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 →
The finance broker landscape is changing. It appears to be driven by the surge of new entrants into the residential development lending market. GPS has been asked to participate in... read more →
New Project Starts The general feedback I am receiving is that there will be a slowdown in new project starts for 2021. While this is good for price growth, it... read more →
We are starting to see glimpses of the light at the end of COVID-19 for property development. Chances of a complete shutdown of the building industry appear to be remote.... read more →