Austral, NSW

Residual Stock Loan - 16 completed residential lots zoned 'R2 Low Density Residential'

This Loan is a Residual Stock facility whereby it is intended the Loan and LVR will reduce during the Loan Term from sales of the Security Properties. On completion of the sale of a Security Property, the Loan facility will be reduced by the agreed net sale proceeds, and these funds will be returned to Investors.

The Loan is secured by first registered mortgage over 16 residue basin lots from multiple completed residential developments located in Austral, NSW, approximately 50km south west of the Sydney CBD and 15km west of Liverpool.

The Security Properties form the decommissioned temporary basin lots of five (5) separate completed residential development sites. The Security Properties can be sold ‘as is’ or remediated into residential lots. Costs for remedial works are estimated at $25,000 per lot.

The Security Properties are vacant allotments and are zoned ‘R2 Low Density Residential’ under the State Environmental Planning Policy (Precincts – Western Parkland City) 2021. The lots range in size from 300m² to 629.5m².

The Security Properties were unencumbered at the time of making the Loan.

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 65%.
• The Target Return is 7.70% 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.
• The Manager has assessed the financial position of the Borrower and Guarantors and is satisfied that they are financially capable to service a loan of this nature.
• The Loan Term is 12 months, subject to early or late repayment, from 9 December 2025 to 8 December 2026.

Investment Details

• Target Return

  7.7% net

• Loan to Value Ratio

  65%

• Term

  12 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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