There has been more than enough analysis of the federal election result. You don’t need even more from me.
At GPS we slowed down our loan pipeline due to the uncertainty of mooted policies being enacted. Policies which would have further constrained the property industry.
Our main concern was that sales rates would further push out, which would put more pressure on loan terms. This would then decrease our velocity of lending.
While it is still early days, there are positive signs of a renewal of confidence. GPS has now increased our lending budget. We are open for business, with money to lend.
Our preference remains for residential development projects in South East Queensland with loan sizes between $3 million and $8 million.