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 →
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 →
At GPS we have a culture of transparency and disclosure. If we make a mistake or do something embarrassing (such as watching an episode of The Bachelor – guilty!) we... 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 →
The announcement of easing COVID-19 restrictions saw an increase in loan applications at GPS. It is becoming apparent that the banks have further reduced their appetite for residential development lending. ... 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 →
The importance of continuity in our workflow is something GPS shares with builders. Not just builders, but all industry professionals; architects, town planners, quantity surveyors, project managers and marketers. We... read more →
Most non-bank lenders are flush with cash, due to fallen deposit rates and confidence issues in other investment segments. Only a few appear to be generally entering the residential construction... read more →
Following several conversations with builders it is clear that cashflows are suffering. GPS has commenced a program to strengthen our relationship with builders on GPS funded projects. It turns out... 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 →
