The booming private credit sector will play a crucial role in tackling the housing supply crisis, according to an industry survey showing nearly three-quarters of developers are turning to non-bank lenders for larger loans to kick-start projects.
The survey of 67 developers, investors, fund managers and brokers by lender Centuria Bass found 72 per cent of respondents were now sourcing loans from non-bank lenders.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
