Mortgage And Home Loan Brokers Brisbane
  • Home
  • Home Loans
    • First Home Buyers >
      • Top 6 Mistakes First Home Buyers Make
    • Refinancing Home Loans
    • Construction Loans
  • Customer Reviews
  • Apply Online
  • Personal Loans And Car Loans
  • Mortgage Calculator
  • Why Use Us
    • Press Coverage
  • About
    • Awards And Accreditations
    • Privacy Policy
  • Brisbane Home Insurance
  • Loan Protection
  • Contact
  • Home Loan and Property Blog

over supply of brisbane units

6/16/2018

0 Comments

 
Lendlease says Brisbane's unit oversupply will peak this year and is bracing for rising defaults on settlements in the short-term as buyers fail to complete purchases. 
The developer, Australia's best-performing real estate company over the past year, also said in an investor presentation on Friday the royal commission had driven a tighter lending environment but it was too early to estimate the effect on its residential portfolio.
Lendlease shares closed up 39¢, or 2.1 per cent at $19.29 on Friday after Kylie Rampa, the company's Property Australia division head, said the profit margin for outstanding settlements was covered by provisioning carried out in the company's first-half results and that she expected Brisbane's market to strengthen in the medium term. 
The stock has gained 16 per cent over the past 12 months, more than any other company on the 23-member S&P/ASX 200 Real Estate Index
0 Comments



Leave a Reply.

    Author

    Brisbane Loan and Mortgage Brokers are a multi award winning Mortgage Brokerage firm working to get their customers a better deal on Home Loans

    Archives

    April 2020
    February 2020
    July 2019
    May 2019
    April 2019
    November 2018
    June 2018

    Categories

    All

    RSS Feed

Brisbane Home Loans

Hours

M-F: 8am - 8pm

Telephone

MOBILE
​0413 713 534
07 3532 4024. 

Address

Level 3/240 Queen Street,
​Brisbane
  • Home
  • Home Loans
    • First Home Buyers >
      • Top 6 Mistakes First Home Buyers Make
    • Refinancing Home Loans
    • Construction Loans
  • Customer Reviews
  • Apply Online
  • Personal Loans And Car Loans
  • Mortgage Calculator
  • Why Use Us
    • Press Coverage
  • About
    • Awards And Accreditations
    • Privacy Policy
  • Brisbane Home Insurance
  • Loan Protection
  • Contact
  • Home Loan and Property Blog