Given everything that has occurred in the industry recently, it seemed like an appropriate time to review the strategic plan of GPS. While a lot was considered, the Board of... read more →
Rather than apply an arbitrary percentage, GPS Development Finance (GPS) has always been more in tune with developers, and the market conditions when it comes to pre-sales. We can do... 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 →
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 →
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 →
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 →
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 →
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 →