With Australia's property market now in decline, it's time to deal with the reality. Property developers and investors are seeking new opportunities in a more challenging market as the promise of the property boom wears thin and presales become next to impossible.
In a post-Hayne Report environment, major banks are still hamstrung by stringent credit controls – but they are also under pressure to replenish their loan book.
All these factors make way for non-bank lenders to increase their footprint in the debt capital market, and for new products to find creative solutions to the fundamental challenge: cost-effective, sustainable construction and asset finance.
For our second annual market survey, we heard from over 100 individuals from banks, non-banks, private lenders, family offices and super funds to get the current pulse of Australia's debt capital market for property assets – and their insights into the year ahead.
Their responses revealed five significant trends.