AB Social: An off-the-plan crisis?

by AB24 Oct 2015
Following on from our social media discussions around the unintended consequences of APRA’s crackdown on investment lending, Australian Broker posed a question in our exclusive LinkedIn group about off-the-plan developments: is off-the-plan lending high risk?

This debate came after Australian Broker published a report about non-bank lender Firstmac pulling out of lending to “vertically integrated” development and marketing schemes, claiming that it is too high risk, particularly when it comes to off-the-plan developments.

We want to know your experiences with lending for off-the-plan developments and whether you think it could leave the borrower and the lender exposed.