When it comes to lenders and interest rates – it is important to consider where the money is coming from and what factors work for or against the rates that... read more →
I have always taken pride in the ability of GPS to quickly adapt to changed market conditions, provide commercial outcomes and to treat borrowers as clients. COVID-19 related issues in... read more →
We are amid a perfect storm which has seen the collapse of some big-name builders. History has taught me that there is more to come. I lived through the GFC... read more →
Marketers are very keen to source GPS type product to sell due to the difficulties in achieving unconditional presale contracts on yet-to-be commenced projects. Times are good, and so accordingly,... read more →
In April I issued a letter of offer for a project (Project A). I was informed that I was too expensive and they would pursue bank finance. In May one... read more →
While good and knowledgeable service will help you win business, you still need to have a competitive product. Remaining consistently competitive has kept GPS in business for over 27 years,... read more →
Borrower fixation on headline interest rates for loan offers has always been a concern to me. In recent times it appears to be getting worse, not better. What should really... read more →
The lending market has seen an influx of new entrants promising low interest rates and fees. This is where I sit back and say, “Here we go again”. While I... read more →
I have always questioned why pre-construction pre-sales are claimed to be the holy grail for good residential development lending. I expect it has more to do with being an easily... read more →
I continue to see too many instances where funding for a project dries up mid construction. It is not the first time I’ve seen this. When APRA went through the... read more →
