Are you looking to buy a property in Victoria?

Did you know that there are some property types that banks are very weary about accepting as security for a home loan?

Some properties in Victoria will be flat out declined by a bank but sometimes you may be able to build a strong case with the right lender and get your application approved. A mortgage broker can help with this.

How does this list work?

Alphabetically, you will find below a list of Victorian suburbs and specific addresses. Refer to this guide as you search for properties you might want to be buy or invest in.

Yes, for some of these properties it doesn’t matter whether it’s for investment purposes or owner occupied: they will be assessed in the same way by most banks.

For some of the property locations we’ve included a link to a specific page which provides more information on what makes certain properties unacceptable as security.

Despite this, there are exceptions with some lenders and there can be massive differences in how much you can borrow so it pays to speak with one of our experienced mortgage brokers.

Please call us on 1300 889 734 or complete our free assessment form and tell us a little bit about the property you’re looking at buying.

A

Apollo Bay

Beacon Point Ocean View Villas, 270 Skenes Creek Rd, Apollo Bay
Units run as holiday accommodation. Permanent occupancy is not permitted. Not accepted by many lenders.

B

Bairnsdale

Wattle Point Retreat, 200 Wattle Point Rd, Bairnsdale
Converted lodges are different from normal units and are not accepted by most lenders. Refer to our converted hotels page for more information.

Berwick

Berwick Retirement Village, Parkhill Dr, Berwick
Most banks are conservative when it comes to over 55s villages so please speak to us if you’re considering buying or investing in a retirement property.

Edrington Park Retirement Village, 6 Melville Park Dr, Berwick
Retirement village surrounded by heritage listed gardens. Lenders are conservative when lending to such properties because they are not in huge demand. Refer to our over 55s village accommodation page for more information.

Box Hill

6 Bruce ST, Box Hill
Student accommodation doesn’t meet bank size requirements. This is a common problem when it comes to student units because they’re really only designed for one or two people to live in. This means a much smaller market of potential buyers which is a massive risk for banks.

8 Bruce St, Box Hill
Student accommodation units are specialised properties and many lenders are reluctant to lend for such units.

6 John St, Box Hill
65 one bedroom student units located near Box Hill Tafe, Box Hill Central and Box Hill TAFE. These units don’t meet bank size requirements. Refer to our student accommodation mortgage page for more information.

Elgar Terrace, 490 Elgar Rd, Box Hill
Student accommodation units don’t meet banks’ size requirements.

Pacifica Apartments, 16-18 Poplar St, Box Hill
Lenders are conservative when it comes to student accommodation mortgage.

Bright

Silver Birches, 16-20 Gavan St, Bright
Units run as holiday accommodation in the past aren’t in demand as much as normal units, and are often difficult to find a buyer so most lenders decline loans for such properties.

Bundoora

Victorian University Apartments, 1251 Plenty Rd, Bundoora
Student accommodation units don’t meet the banks’ size requirements. Refer to our student accommodation mortgage page for more information.

Burwood

382-386 Burwood Hwy, Burwood
Student accommodation units near Deakin University. They may not meet banks’ size requirements. Refer to our student accommodation mortgage page for more information.

B308 Apartments, 308 Burwood Hwy, Burwood
Lenders are conservative when it comes to student accommodation mortgage.

Bennettswood Apartments, 224-226 Burwood Hwy, Burwood
These student accommodation units may not meet bank size requirements.

Middleborough Terrace Apartments, 388-390 Burwood Hwy, Burwood
Borrowing is usually limited to 70% of the property value but we may be able to go up to 80% depending on Hilton’s management agreement. Find out how to qualify for a serviced apartment home loan on this page.

Punt Hill Serviced Apartments, 300 Burwood Rd, Burwood
It is possible to borrow up to 70% of the property value for a serviced apartment if you meet certain requirements. Go through our serviced apartment page to learn more.

C

Camberwell

Campuswalk, 234 Warrigal Rd, Camberwell
Student accommodation units don’t meet bank’s size requirements. Refer to our student accommodation page for more information.

Cape Otway

Cape Otway Cottages, RMB 1590 Hordern Vale Rd, Cape Otway
You may be able to borrow up to 90% of the purchase price for a bed and breakfast property. It all depends on the nature of the property and whether you’ll be earning an income from the property.

