News

‘Unprecedented’ has been arguably overused in 2020 but it’s difficult not to use it in a year when our economy has been impacted by a global crisis, the likes of which we’ve never seen before.

Last week marked the beginning of the Federal Government’s consultation period on proposed Consumer Credit reforms.

The NSW Department of Planning, Industry and Environment has released an Explanation for Intended Effect on a new Housing Diversity State Environmental Planning Policy.

When the Federal Government announced the HomeBuilder grant, there was no way of foreseeing the extent to which a second wave of COVID 19 infections would affect the ability to take up the grant.

Since our last portfolio update in April, we have continued to work closely with borrowers to ensure we understand the impact of the current economic situation on their loan performance.

The term “property market” tends to be used as a catch all for what is an extremely diversified segment. Variables include geography, sub asset class, size and price range.

TierONE Capital is an active participant in the non-bank lending sector which has experienced significant growth in the past 5 years.

Following on from our previous update in April 2020 regarding our existing portfolio and credit appetite for new loan opportunities, we are providing the following update and residential property market research.

Given the potential impact of the current economic situation on the property market, we have undertaken a detailed review of our current loans to ensure that their performance is not likely to be affected.