Policy Changes Effective COB 2nd June 2025

Inner-City, Metro and Non-Metro Postcodes

  1. 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.
  2. Specialist Disability Accommodation(SDA) properties, both investment construction and established properties, are ONLY acceptable within:
    1. 50km radius of the Sydney GPO, and, 
    2. 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

  1. 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%;
  2. 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 & Construction7.55%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

LVRInner CityMetroNon-MetroRegional 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$2,000,000N/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 FeeAt 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.