How much will I be able to borrow with an acreage loan?
Posted: Wed Mar 27, 2019 5:14 pm
Hi, I’m looking to purchase an 11.83-hectare site in the rapidly expanding outskirts of south-western Sydney. This will be more of a lifestyle block than anything else. The listed price is $400,000, so I’m trying to figure out how much I’ll be able to borrow or if I’ll have to look for a more modest acreage. What do banks look for in a residential acreage/lifestyle block?