Carlton

Arrow on Swanston, 488 Swanston St, Carlton
Serviced apartments are mostly leased out for short terms and don’t meet bank lending requirements. Refer to our serviced apartments finance page for more information.

42-50 Barry St, Carlton, Student Accommodation
Student accommodation doesn’t meet bank size requirements.

740 Swanston St, Carlton
60 studio and one-bedroom apartments opposite to the University of Melbourne. Student accommodation units are not accepted by most banks because they don’t meet bank size requirements.

D1 Degree Apartments, 139 Bouverie St, Carlton
Student accommodation units are not accepted by most banks because they don’t meet bank size requirements. Refer to our student accommodation units mortgage page for more information.

D2 Degree Apartments, 16-26 Orr St, Carlton
Most lenders don’t accept student accommodation units as security. Refer to our student accommodation units mortgage page for more information.

College Square, 570-590 Lygon St, Carlton
Lenders are very conservative when it comes to student accommodation units. Refer to our student accommodation units mortgage page for more information.

MiCasa 8, 594-600 (alternate address 125-131 Pelham St) Swanston St, Carlton
Student accommodation units are specialised properties and many lenders are reluctant to lend for such units.

Oakford on Lygon, 2-9 Finlay Pl, Carlton
Serviced apartments are not acceptable security to most lenders. Refer to our serviced apartments page for more information.

Quest Clocktower on Lygon, 255 Drummond St, Carlton
A serviced apartment arrangement can only be terminated by selling. New purchaser can owner occupy, rent out privately, or take up the serviced apartment offer. Refer to our serviced apartments page for more information.

Quest on Lygon, 700 Lygon St, Carlton
One to two bedroom serviced apartments. These are not acceptable security to most lenders. Refer to our serviced apartments page for more information.

Sofia House, 127-133 Leicester St, Carlton
Most lenders are conservative when it comes to serviced apartments.

Unilodge on Campus, 9 Earl St, Carlton
Student accommodation units near Melbourne University, RMIT and the state library. They don’t meet bank size requirements. Go through our student accommodation units page for more information.

Unilodge D1, 139 Bouverie St, Carlton
Lenders are very conservative when it comes to student accommodation units. Refer to our student accommodation page for more information.

Unilodge @ Melbourne, 740-746 Swanston St, Carlton
Most lenders decline applications for student accommodation units. Go through our student accommodation mortgage page to find out why.

528 Swanston St, Carlton
Student accommodation units don’t meet bank size requirements.

Caulfield East

Dudley House, 7-13 Dudley St, Caulfield East
Lenders are very conservative when it comes to student accommodation units. Refer to our student accommodation page for more information.

Cheltenham

Quest Cheltenham, 37-39 Station Rd, Cheltenham
Serviced apartments are not acceptable security to most lenders. Refer to our serviced apartments page for more information.

Chirnside Park

Yarra Valley Golf Club OR The Sebel Lodge Yarra Valley, Hughes Rd (alternate address Yarraview RD), Chirnside Park
Lenders are very conservative regarding holiday/resort units. Refer to our hotel unit mortgage page for more information.

Clayton

42 Beddoe Ave, Clayton
Advertised as student accommodation but there is no managing agents such as Student Housing Australia and no affiliation to a local tertiary institution. Refer to our student accommodation mortgage page for more information.

Collingwood

Cambridge Court, 49 Victoria Pde, Collingwood
Student accommodation are not acceptable security to most lenders. Refer to our student accommodation mortgage page for more information.

Oxley, 46 Stanley St, Collingwood
Residential unit development in which the vendor has imposed restrictions on resale for 2 years post settlement. Refer to our inner city apartments page for more information.

Cowes

Phillip Island Eco Resort, 2128 Phillip Island Rd, Cowes
Lenders may not accept holiday/resort units as security. Refer to our hotel unit mortgage page for more information.

Quest on Phillip Island, 9-11 Bass Ave, Cowes
Lenders are very conservative about apartments leased out on short terms. Go through our serviced apartment mortgage page for more information.

