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Prognostications of doom have not come to pass in the Australian housing market – at least not so far. Economists are keeping a close eye on housing outperformance especially as some support measurers and loan deferrals roll off.
Prognostications of doom have not come to pass in the Australian housing market – at least not so far. Economists are keeping a close eye on housing outperformance especially as some support measurers and loan deferrals roll off.
pdf Click here (149 KB) to view exclusive information from the KangaNews database covering capital-markets transactions issued by nonbank lenders featured in the KangaNews Nonbank Yearbook.
Key data and information on 16 nonbank lenders active in Australia and New Zealand including programme information, funding strategy, debt data and issuer insights.
Australian banks have thrown down the gauntlet in the mortgage space but Athena is taking up the challenge. The company’s Sydney-based cofounder and chief operating officer, Michael Starkey, tells KangaNews how its unique value proposition will allow it to succeed on the banks’ home turf of prime mortgage origination despite a revved-up competitive environment.
New Zealand nonbanks have largely had to go it alone in the COVID-19 era, at least in the sense of not enjoying the same type of government support afforded their Australian peers. Even so, Paul Jamieson, group treasurer at Avanti Finance in Auckland, says the lender has managed well and maintains a positive outlook on funding and lending.
In September, Brighte mandated Australia’s first-ever all-green securitisation. John Rohl, the company’s Sydney-based head of corporate development, discusses its funding journey so far and how it is faring in a challenging economic environment.
Firstmac has been forthright about disclosing detailed COVID-19 hardship data on its loan book. James Austin, Firstmac’s Brisbane-based chief financial officer, says the transparency has been well received by investors during a time of uncertainty.
COVID-19 has significantly altered consumers’ spending behaviour. Eva Zileli, treasurer at Latitude Financial Services in Melbourne, speaks to KangaNews about the challenges the pandemic presents and how the lender is staying ahead of its competitors.
Liberty Financial has historically been one of Australia’s most active nonbank securitisation issuers across multiple asset classes. Peter Riedel, Melbourne-based chief financial officer at Liberty, explains how the company has maintained market access amid difficult conditions in 2020.
Pepper believes its diverse product offering and global reach put it in the best position to navigate the challenging waters of 2020. Andrew Twyford, Pepper’s Melbourne-based treasurer, explains how.
Prime Capital is an experienced nonbank lender specialising in originating mortgages to SME clients. Paul Scanlon, the firm’s Sydney-based chief executive, discusses the approach it takes to lending, funding and business management – including how it has adapted to the unique circumstances of 2020.