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

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Rates

magnify rate icon

Application documents

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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

  • Up to 80% LVR

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

Calculator and LoanApp login

Standard calculator



LoanApp
All applications must be submitted via LoanApp

Calculator and LoanApp login

Standard calculator



LoanApp
All applications must be submitted via LoanApp