Ramada Resort (formerly All Seasons Phillip Island Eco Resort), 2124 Phillip Island Rd, Cowes
Units run as holiday accommodation. Permanent occupancy is not permitted. Not accepted by many lenders.

Creswick

Ramada Spa Resort Creswick, Midland Hwy, Creswick
A resort in 1500 Midland Highway and is no longer acceptable as residential security. Refer to our resort units page to find out more.

Novotel Forest Resort Hotel, 1500 Midland Hwy, Creswick
Holiday/resort units are specialised properties and lenders may not accept such properties as security.

D

Dandenong

Arkana, 157-163 Lonsdale St, Dandenong
Serviced apartments are not acceptable security to most lenders. Refer to our serviced apartments page for more information.

Quest Apartments, James St, Dandenong
Most lenders are conservative when it comes to serviced apartments.

Dinner Plain

High Plains Lodge Ski Resort, Big Muster Dr, Dinner Plain
Acceptable properties need to be identified as residential in nature (apartment, unit or house) and subject to a sublease condition of 6 month permanent occupancy. Refer to our snow lease property page for more information.

Docklands

Quest Docklands, 750 Bourke St, Docklands
Lenders are very conservative about apartments leased out on short terms. Go through our serviced apartment mortgage page for more information.

Dromana

Dromana Tourist Park, 131 Nepean Hwy, Dromana
Holiday park with self-contained cabins. It is difficult to find a suitable lender for specialised properties like these. Go through our unique properties mortgage page to find out more.

E

East Melbourne

Knightsbridge Apartments, 101 George St, East Melbourne
Serviced apartments are not acceptable security to most lenders. Refer to our hotel conversions page for more information.

Mantra on Jolimont, 133 Jolimont Rd, East Melbourne
Hotel converted into units. Most lenders restrict the amount you borrow even if they approve the loan. Go through our converted hotel loans page for more information.

Echuca

Rich River Holiday and Lifestyle Village, 16-50 Bynan Rd, Echuca
Holiday park with self-contained cabins. These kind of unique properties have different requirements than conventional loans. Go through our unique properties loan page to find out more.

Essendon

Punt Hill Essendon Grand Apartments, 1142 Mount Alexander Rd, Essendon
Lenders are very conservative about apartments leased out on short terms. Go through our serviced apartment mortgage page for more information.

F

Falls Creek

St Falls, Falls Creek
Lenders are very conservative when it comes to specialised properties. Find out more on our holiday properties page.

Ferntree Gully

Lifestyle Apartments, 1 Station St, Ferntree Gully
There are number of lending restrictions when it comes to serviced apartments. Go through our serviced apartments page to learn more about it.

Fingal

Moonah Links Hotel Apartments, 50 Peter Thomson Dr, Fingal
Hotels converted into apartments may not fulfill all of the requirements of a lender.

Fitzroy

Metropole Apartments, 42-48 Brunswick St, Fitzroy
Serviced apartments near Melbourne museum. These apartments are leased out for short terms and may not be accepted by lenders. Refer to our serviced apartment page for more information.

Royal Gardens Quest Inn, 8 Royal Lane, Fitzroy
Serviced apartments near Carlton garden and the Royal exhibition building. Refer to our serviced apartment page for more information.

Footscray

200 Ballarat Rd, Footscray
Lenders are very conservative when it comes to student accommodation units. Refer to our student accommodation page for more information.

StudioVU Footscray, 133-135 Droop St, Footscray
Student accommodation units on Droop St. Refer to our students accommodation mortgage page for more information.

Victoria Place University Apartments, 117-119 Ballarat Rd, Footscray
A 55 apartment serviced apartment complex. These are generally leased out for short terms. Refer to our serviced apartments page for more information.

Frankston

Ambassador Apartments, 325-335 Nepean Hwy, Frankston
These properties do not appeal to as many people as normal houses. In some cases, the units are used as a serviced apartment or cannot be legally occupied by the owner. Refer to our converted hotel home loans page for more information.

G

Garfield

Jefferson Place, 27 Jefferson Pl, Garfield
2 bedroom unit for over 55s. Refer to our over 55s village home loan page to find out why lenders may decline these properties.

Geelong

Quest Geelong, 18 The Esplanade Esp, Geelong
Serviced apartments ranging from one to three bedroom apartments. Refer to our serviced apartments mortgage page for more information.

