How Low can the AUD go?

How Low can the AUD go?

There has been continued downward-pressure on the AUD recently, this morning sitting below 68c on what has been a consistent downward trend for about 18 months (late January 2018 was ~81c). Below is the 5 years chart for the AUD/USD (Source: OFX), which...
Site Acquisition at 65% LVR

Site Acquisition at 65% LVR

Banks are even more increasingly uncomfortable with providing finance terms on site acquisitions that developers want or need – on large sites there’s next to no appetite, on smaller sites the LVR will often be capped at 50% at best, or pulled...
Bank funding $8.8m for 32 Townhouses with less than 25% Debt Cover

Bank funding $8.8m for 32 Townhouses with less than 25% Debt Cover

Being an expert ONLY in Development Finance can be like having the blinkers on, particularly if the Developer’s wider Group includes other income sources. In this case, with the developer wishing to only have minimal pre-sales prior to commencing, the...