In this week's investment webinar, Nucleus Wealth is joined by Stephen Mitchell, CEO of private capital lender Oak Capital and second-tier mortgage broker Resicom, to talk about the cracks starting to appear in the Australian property market.
With the Australian property market in major flux, we take an on-the-ground look at what’s happening within the broader lending market, affordability and the differences in small vs large developers.
Agenda:
- Pressures ramping up on borrowers in second tier lending market
- Tax office collection activity, including director penalty notices
- Rise of incomplete property scenarios
- Liquidity in market encouraging less sophisticated lenders to take large risk whilst chasing a race to the bottom on rates
- General view as to why Oak doesn’t engage in true development lending, and some of the scenarios they are seeing
- Investment implications
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
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Sam Kerr is a Senior Financial Advisor at Nucleus Wealth.
Samuel has a Master of Financial Planning and a Bachelors degree in Psychology. He has worked in Financial Services since 2017 as a Financial Adviser and Mortgage Broker. Sam is a dynamic individual and has a real passion for investing and compound interest. He prides himself on his professionalism and ethical conduct, always striving for the best outcomes for his clients. He really enjoys helping people achieve their goals and loves the investment journey.
