Austral, NSW

DA approved residential development site

The Loan is secured by first registered mortgage over a 12,140m² DA approved residential development site located in Austral, NSW, approximately 50km south west of the Sydney CBD.

The purpose of the Loan was to assist with the acquisition of the Security Property.

The site is currently improved by a double storey brick and tile residential dwelling, a dilapidated ancillary building, with the rear of the site vacant.

A Development Application (DA) for the site was approved in March 2023 permitting the subdivision of the existing allotment into 23 residential allotments. The residential allotments will range in size from 257m² to 556m² (average of 326.6m²). 

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 8.55% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by a personal 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 and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 18 months, subject to early or late repayment, from 4 July 2025 to 3 January 2027.

Investment Details

• Target Return

  8.55% net

• Loan to Value Ratio

  60%

• Term

  18 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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