IDA was featured in Green Street News Australia discussing our first partnership with Resi Ventures on a major residential development in Diggers Rest.

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“Resi Ventures’ ability to deliver a product aligned to genuine buyer demand, the strength of the development location, and their proven capability as an experienced greenfield developer with a well-defined, executable strategy. Watsons Reach is also one of the first projects to be activated in the Sunbury South PSP which further reinforced our view.”

“Private credit plays a critical role in unlocking and accelerating development. It provides the certainty of capital required to bring forward viable projects earlier in the cycle, helping mitigate delay risk and the impact of cost escalation, while supporting stronger overall project returns.

It also offers greater flexibility in how funding is structured. Non-bank lenders can take a more tailored view, delivering financing solutions aligned to the specific needs of each project, including at higher leverage where appropriate. This can materially improve feasibility through lower peak equity requirements and more efficient capital deployment.

Equally important is the more collaborative approach it enables. Close engagement between lender and developer allows funding structures to respond to delivery realities, supporting smoother execution and positioning projects to respond effectively to underlying market demand.

In this instance, IDA was able to work collaboratively with Resi Ventures to navigate a bespoke development and ownership structure.”

“Ultimately, the key risk in development is delivery. Ensuring a developer has the experience, discipline, and capability to execute is critical. In this case, we are backing a highly capable sponsor, with Resi Ventures also assembling a strong suite of high-quality delivery partners.”

– Jeremy Townend
National Head – IDA Property Finance
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Link to the article: IDA backs Resi Ventures development in Melbourne