New Zealand, like Australia, has grown their population through migration with the objective to adding to economic prosperity. In New Zealand’s case, this population growth has put increased pressure on infrastructure which has struggled to keep up.
Australia is an attractive market for foreign investors, particularly when in comes to owning property including land. However, with escalating property prices in Sydney and Melbourne, the Australian and State Governments have made it more restrictive for foreign residents to purchase residential property in Australia.
Drying up of bank lending for overseas investors has seen the market respond with the development of innovative financing solutions.
The BasisPoint inaugural conference on non-bank financing will establish an industry-wide network to discuss the financing problems faced by developers, property marketers and agents in managing settlement pipelines.