This year GPS continued to stick to our knitting, with our focus being on prudential lending and looking after the best interests of our investors and borrowers.
Our hands on and proactive approach has enabled us to deal with the inevitable issues which arose, in a timely and efficient manner.
I am very buoyant about 2019. While I see the development market slowing in South East Queensland, our competition, particularly from the banks, has slowed down even more, enabling GPS to continue to drive quality over quantity.
I believe this will be demonstrated with the next round of loans which have either recently, or will soon be, settled.
The South East Queensland market has changed. No market ever remains the same. It has not seen the price growth of southern capitals and remains well placed for price growth in most areas.
In 2019, you will see more townhouse and owner occupied unit developments. We will continue to look at some areas of the Gold and Sunshine coasts, as I believe those areas have not been oversupplied.
It has been another successful year for GPS. We thank you for your ongoing support which is truly appreciated.