CONSTRUCTION POLICY CHANGES EFFECTIVE COB 2ND JUNE 2025
- Maximum LVR greater than 80% is subject to LMI approval.
- Maximum LVR for Inner-City, High-Risk and High-Density postcodes is 90% subject to LMI approval.
- Maximum LVR for Regional and Unclassified postcodes is 70%.
- Maximum LVR for Regional and Unclassified postcodes is 80% where the security property is in a town where the population is >10,000 or within 25 km of a major regional town where the population >50,000.
- Maximum LVR for Regional and Unclassified postcodes is 90% subject to LMI approval where the security property is in a town where the population is >10,000 or within 25 km of a major regional town where the population is greater than 50,000.
RATE GUIDE | PURCHASE HOUSE & LAND
| LVR Options | <70% (max loan size $3.5M) | <80% (max loan size $3.5M) | <90% (max loan size $3M) | <95% (max loan size $2M) |
| Owner Occupied | 5.79% | 5.89% | 6.39% | 6.89% |
| Investment | 6.09% | 6.19% | 6.69% | 7.19% |
PURPOSE LOADINGS & RISK FEES
| ^Interest Only (max 5 years) | Add 0.40% (applies to construction applications if IO repayments required for >15 months) |
| Construction Risk Fees (CRF) (CRF is applicable to all construction loans. Fee calculated based upon approved loan limit & not added to the interest rate. Monthly CRF is mandatory which is 1/12th of full CRF amount). | Owner Occupied: <80% – 0.00%, <85% – 2.25%, <90% – 3.50%, <91% – 4.00%, <92% – 4.50%, <93% – 5.00%, <94% – 5.50%, <95% – 6.00% Investment: <80% – 0.50%, <85% – 2.75%, <90% – 4.00%, <91% – 4.50%, <92% – 5.00%, <93% – 5.50%, <94% – 6.00%, <95% – 6.50% Multi Dwelling (excludes Duplex): <75% – 2.50%, <80% – 3.00% |
MAX LOAN SIZE & LVR GUIDE
| LVR | Inner City | Metro | Non-Metro | Regional and/or Unclassified |
| 0 – 70% | $3,500,000 | $3,500,000 | $3,500,000 | $3,000,000 |
| 70.01% – 80.00% | $3,500,000 | $3,500,000 | $2,500,000 | $2,500,000 |
| 80.01% – 90.00% | $3,000,000 | $3,000,000 | $3,000,000 | $1,750,000 |
| 90.01% – 95% | NA | $2,000,000 | $2,000,000 | By Exception |
- Postcode Limits | Metro & Non Metro 95%, High Density 90%, Inner City & High Risk 85%, Regional & Unclassified 80%
- Minimum loan size is $50,000.
- Maximum Borrower exposure is $10M
PRODUCT OVERVIEW
- Available for house & land construction in Metro, Non Metro, Regional & Unclassified locations subject to policy guide effective September 2025.
- Construction to be completed within 12 months of land settlement, penalties may apply.
- Product includes Offset Account, BPAY®, Internet Banking, ATM/EFTPOS access, Redraw (post construction).
- 100% of the Borrower(s) funds to complete is retained by the lender at settlement.
- Above rates include standard Interest Only term during construction of 12 months followed by P&I repayments.
- ^Interest Only after construction phase is unavailable for Owner Occupied loans >80% & <95% LVR.
- ^Interest Only Investment after construction up to 5 years with LVR’s >80% add 0.40% to the rate.
- Debt to Income Ratio to be less than 8.00:1 where the LVR is >80% and <95%.
- Progress draw fees may be higher on application (if higher then the actual cost will be charged).
- Available for accepted Visa Holders for Temp/Permanent applicants living, working & paying tax in Australia to 80%.
- Vacant land as stand-alone security is not acceptable.
APPROX. FEES
GET IN
| Application Fee | $199.00 |
| Construction Admin Fee | $750.00 |
| Valuation Fee from | At cost |
| Lenders Legal Fee from | $440.00 |
| Progress Drawdown Fee (includes 5 progress inspections) | $925.00 |
| Annual Fee Owner Occ | $0.00 if LVR < 80% $395.00 if LVR > 80% |
| Annual Fee Investment | $395.00 |
| Settlement Fee | $199.00 |
GET OUT
| Discharge Fees approx. | $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.