “significant loss” because of the cyclone can apply immediately for an Individual Disaster Stricken Property (IDSP) declaration, which makes immediate assistance available to them.