13. Securities and Valuations

Acceptable Securities
  • Residential (or zoning deemed equivalent of residential).
  • Rural Residential.
  • ‘Mixed-use’ Commercial/retail must be located on the ground floor only. A minimum of 3 comparable sales is required that are directly comparable and must have commercial/retail on the ground floor.
  • Up to 2 dwellings on a single title.
  • Ownership of no more than 2 units in a single development.
  • Properties with improvements worth >10% of the property value.
  • Properties up to 5 acres (2 hectares)
  • Units over 50 sqm (total living area)
  • Selling period of less than 6 months
  • Vacant Land
  • Properties in Construction / development / partially completed dwellings
  • Income-producing properties
  • Exotic construction relocated or Kit homes
  • Short Term Letting (Holiday/Resort) timeshare, dual key, serviced apartments
  • Flood prone areas
  • Power Lines, Transmission Lines or Railway Tracks within 100m
  • Studios
  • Units under 50sqm (total living area)
  • Units in buildings with over 10 residential storeys (underground car parks are excluded)
  • Properties in Poor Condition
  • Retirement Village / Over 55 properties
  • Off the plan Purchases
  • Display Homes (where the property will continue to be a display home)
  • Lifestyle/Holiday style homes
  • Securities with active Development Approval(DA)*
  • NRAS Schemes
  • Defense force housing
  • Multiple titles for a single dwelling
  • Student/houses of multiple occupancy (HMO) accommodation sites (where material adjustments have been made to the property).