Non-bank lending markets grew rapidly in Australia back in 2015-16 and the early signs in 2019 show a borrower demand for Non Bank Lenders (NBL) who are concurrently demonstrating a healthy appetite to lend, including White & Partners.
The headlines tell a calamitous story. “Australia's $133 billion property price slide rapidly becoming the worst in modern history,” the ABC wrote. “Aussie property prices endure 17th straight month of falls,” Nine reported. “...Auction clearance rates remain depressed,” The Australian printed recently.
In the last financial year, 98,000 apartments were completed across the country with 65,000 in NSW alone. Many projects are coming to fruition in the nation’s largest city this year. The question is: will Sydney’s off-the-plan market suffer a similar fate to Brisbane?
In December 2017, White & Partners settled over $80 million in first mortgage land and construction loans across four projects in Sydney.