Australia’s property market is picking up momentum with developers looking to break ground on projects and take advantage of the upswing.
These projects are supported by eager investors who have pushed the country’s residential and commercial property market to more than $8 trillion, according to Corelogic data.
Construction conditions are also on the up in all mainland states after construction activity fell to the lowest levels recorded in history earlier this year.
This has led to a historical jump for borrowing with non-bank lenders supporting many boutique and large-scale developments across the country.
Trilogy head of lending Clinton Arentz said exceptional management during the pandemic has enabled the property industry to begin recovering.
“The state of the property market is positive, despite market disruption,” Arentz said.
“The market is rebounding relatively well, and Trilogy is geared for that with a heavy focus on quality new loans.
“From 1 July to 31 October we settled 13 loans across Victoria, Queensland and NSW.”
For over 20 years, Trilogy’s managed funds and private investors have enabled the successful completion of hundreds of development projects across Australia’s eastern seaboard .
“The property market is diverse and has shown resilience, meaning property developers have the right environment to continue delivering projects on time and within budget,” Arentz said.
“Trilogy has continued to proactively manage and grow the Trilogy Monthly Income Trust loan portfolio despite market disruption, displaying our flexibility and industry experience as a non-bank lender.”
As one of Australia’s leading non-bank lenders Trilogy provides finance solutions to the residential, commercial, industrial and retail property sectors.
Trilogy lends to projects between $3 million to $25 million. Borrowers can expect timely responses, tailored project support, competitive pricing and critical loan book diversification .
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