Category: News & Insights

Australia’s SMSF sector has always had a deep affinity with property. Today, SMSF investors have approximately $139 billion invested in the property market, accounting for ~13 percent of total SMSF assets. Yet, with property prices at record highs and traditional income assets under pressure, SMSF trustees are increasingly looking beyond direct ownership to access the strength of Australian real estate. For many, the answer lies in real estate private credit – a segment once seen as niche, now emerging as a critical source of income, diversification, and stability for SMSF portfolios.

CEO & Co-Founder, Alan Greenstein, reflects on 2025: I am enormously proud of how we have continued to build on the achievements of previous years, adding even more noteworthy accomplishments in 2025. I look forward to the opportunities ahead in 2026 and beyond, and to your continued support of, trust in, and contribution to our business.

Specialist real estate private credit investment manager, Zagga, has secured $65 million through an oversubscribed corporate note arranged by fixed income specialist, FIIG Securities.

The four-year, senior secured note closed 30 per cent over its target figure of $50 million, offering investors access to a quality fixed income investment with a current yield of ~7.85% per annum (Bank Bill Swap Rate (BBSW) + 4.20%).

At an exclusive investor luncheon co-hosted by Zagga and JAR Wealth Management Singapore, guests gathered to explore the intersection of global portfolio positioning, macroeconomic outlook, and the growing opportunity in Australian private credit.

Real estate private credit can play defence in portfolios amidst heightened market volatility.

As real estate private credit dominates headlines, it is easy to believe it’s a new, speculative asset class that has just burst onto the scenes. In reality, it’s a globally proven, established asset class with decades of demonstrated success in building more defensive portfolios. In Australia, we are yet to fully realise the scale of this opportunity. By being proactive about risk management, exercising caution amidst uncertainty, and carefully balancing risk and returns, investors can take a risk-off approach to exploring an allocation to real estate private credit and help to unlock its full potential.

As we look ahead, Zagga remains focussed on maintaining disciplined credit standards, protecting investor outcomes, and identifying opportunities that continue to deliver reliable income returns with capital preservation at it’s core. We thank our investors for their continued confidence and support.

As the private credit asset class continues to expand, the role of environmental, social, and governance (ESG) considerations has become central to how investment managers assess risk, manage portfolios, and deliver long-term value.

In a recent interview, Zagga Executive Director, Frank Hageali shared how the firm is integrating ESG into its credit risk process and what this means for investors, developers, and communities.

The story is not just about growth—it’s about what private credit represents, both for investors and for the communities who ultimately rely on the projects it funds.
The rise of private credit in Australia didn’t happen by accident. Regulatory changes curtailed the lending appetite of traditional banks, leaving developers and businesses searching for alternative sources of finance. Into that space stepped specialist managers like Zagga, focused on commercial real estate credit.

Consistent, steady, predictable returns, along with the magic of compounding, are what protect, preserve, and build capital. When it comes to investing for long-term wealth, it pays to be boring. While equity markets rise and fall, real estate private credit has delivered steady, uncorrelated returns.

While this may seem boring to some investors, for us, that very consistency is what makes real estate private credit worthy of consideration in every investor portfolio.