Sep 07 2023 | Investment
2023 Financial Year In Review
FY2023 Overview
Continued interest rate hikes, stubborn inflation, and a tightening global credit supply have taken the main stage this financial year. Whilst our Ray White Data is showing a healthy market for residential volumes and values across our markets of exposure, interest rate rises over the last year are now beginning to impact mark-to-market valuations across commercial assets and sectors.
The reduction in liquidity in the banking sector has presented us with a range of opportunities, despite these challenging conditions. Providing tailored solutions to meet the demand of our development partners has enabled us to continue to deliver a diverse and valuable portfolio of investment opportunities for our investors.
Completed & Realised Transactions
Number Of Completed & Realised Transactions
15
TOTAL VALUE OF COMPLETED & REALISED TRANSACTIONS
$431m
WEIGHTED AVERAGE REALISED TRANSACTION IRR
21.5%
Strategic Focus
Ongoing challenges in the construction industry will ensure we remain extremely close to the detail in relation to our investments that carry construction risk. Open, fully informed and collaborative communication between builders, development partners and ourselves is vital in this environment. We will also proactively look for repayments on our debt book to enable the recycling of capital into our strong investment pipeline, providing stronger returns. We will also look to be opportunistic should there be continued valuation pressure in the commercial and retail sectors, resulting in buying opportunities.