Yesterday at the Bloomberg Address in Sydney, Basis Point General Manager, CT Johnson, talked to Australian Federal Treasurer Scott Morrison about the increasing role of non-bank lending in the economy.
‘I call it competition,’ Mr Morrison said, poo-pooing concerns about the growth of private lending in the property sector by adding, “I don’t think at this stage there’s anything alarming in the trends that we’re seeing there. Nothing, nothing at all.”
The Treasurer’s exchange with CT came after Mr Morrison delivered his first major policy speech since the election, outlining the government’s economic priorities for the coming year. Those priorities include greater budget austerity, boosting productivity, and encouraging foreign trade and investment. The Treasurer spent a good deal of the speech emphasizing the importance of China trade relations and downplaying issues arising from the blocked Ausgrid and Kidman deals.
Mr Morrison’s comments also indicated that he sees no forthcoming changes from either APRA or the RBA, thereby prolonging the current lending conditions indefinitely.
At Basis Point, we see this as a clear indication that the demand for non-bank lending in Australia will continue to remain strong, and that the Australian government takes a benign view of the rise of alternative funding sources, viewing them as a catalyst for growth and competition in the wider economy.
Given this favourable market, the timing of Basis Point’s Non-Bank Lending Conference could not be better. We’ve already registered participants from some of Australia’s most active lenders, largest property developers, and savviest investors.
In addition, we’ve had unprecedented interest from overseas, particularly among Asian investors and real estate professionals. Seats are filling up fast, so register today.
We Are Now Seeking Projects To Finance!
Basis Point is also proud to announce that we have a pool of private lenders who are looking for projects to fund. These lenders have more than $500 million in capital to deploy across a range of deal types, including land banking, development funding, mezzanine funding and settlement pipeline funding.
Deals of all sizes, from $4 million to $200 million, will be considered.
If you have a property development project and would like to be connected with one or more of our non-bank lenders, email Basis Point General Manager CT Johnson at ctjohnson@basispoint.com.au
Aus-China Non-Bank Financing Conference, 22 Sept 2016 | Westin, Grand Ballroom, Sydney Click here
NSW Strata Law Change -opportunities for site acquisitions from the 75% majority rule, when fairness meets fortunes,28 Sept 2016, Sydney Click here