Sydney off the plan investment loan

Red & Co. Finance – Mortgage Broking 

There has been so much negative commentary of late surrounding declining property values in Sydney. Despite this, we recently completed a transaction for a client who had purchased a 2 bedroom apartment off the plan at Bondi Junction in Sydney. The purchase was a resounding success, with the property valuing up and renting quickly on a high yield for Sydney. Highlights of the deal were as follows:

  • 90% loan to value ratio with no LMI
  • Major bank as lender
  • Competitive interest only rate
  • Valuation uplift from contract price

Red & Co finance was able to manage the entire funding process from valuation to settlement. Our additional oversight ensured the process ran smoothly for our client and they secured their property. If you would like to speak to a mortgage specialist about funding for an off the plan purchase, or to check your borrowing capacity before signing a contract, get in contact with Max Laverty at [email protected] or 0488 707 164.