Finance for property under 50 square meters

*** UPDATED AS OF 6th JULY 2018 ****

Depending on the lender, the following can be included as part of the size calculation.

• Car space
• Balcony
• Storage unit/space
• Internal stairs
• External laundry ( not shared) 

Size guide for anything under 35 sq meters in living space - http://www.shapehomeloans.com.au/blog/finance-for-property-under-40-square-meters-20150706173

Finance for units between 45 - 50 square meters ( L

	Lender A ( Tier 1 Bank- Major)	Lender B ( Tier 2 Bank- Medium)
Interest rate as of July 2018 ( Variable)	From 3.59%	From 3.76%
Interest rate as of July 2018 ( Fixed)	From 3.69% fixed for 2 years	From 3.79% fixed for 2 years
Max LVR	90-95%	90%
Interest only allowed
100% offset account
Studio apartment allowed ( ie No bedroom)
Non-genuine savings allowed	up to 90% LVR	up to 85% LVR
Car space and Balcony included into calculations
Refinance and cash out allowed

Finance for units between 40 - 45 square meters

	Lender A ( Tier 1 Bank- Major)	Lender B ( Tier 2 Bank- Medium)
Interest rate as of July 2018 ( Variable)	From 3.63%	From 3.82%
Interest rate as of July 2018 ( Fixed)	From 3.84% fixed for 2 years	From 3.88% fixed for 2 years
Max LVR	75-80%	70-75%
Interest only allowed
100% offset account
Studio apartment allowed ( ie No bedroom)
Non-genuine savings allowed		Up to 80% LVR
Car space and Balcony included into calculations
Refinance and cash out allowed	Limited cash out

Finance for units between 35- 40 square meters

	Lender A ( Tier 1 Bank- Major)	Lender B ( Tier 2 Bank- Medium)
Interest rate as of  July 2018 ( Variable)	From 3.79%	From 4.14%
Interest rate as of  July 2018 ( Fixed)	From 3.88% fixed for 2 years	3.99% fixed for 2 years
Max LVR	75-80%	60%
Interest only allowed
100% offset account
Studio apartment allowed ( ie No bedroom)
Non-genuine savings allowed
Car space and Balcony included into calculations
Refinance and cash out allowed		Limited cash out

Finance for units between 18 - 35 square meters

	Lender A ( Tier 1 Bank- Major)	Lender B ( Tier 2 Bank- Medium)
Interest rate as of July 2018 ( Variable)	From 3.79%	From 4.49%
Interest rate as of July 2018 ( Fixed)	From 3.89% fixed for 2 years	From 4.19% fixed for 2 years
Max LVR	Case by case ~70%	50-60%
Interest only allowed
100% offset account
Studio apartment allowed ( ie No bedroom)		Case by case
Non-genuine savings allowed
Car space and Balcony included into calculations		Case by case
Refinance and cash out allowed