Policy Changes Effective COB 2nd June 2025
Inner-City, Metro and Non-Metro Postcodes
- where a Discounted Cash Flow (DCF) or Capitalisation valuation method has been used for Specialist Disability Accommodation properties the maximum LVR is capped at 100% of the Alternate Use value.
- Specialist Disability Accommodation(SDA) properties, both investment construction and established properties, are ONLY acceptable within:
- 50km radius of the Sydney GPO, and,
- 25km radius of all mainland capital cities (Adelaide, Brisbane, Canberra, Darwin, Melbourne, and Perth), and the following major NSW cities – Parramatta, Penrith, Newcastle, and Wollongong.
Regional and Unclassified Postcode Properties
- where the town size population is greater than 10,000 or the subject property is within 25k radius of a major regional town with a town size population greater than 50,000; the maximum LVR is 80%;
- where a Discounted Cash Flow (DCF) or Capitalisation valuation method has been used for Specialist Disability Accommodation properties the maximum LVR is capped at 80% of the Alternate Use value.
RATE GUIDE | PURCHASE, REFINANCE & CONSTRUCTION
| LVR | <70% | <80% | <90% |
| Established & Construction | 7.55% | 7.65% | 8.15% |
PURPOSE LOADINGS & RISK FEES
| Interest Only^ | N/A |
| Lender Protection Fee (Established Dwellings) | LVR’s <80% – 1.00% LVR’s <85% – 3.25% LVR’s <90% – 4.50% |
| Construction Risk Fee (CRF) CRF is applicable for all construction loans. Monthly CRF is mandatory which is 1/12 of CRF amount. | LVR’s <80% an CRF of 1.50% LVR’s <85% an CRF of 3.75% LVR’s <90% an CRF of 5.00% OO or Multi Dwelling (excludes duplex) LVR’s <85% – 1.00% LVR’s <90% – 4.50% |
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 | $5,500,000 | $2,500,000 |
| 80.01% – 90.00% | $3,000,000 | $3,000,000 | $3,000,000 | $1,750,000 |
| 90.01% – 95% | N/A | $2,000,000 | $2,000,000 | N/A |
- 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 with the 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.
- Maximum LVR for Co-Living, Boarding and Student accommodation properties in Regional and Unclassified postcodes is 65%.
- Co-Living, Boarding and Student accommodation properties in Regional and Unclassified postcodes – 65% gross rental income cap applies.
- Maximum LVR for Specialist Disability Accommodation properties in Inner-City, Metro and Non-Metro postcodes is capped at 100% of the Alternate Use.
PRODUCT OVERVIEW
- Available for approved Co-Living securities in Metro, Non-Metro, Regional & Unclassified locations.
- A 10% liquidity test is applicable for all SDA loans.
- Applicants can only construct one SDA or Co-Living dwelling at the same time.
- ^Interest Only mandatory during construction up to 18 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 80%.
- Maximum loan term is 25 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 Fee | $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 2nd June 2025.