Australia’s chronic housing shortage is drawing the attention of global investors, with non-bank lender Qualitas securing $1.45b in new mandates in the past week alone.
Qualitas says Australia’s next housing cycle is starting, with residential projects accounting for about 90 per cent of the $1.4 billion in investments the non-bank lender has earmarked for investment in the first seven weeks of the current financial year alone.
Surging construction costs that dogged existing projects and investment decisions had moderated and developers were more comfortable about signing contracts with builders, he said. “They buy land and get a planning permit, but the next thing is to get a construction cost and lock it down,” he said. “Then they come to someone like us for finance, then get presales. Banks need presales and a lot of presales.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NAB’s new hybrid races to the finishing line with $1.45b in bidsNational Australia Bank’s latest hybrid issuance had gathered $1.45 billion in bids by 8am Tuesday morning.
Read more »
How four giant teddy bears are helping start a difficult conversationA new dance theatre work for three performers and four giant teddy bears, idk by Force Majeure, dives into difficult conversations about navigating boundaries.
Read more »
Start-ups defend valuations as they raise millions from crowdfundingAn eclectic mix of firms including a flying carmaker, cannabis grower and biodegradable bag manufacturer have raised tens of millions via crowdfunding this year.
Read more »
The ‘brain drink’ start-up ready to emerge from ‘stealth mode’Arepa is a performance drink that purportedly improves cognition. The product’s New Zealand co-founders reckon they’ve cracked the magic formula.
Read more »
Plant-based meat on the turn as start-ups struggle for customers, fundingPlant-based meat start-ups are struggling to raise fresh funding as the excitement following the US-based Beyond Meat listing drastically cools.
Read more »
How four giant teddy bears are helping start a difficult conversationA new dance theatre work for three performers and four giant teddy bears, idk by Force Majeure, dives into difficult conversations about navigating boundaries.
Read more »