Cracks Appearing in the Foundations of the Australian Property Market | Nucleus Investment Insights
by
Samuel Kerr
November 17, 2022
In this week's investment webinar, Nucleus Wealth is joined by Stephen Mitchell, CEO of private capital lender Oak Capital and second-tier mortgage broker Resicom, to talk about the cracks starting to appear in the Australian property market.
With the Australian property market in major flux, we take an on-the-ground look at what’s happening within the broader lending market, affordability and the differences in small vs large developers.
Agenda:
- Pressures ramping up on borrowers in second tier lending market
- Tax office collection activity, including director penalty notices
- Rise of incomplete property scenarios
- Liquidity in market encouraging less sophisticated lenders to take large risk whilst chasing a race to the bottom on rates
- General view as to why Oak doesn’t engage in true development lending, and some of the scenarios they are seeing
- Investment implications
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
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Sam Kerr is a Senior Financial Advisor at Nucleus Wealth.
