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Do you need a loan to start a child care centre?

  • Borrow up to 80% (freehold residential).
  • Borrow up to 70% (freehold commercial).
  • Borrow up to 50% (leasehold).
  • Interest rate discounts available.

As seen in…

Our award-winning mortgage brokers will find you the right home loan for your situation.

HLE Awards-Top10 HLE-Awards-AMA Finalist HLE-Awards-Telstra Award

Why should I invest in a child care centre?

Most mum and dad investors usually purchase a preschool in order to give back to the community. They usually also have experience in the same industry.

Having said that, there is definitely a growing demand for more quality child care centres as Australians are now more often and for longer hours of the day.

What will the banks assess?

Most of the major lenders require the following:

  • More than 25 child care places for the facility.
  • Occupancy levels above 80%.
  • A least 2 times the amount of income to proposed interest expenses.
  • Wages and salaries (on costs) should be less than 60% of total or proposed income.

Lenders may also check for the following:

  • Government approval.
  • Council approval.
  • How experienced your operators are.
  • The location of the property.
  • If the property is purpose-built or is a converted residence.

Can I convert my residence into a child care centre?

While it is possible to do this, it can be difficult since you still have to meet fairly strict development application (DA) requirements and the cost can be high.

Depending on the council and your own state government, your development plan should include:

  • A playground plan detailing fencing and potential exposure to mobile phone towers, power lines or other electromagnetic radiation.
  • Hazardous materials report detailing a lead and asbestos assessment of all building materials including painted areas, the rood and carpets.
  • A soil contamination report.
  • A shaded areas report (shade requirements are extensive).
  • Emergency Evacuation Plan, particularly as they relate to fires and flooding.

You can get a copy of a development control plan from your local council so you have some idea of what requirements you will need to meet.

We’ve lent more than $1 billion+ Australia-wide.

  • They walked us through the process step by step

    We would like to say thank you to Hank from Home Loan Experts for all his help in getting us a guarantor loan.

    We were really unsure if we would ever get an approval for a home loan, but Hank immediately knew the right lender to approach for our situation, and made the whole process simple…

    We would definitely recommend Home Loan Experts to anyone. Thanks again to Hank and the team from Home Loan Experts for making it possible for us to own our first home.

    Ianthe S & Jadobi l, Carina QLD

  • A very friendly, professional and helpful team

    The team was very friendly, professional, helpful and went out of their way to get the right loan that was suitable for us… I recommend this service for those who find it very hard to purchase a property going directly to a bank. Thank you Home Loan Experts, you have finally given my family and me the opportunity to own a beautiful home.

    Denise H, Epping VIC

  • A lot smoother and less stressful than having to deal with banks as an individual

    Our mortgage broker was very personable and made us feel like he went above and beyond to assist us in getting our home loan. He had a great knowledge of guarantor home loans which set our minds at ease. He was happy to answer any questions even outside business hours and responded in a professional and timely manner. As a second home buyer I would recommend going through the home loan experts as this process was a lot smoother and less stressful than having to deal with banks as an individual. I would especially recommend Hoa to others.

    Melissa H & Rhys B, Wynnum West QLD

  • Exceeded my expectations in terms of results

    Throughout the process I felt confident in knowing I could rely on you and at no stage did I ever feel that trust could be an issue with you. You have exceeded my expectations in terms of results and have done this with very short notice. You are an asset to your company and a role model to your profession… I already have and will continue to recommend your services to friends and family.

    Thomas M & Tanya W, Botany NSW

  • So easy to speak to no matter how stressful the situation

    We are both so grateful to Amine for all of his hard work and great advice over the past year! It’s been such a long journey… We are starting to settle into our new home in Trentham now. It is just so beautiful and relaxing! We really love it and are so happy with our purchase. Amine was right all along – things happen for a reason! Thank you Amine for always being there for us.

    Tanya & Andrew B, West Melbourne VIC

  • He even made a guarantor loan from our parents seem effortless!

    After the roller coaster ride of going cap in hand to the bank manager, only to be turned away… we found Tony. What a refreshing change! Within a 2 week time frame, we had approval and were able to follow the normal approval process to get the loan…. With Tony’s inside knowledge on how lenders think he was able to approach the bank with an excellent case and really put us in a great position in the lender’s eyes…. We recommend Tony and Home Loan Experts strongly and will be using them for our next purchase…

    Julie W & Luisa C, Waikiki WA

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