Glen Waverley

Quest Glen Waverley, 353-361 Springvale Rd, Glen Waverley
Serviced apartments near Jells Park. Most lenders don’t accept these modern apartments as security. Refer to our serviced apartments mortgage page for more information.

H

Hampton

The Concierge Bayside Apartments, South Rd, Hampton
An over 55s village located on the corner of South and Bluff roads. Retirement villages are Refer to our over 55s village home loan page for more information.

Hawthorn

60 Auburn Rd, Hawthorn
Student accommodation apartments do not meet bank size requirements.

367-369 Burwood Rd, Hawthorn
Lenders don’t accept student accommodation units as security because they mostly do not meet bank size requirements. Refer to our student accommodation page for more information.

Hawthorn Hill Apartments, 71 Riversdale Rd, Hawthorn
Lenders are very conservative when it comes to student accommodation units. Refer to our student accommodation page for more information.

Hawthorn Village Apartments, 28 Queens Ave, Hawthorn
Most lenders decline applications for student accommodation units. Go through our student accommodation mortgage page to find out why.

Parklife Apartments, 41-43 Park St, Hawthorn
Student accommodation units may not meet bank size requirements. Find out more on our student accommodation units mortgage page.

Quest Hawthorn, 616 Glenferrie Rd, Hawthorn
It is possible to borrow up to 70% of the property value for a serviced apartment if you meet certain requirements. Go through our serviced apartments page to learn more.

Vivida, 1 Glenferrie Rd (alternate address 367-389 Burwood Rd), Hawthorn
Student accommodation units near premium Glenferrie train station. Refer to our students accommodation mortgage page for more information.

Unilodge @ Swinburne Place, 24 Wakefield St, Hawthorn
Student accommodation units are usually quite different from normal units as they often have shared rooms with bunk beds, communal kitchens, shared bathrooms and common study areas. Refer to our student accommodation mortgage page for more information.

Hillside

Melton HWY Hillside VIC 3037, (alternate address Gourlay RD), Hillside
Lenders are very conservative when it comes to financing unusual properties. Refer to our unique property finance page for more information.

I

Ivanhoe

Quest Ivanhoe, 72-84 Upper Heidelberg Rd, Ivanhoe
Serviced apartments 10 kms away from Melbourne zoo. Refer to our serviced apartment mortgage page for more information.

K

Kew

Quest Kew, 19-21 Walpole St, Kew
One to three bedroom apartments near QPO/Cotham road tram stop. Serviced apartments may not be accepted as residential property. Refer to our serviced apartment finance page for more information.

Quest Serviced Apartments, 5-9 Studley Park Rd, Kew
Studio styled serviced apartments at Studley Park Rd. These properties are different from conventional homes. Refer to our serviced apartment finance page for more information.

L

Lakes Entrance

26 Degrees, 6-12 Marine Pde, Lakes Entrance
There are a number of lending restrictions when it comes to serviced apartments. Refer to our converted hotel mortgages page for more information.

Lorne

Allenvale Cottages, 150 Allenvale Rd, Lorne
These types of properties aren’t available for permanent occupancy so lenders are conservative in financing these types of purchases. Refer to our converted hotel page for more information.

Erskine on the Beach, Mountjoy Pde, Lorne
Holiday units near Blakes estate winery. Hotels converted into units don’t appeal to people like conventional homes do. Refer to our converted hotel page for more information.

Lorneview Apartments, 3 Bay St, Lorne
3 and a half star accommodation in studio apartments are inns converted into units. Refer to our converted hotel mortgage page to find out why they aren’t accepted by lenders.

M

Malvern

Menzies Malvern, 1284-1286 High St, Malvern
Retirement villages with 2-3 bedroom apartments. Refer to our over 55s village accommodation page for more information.

Malvern East

B Central, 313 Waverley Rd, Malvern East
Student accommodation units don’t meet bank size requirements. Refer to our student accommodation properties page for more information.

903 Dandenong Rd, Malvern East
Student accommodation directly opposite Monash University but doesn’t meet bank size requirements.

58-62 Waverley Rd, Malvern East
Student accommodation units located across the road from Monash University. Refer to our student accommodation units page for more information.

