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Gold Coast gets gloomy first "It's harder to borrow $5m today than it was to borrow $100m last year."Jim Raptis

In tough times, buyers of property and items such as luxury boats dry up and many feel the pinch.

Long renowned as a "sunny place for shady people", the Gold Coast has been getting shadier. Twenty of its leading companies are in the hands of receivers, liquidators or administrators.

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    Original URL: https://www.afr.com/companies/infrastructure/gold-coast-gets-gloomy-first-its-harder-to-borrow-5m-today-than-it-was-to-borrow-100m-last-year-jim-raptis-20081108-j8e57