Commonwealth Bank: coal seam gas makes property 'unacceptable' as loan security

Exclusive: bank turns down owners’ application for $500,000 bridging loan on grounds that Queensland property has four coal seam gas wells on itAustralia’s biggest mortgage provider has declared a Queensland property with coal seam gas wells “unacceptable” as security for residential lending, raising fresh concerns that people living in the state’s gasfields may be unable to sell their homes.But Queensland Gas Company (QGC), which owns the wells on the Chinchilla ac