LVR for RLZ1

Discussion in 'Loans & Mortgage Brokers' started by buzzlightyear, 4th Aug, 2015.

Join Australia's most dynamic and respected property investment community
  1. buzzlightyear

    buzzlightyear Member

    Joined:
    20th Jun, 2015
    Posts:
    9
    Location:
    Melbourne
    Hi,

    Just wanting to get a sense of the 'general' policy of the majors or tier 2's of the maximum LVR for RLZ1 (Rural Living zone) properties in postcode 3720. The property is approximately 10.5 acres.

    Thx
     
    buzzlightyear, 4th Aug, 2015
    #1
  2. buzzlightyear

    buzzlightyear Member

    Joined:
    20th Jun, 2015
    Posts:
    9
    Location:
    Melbourne
    ******Bump*****
     
    buzzlightyear, 17th Aug, 2015
    #2
  3. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,658
    Location:
    Sydney
    90% LVR - cannot be income producing. Your potential issues are going to be with the risk ratings and comparable sales. Purchase is going to be easier to finance than a refi or equity release.
     
    Shahin_Afarin, 18th Aug, 2015
    #3