Austral, NSW

2.106ha DA approved residential development site

The Loan is secured by first registered mortgage over a 2.106ha Development Application (DA) approved residential development site located in Austral, NSW, approximately 60km south west of the Sydney CBD and 15km west of Liverpool.

The proposed development specific to the Security Property is anticipated to yield 49 lots, including 28 x 'R2' zoned lots and 11 x 'R3' zoned lots, with five (5) lots to be used as temporary basins and five (5) lots requiring boundary swaps with the adjoining land owned by the borrowing group.

The purpose of the Loan was to assist with the acquisition of the Security Property for future re-development.

The Leppington area is being rapidly redeveloped into low and medium density residential housing as part of the Austral & Leppington North Precinct in the Western Sydney Priority Growth Area. The property is approximately 5km from the new Western Sydney International (Nancy-Bird Walton) Airport (the first stage of which is due to open in 2026). 

The Borrower Group is a substantial and successful residential land developer with over 25 years’ experience in land subdivisions in the western suburbs of Sydney. The Group has completed multiple residential subdivisions in and around Leppington and Austral, NSW.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner.

• The Loan was advanced at a Loan to Value Ratio of 60%.
• The Target Return is 9.05% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a Director's guarantee and a General Security Agreement over the Borrower.
• Interest for the initial 3 months of the Loan Term has been lodged on deposit with the Manager.
• The Manager has assessed the financial position of the Borrower and Guarantor as part of its credit approval process and is satisfied that they are financially capable to service (pay interest) a loan of this nature.
• The Loan Term is 16 months, subject to early or late repayment, from 22 October 2024 to 21 February 2026.

Investment Details

• Target Return

  9.05% net

• Loan to Value Ratio

  60%

• Term

  20 Months

Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.

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