Co-Living Loans

  • Funding up to 12-bedroom property 
  • Construction & established properties 
  • No annual review 
  • Flexible terms 
  • 100% Offset available 
  • Flexible repayment options 

To qualify for a Granite Co-Living loan, the funds must be used to build or purchase a Co-Living compliant property. Co-Living accommodations offer private living spaces, each with en suite bathrooms and private kitchenettes for residents.

Quick Links

Download Product sheet
View Rates
Download Application pack

Full features

Ownership Structure

  • Non-trading company
  • Discretionary trust
  • Individuals

Loan Purpose

  • Construct Co-Living compliant property
  • Purchase existing Co-Living compliant property

Accepted Property Types

  • Residential (6 or less bedrooms)
  • Commercial (7-12 bedrooms)

Eligibility Criteria  

  • Clear Credit History
  • 600 Minimum Credit Score
  • Full income documentation (over 2 years)
  • Max borrower exposure $7,500,000

Borrower Type

  • Personal
  • Joint
  • Self-employed
  • Non-trading company
  • Discretionary trusts

Maximum LVR

Maximum Loan Amount

  • $3,000,000 (established)
  • $3,000,000 (construction)

Acceptable Locations

Acceptable Security

Refer to the list below

Specialist Valuation

Repayment Type 

  • Up to 360 months (P&I)
  • Up to 15 months (interest only) for Co-Living construction loans
  • Up to 60 months (interest only) for Co-Living for established properties

Repayment and Access to Funds

  • P&I – Weekly/Fortnightly/Monthly
  • IO – Monthly
  • Repayment method – Salary credit/direct debit
  • Able to make additional payments up to $20,000 p.a. for fixed rate splits
  • Able to make unlimited repayments on variable loans
  • Redraw available
  • Transaction functionality – Unlimited transactions via internet, phone, BPAY®, Visa Debit card available, ATM

Optional features

  • Offset account available activated after construction
  • Fixed rate option available – Refer to rate card
  • Multiple loan splits available