PERE Credit – The structural case for Australian real estate private credit

In the latest issue of PERE Credit, Andrew Schwartz, our Group Managing Director and Co-Founder, makes the case that Australia’s real estate private credit market is being shaped by more than a cyclical lending gap. Demographic growth, chronic housing undersupply, bank retreat and an underdeveloped alternative lending market are creating a structural opportunity for private credit.

In this expert commentary, Andrew examines why experienced lenders with deep origination relationships, disciplined underwriting and local market knowledge are well placed to capitalise on Australia’s commercial real estate debt market.

This is a relationship-driven market, not a transactional one. Success depends on trust and reputation built up over many years with developers, borrowers and intermediaries.

PERE Credit 100 

PERE Credit released its inaugural PERE Credit 100, an annual ranking of the leading commercial real estate private credit managers globally.

Qualitas ranked #13 globally in the inaugural list, placing #3 in Asia-Pacific and #2 in Australia.

The PERE Credit 100 ranks managers by the amount of capital raised from external investors for real estate private credit strategies over a five-year period. This edition captures cumulative capital raised between 2021 and 2025, inclusive.