Lenders have been steadily reducing the pre-sale requirements imposed on residential developments as they compete for opportunities in the coming housing boom, according Stamford Capital’s latest survey of the sector.
While the major banks have been relatively wary of providing construction finance in the past few years, 46 per cent of respondents expect them to increase commercial real estate construction loan activity this year, according to the Stamford survey.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com