Rural Finance

Viewing 4 posts - 1 through 4 (of 4 total)

herks
Member
@herks
Join Date: 2006
Post Count: 10
April 5, 2006 - 11:43 am
Hi All,
I need finance to buy a parcel of land that we are going to get DA on for rural-residential. What is the highest LVR I am able to get. Need to borrow as much as possible. Will be around $100000.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 5, 2006 - 12:54 pm
Bankwest will lend up to 90% on rural land.
Terryw
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Parramatta
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Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
April 5, 2006 - 1:12 pm
On the basis that the block is less than 10 acres you may get 95% LVR dependant on the post code.
Richard Taylor
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Stuart Milne
Member
@stuart-milne
Join Date: 2006
Post Count: 196
April 8, 2006 - 1:16 pm
I’m now wondering where 10acres was mentioned? Let me guess it has to be within 10k’s of a population of 75,000people or more too right?
Bankwest will do it and so will a couple of others. There is more than one option in the market place, depending of course on whether or not the broker you speak with has been outside of his own postcode yu may even be lucky enough to find one.
I wish you all the best in your endeavours!
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
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