TMM - News
New build financing gap boosts Southern Cross

Wednesday 6th of June 2018
The lender says it experienced a 10-20% increase in investor demand last year amid a lack of available funding for the construction and sale of new homes.
Southern Cross CEO Luke Jackson says would-be buyers of new homes, often first-time buyers, struggle to secure financing as banks will only lend against completed properties. The lender says builders are reluctant to begin projects wit...
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