Co-Living

Co-living (also known as Rooming House) properties are recognised as a solid rental-yielding property type. Granite Co-Living Loans are available for existing co-living-compliant properties and for constructing co-living-compliant properties. Note: Co-living is not a boarding house.

Key features

Flexible repayments

Offset accounts and multiple loan split

Redraw facilities

Visa Debit card

Online access available

Key features

Flexible repayments

Offset accounts and multiple loan split

Redraw facilities

Visa Debit card

Online access available

Quick links

Product sheet

Download

Rates

View rates

Application documents

View documents

Full features and benefits

Loan features	Principal and Interest Maximum loan term 25 years (300 months) Maximum LVR 90% Maximum loan amount $2,000,000 (construction), $2,500,000 (established) Purpose built Co-Living compliant property Specialist Co-Living valuations undertaken. Request a val via: https://hello.granitehomeloans.com.au/val-request Redraw available Visa Debit card available Multiple loan splits available
Borrower	Investors: Individuals, companies, trusts Property purpose: Residential Co-Living Credit history: Clear credit history Employment type: PAYG/Self employed Full income documentation over 2 years
Optional features	Fixed rate option Available. Refer rate card Offset account available activated after construction
Repayment features	Repayment frequency Weekly, fortnightly and monthly Transaction functionality Unlimited transactions via internet, phone, BPay, debit card, ATM Make additional payments Up to $20,000 p.a. for fixed rate splits Repayment method Salary credit/direct debit
Exclusions	No cash out

Download full Co-Living fact sheet

NDIS / Co-Living Established

Lender Protection Fees - Charged as a % of total loan amount Referral Partners excluded (OneContract, Sunrise Foundation, DEC Housing)
Established	Owner Occupied	Investment	SMSF
>00% - 75%	0.00%	0.00%	0.00%
>75% - 80%	0.00%	0.00%	0.00%
>80% - 85%	1.50%	2.00%	2.50%
>85% - 90%	2.50%	3.00%	3.50%
>90% - 95%	4.00%	N/A	N/A

NDIS/Co-Living Construction

Lender Protection Fees - Charged as a % of total loan amount Referral Partners excluded (OneContract, Sunrise Foundation, DEC Housing)
Established	Owner Occupied	Investment	Multi-Dwelling
>00% - 75%	0.50%	1.00%	2.50%
>75% - 80%	1.00%	1.50%	3.00%
>80% - 85%	2.00%	2.50%	3.50%
>85% - 90%	3.00%	3.50%	4.50%
>90% - 95%	4.50%	N/A	N/A