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 →
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 →
Brisbane is now in a sector of the property cycle which will test all involved in residential development. We have seen the failure of several builders. When such a failure... 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 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 →
