POLICY CHANGES EFFECTIVE 15th SEPTEMBER 2025
Inner-City, Metro and Non-Metro Postcodes
- Where a Discounted Cash Flow (DCF) or Capitalisation valuation method has been used for Co-Living properties the maximum LVR is capped at 90% of the Alternate Use value.
Special Rental Accommodation (SRA) Investment Properties
- Applications require either an Accountants’ letter confirming applicant’s net asset position of $2.5m OR at least one applicant earns $250k gross income per annum OR Independent Financial Advice plus Feasibility report.
- Equity release is unavailable for SRA properties..
RATE GUIDE | PURCHASE, REFINANCE & CONSTRUCTION
| LVR | <65% |
| Established & Construction | 7.34% |
PURPOSE LOADINGS & RISK FEES
| Interest Only^ | Add 0.40% |
| Lender Protection Fee (Established Dwellings) | LVR’s <65% – 1.00% |
| Construction Risk Fee (CRF) CRF is applicable for all construction loans. Monthly CRF is mandatory which is 1/12 of CRF amount. | LVR’s <65% a CRF of 1.50% OO or Multi Dwelling (excludes duplex) LVR’s <65% – 1.00% |
MAX LOAN SIZE & LVR GUIDE | CONSTRUCTION & ESTABLISHED
| LVR | Inner City | Metro | Non-Metro | Regional and/or Unclassified |
| 0 – 65% | $3,500,000 | $3,500,000 | $3,500,000 | $3,000,000 |
| 70.01% – 80.00% | N/A | N/A | N/A | N/A |
| 80.01% – 90.00% | N/A | N/A | N/A | N/A |
| 90.01% – 95% | N/A | N/A | N/A | N/A |
- Maximum LVR for specialist rental accommodation properties (Co-Living, Student, and Boarding House) is 65%
- SRA properties must be within 30k radius of the following capital cities (Adelaide, Brisbane, Melbourne, Perth, Sydney) or within 15k radius of the following cities (Canberra, Darwin, Geelong, Gold Coast (Tweed Heads, Coolangatta, Surfers Paradise, Southport), Liverpool, Newcastle, Maroochydore, Parramatta, Penrith, Wollongong)
PRODUCT OVERVIEW
- Available for approved Co-Living securities in Metro, Non-Metro, Regional & Unclassified locations.
- Acceptable Securities include properties up to 12 self-contained bedrooms (each room must contain a kitchenette and bathroom), Boarding and Student accommodation properties.
- ^Interest Only available during construction up to 15 months then reverts to P & I repayments.
- ^Interest Only available up to 5 years for established dwellings with 0.40% loading to rate.
- *Max loan size is up to $3,500,000 with LVR’s to 65%.
- Maximum loan term is 30 years.
- Maximum Borrower exposure $10,000,000.
- Offset Account available.
- Debt to Income Ratio to be less than 8.00:1.
- Minimum Applicant(s) CCR score is 700.
- Progress draw fees may be higher on application subject to location.
- Includes Offset Account, BPAY®, Internet Banking, ATM/EFTPOS access, and Redraw once construction is complete.
APPROX. FEES
GET IN
| Application Fee | $199.00 |
| Valuation Fee | At cost |
| Construction Admin Fee | $750.00 |
| Lenders Legal Fee from | $440.00 |
| Annual Fee Investment | $395.00 |
| Settlement fees | $199.00 |
GET OUT
| Product Discharge Fee | $895.00 |
Other terms, fees & charges may apply. Refer to the Postcode Guide for more details on acceptable security locations and LVR limitations. Product availability & conditions are subject to change without notice. Australian Credit Licence 409 649. Rates are effective from 15th September 2025.