u/Skynet-T800

Construction Loans

Does anyone know any Banks/institutions that would accommodate a duplex build in Sydney (with 1 granny flat per side) with an 80% LVR?

Cost to build would be between $2,300,000 - $2,500,000 approx existing debt would increase it by a further $1,300,000 (totalling $3,800,000 approx).

One Bank will only do 70% and current valuations require it at 80% LVR.

Not a troll post legit cant build to house all the whingers in ausproperty subreddit so let me know which Banks can so housing stock goes up.

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u/Skynet-T800 — 8 days ago