Melbourne Housing Prices Keep Rising

June 22nd, 2020

Known as the city of cutting-edge architecture, spacious parks and gardens and a prime spot for water activities, Melbourne is also pegged as Australia’s hottest property hotspot.

Melbourne’s property market is expected to perform better than most locations in Australia this year as the asking price of houses in the city reached its highest pick. The latest weekly SQM Research data reveals that the median asking price in the city exceeds 1 million for the first time. This continuous decline of more affordable houses is an opportunity for property developers to build residential properties that will cater to a huge number of potential renters.

Across the city –developers have huge opportunities to build investment units, residences, and commercial spaces for the locals and foreign investors. However, as the lending policies tighten across the country, it’s still frustrating to witness small and largerdevelopers fall into the lending traps that consequently take huge cuts to their revenues. Since banks are declining many property development loans and commercial mortgages, many investors are prone to predatory lending practices by loan sharks offering quick loan approval. Anyone that falls into this trap either didn’t do enough research about the lending market in Australia, or doesn’t have the access to reputable financing advisers to help them navigate the strict lending market.

Windsor Capital understands how development works and how to increase a developer’s borrowing power in the midst of a tough lending environment. We provide solid advice and assistance to get the right financing for your project.