Security property location and LVR

What security property information do we need?

To find out the category for the security property’s location refer to the Macquarie Serviceability Calculator. 

You’ll need to order an upfront valuation through PropertyHub prior to submitting the application¹ to ensure the application is within our credit policy. 

The PropertyHub system will select the valuation based on the security, lending purpose and application data you enter. Please ensure you:

use an accurate ‘estimated market value’ and ‘loan amount’, and
only complete the ‘Do any of these apply?’ section where appropriate for purchase valuation requests.

1. Excludes long form valuations which require an application to complete.

Maximum loan to value ratio (LVR) per loan facility

The maximum LVR per loan facility is based on the loan purpose and repayment type:

Loans with interest only repayments	80% LVR
Investor loans with principal and interest repayments	90% LVR inclusive of low deposit fee capitalisation. Note: if any portion of the loan has an interest only repayment method, the maximum LVR is 80%
Refinance loans	90% LVR inclusive of low deposit fee capitalisation. Note: if any portion of the loan has an interest only repayment method, the maximum LVR is 80%
Equity release loans	80% LVR - refer policy section 1A of Macquarie Residential Home Loans Credit Guidelines
Owner occupied purchases with principal and interest repayments	95% LVR inclusive of low deposit fee capitalisation

Premium property/luxury policy

Our premium property/luxury policy takes into consideration the LVR, property value and property location.

Location	Property value	Max LVR
Cat 1	<$5m	80%
Cat 1	$5m to $10m	70%
Cat 2/3	<$1.5m	80%
Cat 2/3	$1.5m to $3m	70%
Cat 4	By exception only	By exception only

You can use the Macquarie Serviceability Calculator to find out the category for the security property's location. Loans are subject to credit approval, including satisfactory valuations with acceptable risk characteristics. The maximum LVRs shown in the table above may in limited cases be restricted based on the valuation outcome.

For more information, read the Macquarie Residential Home Loans Credit Guidelines.  

Other security features that impact maximum LVR/loan amount

High risk postcode location	80% LVR Refer to ‘Security Details’ section on the Macquarie Serviceability Calculator to see if a high risk postcode has been flagged once the postcode is entered.
High density apartment/unit(s)	80% LVR Where any portion of the loan is interest only, the LVR is capped at 70%. Refer to ‘Security Details’ section on the Macquarie Serviceability Calculator to see if any high density postcode has been flagged once the postcode is entered.
Restricted security - studio/bedsitter	Refer to Business Development Manager (BDM).
Restricted securities	Refer to restricted securities list in section 4A of the Macquarie Residential Home Loans Credit Guidelines.
Stratum title (VIC) units	85% LVR inclusive of low deposit fee capitalisation.
Off the plan	90% LVR inclusive of low deposit fee capitalisation.

Land size and impact on maximum LVR/loan amount

Up to 4 hectares	Standard LVR parameters.
>4 up to 10 hectares	80% LVR subject to location category limits.
>10 up to 20 hectares	70% LVR subject to location category limits.
>20 up to 40 hectares	60% LVR subject to location category limits.
>40 hectares	Unacceptable.

Loans are subject to credit approval including satisfactory valuations with acceptable risk characteristics. 

For more information, refer to the Macquarie Residential Home Loans Credit Guidelines.  

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