Lending lessons from previous downturns
The word ‘unprecedented’ has often been used to describe the events of the past 10 months. But despite its shock arrival and devastating effects, the COVID-19 pandemic is not the first major economic crisis to significantly impact the Australian property market and it won’t be the last.
Significant development will still occur post-COVID, the challenge is to find the most profitable projects. Photo: Shutterstock (Image source: Shutterstock.com)
The word ‘unprecedented’ has often been used to describe the events of the past 10 months.
But despite its shock arrival and devastating effects, the COVID-19 pandemic is not the first major economic crisis to significantly impact the Australian property market and it won’t be the last.
Although the current global recession is certainly the worst I have seen in my lifetime, we are somewhat lucky as an island nation that we have weathered the v…
