I have never seen the difference in the bank and GPS borrower rates so small. GPS, and other private lenders, have a perceived higher cost of funding but with the... read more →
In Queensland’s construction industry, presales have historically been the go-to means for securing development financing. Traditionally, presales offer lenders a form of financial protection, affirming market acceptance for the product... read more →
The recent discourse I’ve read surrounding residential development in South East Queensland (mainly through the media and competitor newsletters) paints a rather bleak picture, to be frank. However, time and... read more →
In recent years, residential unit builders in Queensland have faced significant challenges. The sudden hit of Covid brought work restrictions and disruptions, worsened by shortages of available materials and contractors,... read more →
The 2023 year has started so, so have we. Our full lending team has been back in the office since Jan 3rd working with borrowers to keep projects moving, preparing... 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 →
2022 isn’t looking like being all sunshine and lollipops for builders. Last year builders were battered by escalating prices for building supplies and subcontractors. From our point of view this... read more →
While still a bit fuzzy due to the interference of COVID, 2022 is looking like a solid year for GPS Development Finance Pty Ltd (GPS). In the last few months... read more →
There has recently been a spate of builder collapses. Builder failure risk has moved up the priority list for most lenders. Part of the review by GPS involved inviting some... read more →
It has been a long time since I said these words to GPS borrowers – “hold off on the marketing”. The last couple of years have seen some trying conditions... read more →
