In early 2016 GPS took a conservative approach and slowed down lending while we digested all the speculation of an apartment oversupply in Brisbane. This caused me to note that later in 2016 (now) GPS may have to return some moneys to investors. This is all part of the GPS culture that we would sooner not take investors’ money, than not give it back.
Loan pipeline has been very strong which has enabled GPS to move away from potential apartment oversupply areas. This ever careful attention to our funding cashflow and some residual stock facilities has allowed GPS to deal with the over funding issue, and to now be able to accept new investments.
If you have some additional funds for investment (maturing term deposits?) then please give the GPS team a call. We now have quite a few new offerings available for investment.