As Melbourne crawls out of its second COVID-19 lockdown and joins the rest of the nation in enjoying some of the liberties we used to take for granted, a strange phenomenon has been occurring in our banks.
5-minute read Non-banks drive surge in real estate funding
Steadily growing popularity Exploring mortgage funds
Predictable income in times of uncertainty Private mortgages offer
At a time when it appears nothing is certain, investing in mortgage funds allows control and transparency over investments, and yield with security.
The search for decent fixed income investments has been intensifying since the COVID crisis ushered in the lowest government bond yields in history.
Syndicates offering finance to developers are a boon to income-starved investors as long as they're aware of the risks.
Victorian premier Daniel Andrews has continued his push to fast-track construction across Melbourne, approving $1.2 billion worth of building and development projects.
The country's mortgage trust sector has so far sailed through the economic turmoil unscathed, with minimal arrears and bad debts.
Everyone loves a contrarian position, and I enjoy betting against conventional wisdom.
