At the beginning of 2022, I posed the following question to an audience of sophisticated self-directed investors:
Is Private Credit the new megatrend in Australia?
It is important to remember these were carefree times when the official cash rate was at a historic low of 0.10%, and terms such as ‘cost of living pressure’, ‘mortgage stress’, ‘inflation’ and ‘recession’ were not part of our vernacular.
I learnt a few lessons that day: