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Construction / Land Rate Watch

Cabernet provide full doc construction loans to 90% LVR (85% for Xpats), while Purple provide both Altdoc and full doc construction loans to 80% LVR.

Ocean, Purple (max 50% LVR) and Redzed all provide vacant land only loans for Altdoc or full doc with no requirement to build.

Doc Type

Category

Rate Type

Funder

Occupancy Type

Max Loan Values

Alt Doc

Prime
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Owner Occupier
Purple (La Trobe)Construction - Var8.44%
(8.83%)
$2,000,000		8.64%
(9.02%)
$2,000,000		8.94%
(9.32%)
$2,000,000		4 Jun 2024-OO, INVIO29 yrs$2,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
Purple (La Trobe)Construction Max - Var8.64%
(9.02%)
$5,000,000		8.94%
(9.32%)
$5,000,000		4 Jun 2024-OO, INVIO29 yrs$5,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
Investor
Purple (La Trobe)Construction - Var8.44%
(8.83%)
$2,000,000		8.64%
(9.02%)
$2,000,000		8.94%
(9.32%)
$2,000,000		4 Jun 2024-OO, INVIO29 yrs$2,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
Purple (La Trobe)Construction Max - Var8.64%
(9.02%)
$5,000,000		8.94%
(9.32%)
$5,000,000		4 Jun 2024-OO, INVIO29 yrs$5,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
Vacant Land
Ocean (ORDE)Commercial Vacant Land A - Altdoc9.99%
(10.00%)
$2,000,000		10.19%
(10.28%)
$2,000,000		18 Apr 2024-VACPI30 yrs$2,000,0001.25x ITC | ERF applies individual & company applicants | ERF Waiver Fee - add 0.50% to App Fee | Cat 1 locations only | No land banking.
Ocean (ORDE)Diamond Land Altdoc A9.84%
(9.97%)
$1,000,000		10.04%
(10.16%)
$1,000,000		10.04%
(10.16%)
$1,000,000		18 Apr 2024-VACPI30 yrs$1,000,0001.50% App Fee. | ERF Waiver Fee - add 0.50% to App Fee  (company accounts) | No covenants or construction within 1 yr of land settlement | Max 5 acres – Cat 1 or 2 | 😊😊
Purple (La Trobe)Vacant Land - Altdoc A8.44%
(8.74%)
$2,000,000		4 Jun 2024-VACIO2 yrs$2,000,0001.25% App Fee | Max 2 Yr Term | Add 0.40% for Int Only |
Near Prime
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Vacant Land
Ocean (ORDE)Emerald Land Altdoc B10.29%
(10.41%)
$1,000,000		10.59%
(10.72%)
$1,000,000		18 Apr 2024-VACPI30 yrs$1,000,000No covenants or construction within 1 yr of land settlement | Max 5 acres – Cat 1, 2., 3 or 4.
Red (RedZed)Recharge Land - Altdoc C8.94%
(9.22%)
$1,250,000		8.94%
(9.22%)
$1,250,000		8.94%
(9.22%)
$1,250,000		9.29%
(9.58%)
$1,250,000		9.49%
(9.77%)
$1,000,000		1 Dec 2023Diminishing 24 mthsVACPI30 yrs$1,250,000$ Nil App Fee | 0.75% Risk Fee to 70% (then 1.0%) | Max 1 acre - Cat 1 & 2 | No covenants or construction within 2 yrs of settlement |Add 0.15% for Int Only. |6 mth ABN with <2 yrs same industry experience.
Red (RedZed)Reward Land - Altdoc B7.74%
(7.99%)
$750,000		7.79%
(8.04%)
$750,000		7.84%
(8.09%)
$750,000		7.99%
(8.26%)
$750,000		1 Dec 2023Diminishing 24 mthsVACPI30 yrs$750,000$ Nil App Fee | 0.75% Risk Fee to 70% (then 1.0%) |Max 1 acre - Cat 1 | No covenants or construction within 2 yrs of settlement | Add 0.15% for Int Only | 6 mth ABN with >2 yrs same industry experience | 😊😊
Fixed Rate
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Investor
Purple (La Trobe)Development Construction $5m9.99%
(10.13%)
$5,000,000		4 Jun 2024-INVIO2 yrs$5,000,000Construction of 2 or more dwellings wiith interest capitalisation. Must be SPV. Max 70% GRV / 80% TDC. Max 60% GRV for childcare centres.
Purple (La Trobe)Development Construction MAX $25m10.99%
(11.13%)
$25,000,000		4 Jun 2024-INVIO2 yrs$25,000,000Construction of 2 or more dwellings wiith interest capitalisation. Must be SPV. Max 70% GRV / 80% TDC. Max 60% GRV for childcare centres.
Purple (La Trobe)Development Construction MID $15m10.69%
(10.83%)
$15,000,000		4 Jun 2024-INVIO2 yrs$15,000,000Construction of 2 or more dwellings wiith interest capitalisation. Must be SPV. Max 70% GRV / 80% TDC. Max 60% GRV for childcare centres.
Near Prime Fixed
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Vacant Land
Navy (BC Invest)Navy Land Bullet0.00%
(0.00%)
$1,000,000		18 May 2024-VACIO3 yrs$1,000,000Non Code Only - must be business use | No Servicing | POA | Metro Land Only | Must have Exit Strategies | Min. Term 6 mths | Cash Out available for business purposes | Quote will be provided subject to circumstances |  

Full Doc

Prime
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Owner Occupier
Cabernet (ORIGIN)FlexiBuild OO - Var Construction6.80%
(7.28%)
$2,000,000		6.80%
(7.28%)
$2,000,000		6.90%
(7.35%)
$2,000,000		6.90%
(7.38%)
$2,000,000		7.20%
(7.75%)
$1,750,000		7.70%
(8.25%)
$1,500,000		19 Jun 202424 mthsOOPI30 yrs$2,000,0001 Yr IO construction + 29 yrs PI =30 yrs | 100% Offset available when completed |  CRF [Construction Risk Fee] applies to all construction loans | CRF Charged @ 1/12 pm via Direct Debit if construction period exceeds 12 mths | No Rate Loading |
Purple (La Trobe)Construction - Full Doc Var8.44%
(8.83%)
$2,000,000		8.64%
(9.02%)
$2,000,000		8.84%
(9.22%)
$2,000,000		4 Jun 2024-OO, INVIO29 yrs$2,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
Investor
Cabernet (ORIGIN)FlexiBuild Inv - Var Construction7.10%
(7.58%)
$2,000,000		7.10%
(7.58%)
$2,000,000		7.20%
(7.70%)
$2,000,000		7.20%
(7.70%)
$2,000,000		7.50%
(8.07%)
$1,750,000		8.00%
(8.57%)
$1,500,000		19 Jun 202424 mthsINVPI30 yrs$2,000,0001 Yr IO construction + 29 yrs PI =30 yrs | 100% Offset available when completed |  CRF [Construction Risk Fee] applies to all construction loans | CRF Charged @ 1/12 pm via Direct Debit if construction period exceeds 12 mths | No Rate Loading |
Cabernet (ORIGIN)MultiBuild Inv - Var Construction7.90%
(8.46%)
$2,000,000		7.90%
(8.46%)
$2,000,000		8.00%
(8.56%)
$2,000,000		8.00%
(8.58%)
$2,000,000		8.30%
(8.90%)
$1,750,000		19 Jun 202424 mthsINVPI30 yrs$2,000,000IO Rate Loading of 0.80% during construction - removed when reverts to P&I (1 Yr IO + 29 yrs PI) | 100% Offset available when completed | CRF [Construction Risk Fee] applies to all construction loans | CRF Charged @ 1/12 pm via Direct Debit if construction >12 mths | Co-Living / Shared Living | Max 6 rooms | Br must have ensuite & Key Lock | Commercial Val.|
Purple (La Trobe)Construction - Full Doc Var8.44%
(8.83%)
$2,000,000		8.64%
(9.02%)
$2,000,000		8.84%
(9.22%)
$2,000,000		4 Jun 2024-OO, INVIO29 yrs$2,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
NDIS
Cabernet (ORIGIN)NDIS FlexiBuild Inv - Var Construction7.90%
(8.39%)
$2,000,000		7.90%
(8.41%)
$2,000,000		8.00%
(8.51%)
$2,000,000		8.00%
(8.51%)
$2,000,000		8.30%
(8.81%)
$1,750,000		8.80%
(9.43%)
$1,500,000		19 Jun 202424 mthsNDISPI25 yrs$2,000,000IO Rate Loading of 0.80% (included in displayed rates) during construction - removed when reverts to P&I (1 Yr IO + 24 yrs PI) | Offset available when completed | LPF applies all Construction Loans | Use the rate displayed less 0.80% rate loading for assessment |
Cabernet (ORIGIN)NDIS FlexiBuild Max Inv - Var Construction8.40%
(8.51%)
$2,500,000		8.50%
(8.51%)
$2,500,000		8.50%
(8.51%)
$2,500,000		19 Jun 202424 mthsNDISPI25 yrs$2,500,000IO Rate Loading of 0.80% (included in displayed rates) during construction - removed when reverts to P&I (1 Yr IO + 24 yrs PI) | Offset available when completed | LPF applies all Construction Loans | Use the rate displayed less 0.80% rate loading for assessment |
Vacant Land
Ocean (ORDE)Commercial Vacant Land A - FD9.59%
(9.66%)
$2,000,000		9.64%
(9.72%)
$2,000,000		18 Apr 2024-VACPI30 yrs$2,000,0001.25x ITC | ERF applies individual & company applicants | Cat 1 locations only | App Fee 1.65% | ERF Waiver Fee - add 0.50% to App Fee |
Ocean (ORDE)Diamond Land - Full doc A9.69%
(9.79%)
$1,000,000		9.84%
(9.94%)
$1,000,000		9.84%
(9.94%)
$1,000,000		18 Apr 2024-VACPI30 yrs$1,000,000No covenants or construction within 1 yr of land settlement | Max 5 acres – Cat 1 or 2 | ERF Waiver Fee - add 0.50% to App Fee  (company accounts) | Can use 1 Yr ITR -need most recent BAS from Jan-June. 😊😊
