GPS has an exciting list of projects coming up for settlement in early 2021, including a unit development in a sought after location in Moffat Beach (pictured).
In 2021 GPS will continue to focus on owner-occupier product. This includes a range of product aimed at buyers from entry level to downsizers. Many of these projects have larger floor areas and include amenities such as study areas.
Our last newsletter looked at the increased migration to Queensland driven by remote working and lifestyle changes. Further to this, we have observed an increase in interest in the Gold Coast and Sunshine Coast areas. In response, GPS is looking at a few projects in these areas, including Moffat Beach and Palm Beach.
You may have noticed a gradual increase in loan sizes for the GPS product. This is due to density changes (the old 10 pack development is now 14-20 pack) and inflation.
We are always on the hunt for quality new borrowers. Ideally to become the next repeat GPS borrower. As part of this we are starting to move away from smaller, opportunistic borrowers to more sophisticated developers. This also results in larger loan sizes.
As always, we also have a few projects from repeat borrowers coming up, as well as the second stages of projects in Helensvale and Southport. We look forward to offering these loans for investment in 2021.