IN this latest episode of Australian Property Journal's Talking Property, APJ’s Nelson Yap talks to David Oudshoorn, State Director NSW at MaxCap Group, on the NSW lending and development markets and the outlook.
- Bank vs non-bank lending, the non-bank sector is maturing, how has that changed financing senior debt, mezzanine and equity, and shaped the growth of MaxCap and its partner Apollo Global Asset Management?
- The outlook for residential construction in Sydney over the next 12 to 24 months, the strength of the building industry and what sets NSW apart from Victoria and Queensland following the collapses of Probuild (VIC) and Condev (QLD).
- The significant gap emerging between house prices and apartment prices, what needs to happen to attract developers back into the market?
- Population growth has slowed due to COVID, but supply remains constrained due to the NSW planning system.
- Interest rates and inflation, will rising construction costs put a strain on apartments?
- Build-To-Rent theoretically makes sense in Sydney more than anywhere else given lack of affordability, but it doesn’t stack, what is making BTR feasibilities difficult?
- Sydney’s commercial office sector is roaring back, although COVID accelerated workplace changes, office is not dead.
- Industrial shows no signs of slowing, how will the new Sydney airport impact the market over the next five years.
- What type of developments are developers looking at? Residential, office, retail, hotel, industrial? and where are developers considering opportunities?
