The Rise of Non-Bank Lenders in Australia's Mortgage Market

June 27, 2024 by
Credit Connect Group, CCG


We are thrilled to announce CCG has written over $82 Million in First Mortgage Loans in June 2024 alone, which are summarised as follows: 

Loan Amount

Loan Type

Location

LVR

$342,000

Vacant Land

Warwick

60%

$11,500,000

Construction

Muswellbrook

65%

$12,675,000

Vacant Land

Box Hill

65%

$41,950,000

Residual Stock

Box Hill

69%

$6,850,000

Vacant Land

Springfield Lakes

41%

$560,000

Residential

West Gosford

70%

$8,872,500

Vacant Land

Fernvale

65%

$82,749,500

TOTAL




Non-Bank Lending Update

As the 2024 financial year draws to a close, we have been closely monitoring the significant changes in Australia’s financial landscape in the non-bank lending sector. A recent article by Stockhead highlighted the crucial role non-bank lenders, such as CCG, are playing in shaping the future of finance.

It’s fascinating to observe how Australian non-bank lenders continue to rapidly gain traction in the credit market, now representing about 5% of the financial system assets, according to the Reserve Bank of Australia. This growing influence is largely due to our ability to offer faster approval times and flexible, personalised lending terms. These advantages are particularly appealing to borrowers who may not meet the strict criteria set by traditional banks or those in need of specialised finance.

 Benefits of borrowing from a non-bank lender, such as CCG, include:

  • Secure funding: Access finance not available via traditional banks
  • Trusted: We have 25+ years of experience as a specialist non-bank lender.
  • Faster Approval Times: We move quickly so you can act fast.
  • No hidden fees: No line fees and no unexpected costs.
  • Flexible Lending Terms: Adaptable terms, personalised to your needs.

I strongly believe non-bank lenders will continue to play a pivotal role in shaping the future of finance in Australia. As you can see, our innovative approach and customer-centric services are set to redefine the lending landscape, offering new opportunities for borrowers and contributing to the overall resilience of the Australian financial system.

If you have a scenario you are having trouble settling via your usual financial sources, speak to one of our BDMs on 1300 795 507 or email [email protected].


DISCLAIMER: The information provided in this article has been prepared by Credit Connect Group (CCG) for general education purposes only and is not intended to constitute specialist or personal advice. While every care has been taken regarding its accuracy no warranty is given or implied. The information contained herein does not constitute financial product advice and or an offer to invest. Investment can only be made by Sophisticated/wholesale investors as defined under the Corporations Act. Past results are not a guarantee of future performance. Investment into mortgages carries risk. We recommend that any investor obtain financial, legal, and taxation advice before making any investment with CCG. Copyright © Credit Connect Group. All rights reserved.

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