Australia’s real estate debt capital markets entered 2026 in a state of cautious recalibration. After a year in which banks forcefully returned to the construction lending arena and margins compressed, the market is finding a new equilibrium – one shaped by increased regulatory scrutiny and the rapid uptake of artificial intelligence across lending operations.
This year’s Survey has revealed the following trends:
- The Middle East conflict reshaping risk appetite
- The great margin reset
- Banks surge into construction as ASIC casts a regulatory shadow
- AI hits the mainstream in commercial property lending
Read the the full analysis on lender appetite, approach to risk, presales and ICRs in this year’s Debt Capital Markets Survey report here.
