Investors and developers face mini credit crunch

Commercial property investors and developers can expect a mini credit crunch from Australian banks this year as the rising cost of funds and new regulations start to bite. Intermediaries between banks and investors, as well as several non bank lenders, are already seeing conditions tighten despite the latest data form the Australian Prudential Regulation Authority showing banks increased their commercial propertyexposures by $5.46 Billion in the December quarter to a record $244 billion.

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