Purple (La Trobe)Vacant Land - Full Doc A8.44%
(8.74%)
$2,000,000		4 Jun 2024-VACIO2 yrs$2,000,0001.25% App Fee | Max 2 Yr Term | Add 0.40% for Int Only | Can use 1 Yr ITR
Near Prime
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Vacant Land
Ocean (ORDE)Emerald Land - Full Doc B9.99%
(10.09%)
$1,000,000		10.09%
(10.19%)
$1,000,000		10.09%
(10.19%)
$1,000,000		18 Apr 2024-VACPI30 yrs$1,000,000No covenants or construction within 1 yr of land settlement | Max 5 acres – Cat 1, 2., 3 or 4 | Can use 1 Yr ITR -need most recent BAS from Jan-June. 😊😊
Red (RedZed)Recharge Land - Full doc C8.54%
(8.82%)
$1,250,000		8.54%
(8.82%)
$1,250,000		8.64%
(8.92%)
$1,250,000		8.84%
(9.12%)
$1,250,000		9.04%
(9.32%)
$1,000,000		1 Dec 2023Diminishing 24 mthsVACPI30 yrs$1,250,000$ Nil App Fee | 0.75% Risk Fee to 70% (then 1.0%) | Max 1 acre Cat 1 & 2 | No covenants or construction within 2 yrs of settlement |Add 0.15% for Int Only | 6 mth ABN with <2 yrs same industry experience | Can use 1 Yr ITR if SE <2yrs.
Red (RedZed)Reward Land - Full doc B7.59%
(7.84%)
$750,000		7.64%
(7.89%)
$750,000		7.69%
(7.94%)
$750,000		7.84%
(8.11%)
$750,000		1 Dec 2023Diminishing 24 mthsVACPI30 yrs$750,000$ Nil App Fee| 0.75% Nil Risk Fee to 70% (0.35% >70%) | No covenants or construction within 2 yrs of settlement | Add 0.15% for Int Only | 6 mth ABN with >2 yrs same industry experience | Can use I Yr ITR if SE <2yrs. 👌
Fixed Rate
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Owner Occupier
Cabernet (ORIGIN)3 Yr Fixed - Construction Special - Owner Occupied7.39%
(7.93%)
$1,500,000		7.39%
(7.93%)
$1,500,000		7.39%
(7.98%)
$1,500,000		19 Jun 202424 mthsOOPI29 yrs$1,500,000IO Rate Loading of 0.80% during construction - removed when reverts to P&I (1 Yr IO + 29 yrs PI). | Offset available when completed. | Annual Fee: $395 pa. | OO Only. | Risk FEE (CRF) >75% = 0.50%; | 80% =1.0% | 85% = 2.0% | (paid upfront Year 1, then monthly @ 1/12th of CRF pm thereafter.
Cabernet (ORIGIN)5 Yr Fixed - Construction Special - Owner Occupied7.39%
(7.93%)
$1,500,000		7.39%
(7.93%)
$1,500,000		7.39%
(7.98%)
$1,500,000		19 Jun 202424 mthsOOPI29 yrs$1,500,000IO Rate Loading of 0.80% during construction - removed when reverts to P&I (1 Yr IO + 29 yrs PI). | Offset available when completed. | Assessed @ 5 Yr Fixed Rate x 29 yrs. | Annual Fee: $395 pa. | OO Only. | Risk FEE (CRF) >75% = 0.50%; | 80% =1.0% | 85% = 2.0% | (paid upfront Year 1, then monthly @ 1/12th of CRF pm thereafter. 😊
Investor
Cabernet (ORIGIN)3 Yr Fixed - Construction Special - Investment7.69%
(8.22%)
$1,500,000		7.69%
(8.22%)
$1,500,000		7.69%
(8.27%)
$1,500,000		19 Jun 202424 mthsINVPI29 yrs$1,500,000IO Rate Loading of 0.80% during construction - removed when reverts to P&I (1 Yr IO + 29 yrs PI). | Offset available when completed. | Annual Fee: $395 pa. | OO Only. | Risk FEE (CRF) >75% = 0.50%; | 80% =1.0% | 85% = 2.0% | (paid upfront Year 1, then monthly @ 1/12th of CRF pm thereafter.
Cabernet (ORIGIN)5 Yr Fixed - Construction Special - Investment7.69%
(8.77%)
$1,500,000		7.69%
(8.77%)
$1,500,000		7.69%
(8.77%)
$1,500,000		19 Jun 202424 mthsINVPI29 yrs$1,500,000IO Rate Loading of 0.80% during construction - removed when reverts to P&I (1 Yr IO + 29 yrs PI). | Offset available when completed. | Assessed @ 5 Yr Fixed Rate x 29 yrs. | Annual Fee: $395 pa. | OO Only. | Risk FEE (CRF) >75% = 0.50%; | 80% =1.0% | 85% = 2.0% | (paid upfront Year 1, then monthly @ 1/12th of CRF pm thereafter.

