Cuts to term deposit rates, coupled with expectations the interest cycle has peaked, are already sending private investors looking to higher-yield opportunities such as real estate credit investments, according to Centuria Capital joint chief executive John McBain.

Centuria’s investment platform takes in about 14,000 investors in Australia and New Zealand for its unlisted vehicles, ranging from property syndicates and funds to mortgage funds through its Centuria Bass Credit business. It runs listed property trusts in Australia.