As we enter 2019 there is quite a bit of political and market uncertainty.
A federal election, handing down of the report from the royal commission, price corrections in the Sydney and Melbourne property markets, to name but a few contributing factors.
In this, our 25th year of GPS, we have seen eight federal elections (and eight Prime Ministers!).
We have learnt that the best course of action is to stay calm, keep our heads down, focus on loan selection and management and wait for it to blow over.
I believe 2019 will be another good year for GPS and its investors.
The south east Queensland property market has not seen the rapid price growth of the southern capitals and continues to plod along without the need for a correction.
Banks don’t look like returning to our market anytime soon, which means the reduced competition for our loan product will continue to be greater than the market slow down.
We have an exceptionally strong loan pipeline, a performing loan book and a good team.
Loan product will be tweaked to reflect the current market conditions, with a preference for townhouse and owner-occupier unit developments.
Without further ado, lets get on with it.