1 Yr Returns

Prime
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Owner Occupier
Purple (La Trobe)Construction - Full Doc Var8.44%
(8.83%)
$2,000,000		8.64%
(9.02%)
$2,000,000		8.84%
(9.22%)
$2,000,000		4 Jun 2024-OO, INVIO29 yrs$2,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
Investor
Purple (La Trobe)Construction - Full Doc Var8.44%
(8.83%)
$2,000,000		8.64%
(9.02%)
$2,000,000		8.84%
(9.22%)
$2,000,000		4 Jun 2024-OO, INVIO29 yrs$2,000,0001.5% App Fee. Rate during build only, reverts to applicable Altdoc rate when built. Assessed at Revert Rate x 29 yrs.
Vacant Land
Ocean (ORDE)Diamond Land - Full doc A9.69%
(9.79%)
$1,000,000		9.84%
(9.94%)
$1,000,000		9.84%
(9.94%)
$1,000,000		18 Apr 2024-VACPI30 yrs$1,000,000No covenants or construction within 1 yr of land settlement | Max 5 acres – Cat 1 or 2 | ERF Waiver Fee - add 0.50% to App Fee  (company accounts) | Can use 1 Yr ITR -need most recent BAS from Jan-June. 😊😊
Purple (La Trobe)Vacant Land - Full Doc A8.44%
(8.74%)
$2,000,000		4 Jun 2024-VACIO2 yrs$2,000,0001.25% App Fee | Max 2 Yr Term | Add 0.40% for Int Only | Can use 1 Yr ITR
Near Prime
Loan Type Loan Name50%55%60%65%70%75%80%85%90%Effective Date Clawback Occupancy Repayments Max Term Max Loan Notes
Vacant Land
Ocean (ORDE)Emerald Land - Full Doc B9.99%
(10.09%)
$1,000,000		10.09%
(10.19%)
$1,000,000		10.09%
(10.19%)
$1,000,000		18 Apr 2024-VACPI30 yrs$1,000,000No covenants or construction within 1 yr of land settlement | Max 5 acres – Cat 1, 2., 3 or 4 | Can use 1 Yr ITR -need most recent BAS from Jan-June. 😊😊
Red (RedZed)Reward Land - Full doc B7.59%
(7.84%)
$750,000		7.64%
(7.89%)
$750,000		7.69%
(7.94%)
$750,000		7.84%
(8.11%)
$750,000		1 Dec 2023Diminishing 24 mthsVACPI30 yrs$750,000$ Nil App Fee| 0.75% Nil Risk Fee to 70% (0.35% >70%) | No covenants or construction within 2 yrs of settlement | Add 0.15% for Int Only | 6 mth ABN with >2 yrs same industry experience | Can use I Yr ITR if SE <2yrs. 👌