Melbourne

33M, 27-39 MacKenzie St, Melbourne
Residential development units near Chinatown. Refer to our inner city apartments page for information.

99 A’Beckett St, Melbourne
Inner city apartments present a high risk to most banks.

200 La Trobe St, Melbourne
Two bedroom apartments in the city. Refer to our inner city apartments page find out why lenders think these are risky investments.

292-298 Flinders St, Melbourne
Heritage-list properties are quite unique and tend not to appeal to the mass market so banks tend to take a conservative approach.

528 Swanston St, Melbourne
Student accommodation units don’t meet bank size requirements. Refer to our student accommodation properties page for more information.

Arrow III Apartments, 480 Swanston St, Melbourne
Serviced apartments opposite to Queensberry St/Swanson St tram station. Refer to our serviced apartments finance page for more information.

The Blackman, 452 St Kilda RD, Melbourne
This converted tower hotel is located near Royal Botanic Gardens. Refer to our converted hotel loans page for more information.

College House, 570-578 Swanston St, Melbourne
Student accommodation units located within walking distance of RMIT University and Melbourne University. Refer to our student accommodation page for more information.

Collins St Tower (AKA Oaks Apartments), 480 Collins St, Melbourne
Serviced apartments near Southern Cross Station. Refer to our serviced apartments page for more information.

Fairfax House Quest Lodging, 392 Little Collins St, Melbourne
One and two bedroom serviced apartments at the middle of Melbourne’s CBD. Refer to our hotel conversions mortgage page to find out why lenders may not accept these properties.

Gateway Park Plaza, 1 William St, Melbourne
Hotels converted into units are difficult securities for most banks to accept. Refer to our converted hotel mortgage page for more information.

Gorton Pl, Melbourne
There are number of lending restrictions when it comes to serviced apartments. Refer to our serviced apartments page for more information.

The Grand Hotel, 67 Spencer ST, Melbourne
One and two bedroom serviced apartments. Refer to our serviced apartment finance page for more information.

Highlander Apartments, 474 Flinders St, Melbourne
Serviced apartments are not acceptable security to most lenders. Refer to our serviced apartments page for more information.

Home@Flinders, 268 Flinders St, Melbourne
Studio apartments for student accommodation. Refer to our student accommodation mortgage page for more information.

Hotel Enterprize Apartments, 44-64 Spencer St (alternate address Flinders Lane), Melbourne
Lenders are very conservative about apartments leased out on short terms. Go through our serviced apartment mortgage page for more information.

Key Suites St Kilda Road OR Oaks Griffin Suites, 604 St Kilda Rd, Melbourne
Serviced apartments at 2 minutes walk from High St tram stop. Refer to our serviced apartment mortgage page for more information.

Landmark Tower, 23-33 Lonsdale St, Melbourne
A $63 million property development with 122 residential apartments and ground level retail on the top end of Lonsdale. Most banks consider high density inner city units to be a high risk.

The Lane Building, 267-275 Flinders Lane, Melbourne
Heritage-listed properties are quite unique and tend not to appeal to the mass market so banks tend to take a conservative approach.

Mantra on the Park, 333 Exhibition St, Melbourne
Located near Queen Victoria market. Most lenders may not accept it as security. Refer to our converted hotels loan page for more information.

Mansion Apartments, 151-163 Bourke St, Melbourne
It is possible to borrow up to 70% of the property value for a serviced apartment if you meet certain requirements. Go through our serviced apartment page to learn more.

Mansion (The), 83 Queens Rd, Melbourne
Retail/commercial units are not acceptable as residential security. Remaining units may be acceptable to some lenders. Refer to our unusual properties page for more information.

Mayflower on Lonsdale, 139-143 Lonsdale St, Melbourne
Serviced apartments are not acceptable security to most lenders.

Metro Apartments on Bank Place, 18-20 Bank Pl, Melbourne
Serviced apartments with units less than 40m2. These may not meet bank size requirements.

Oakford Regent Apartments, 182 Collins St, Melbourne
Serviced apartments near the Regent Theatre. They are not acceptable security to most lenders.

Oaks on Lonsdale, 23-33 Lonsdale St, Melbourne
Hotel apartments located in the central business district. Most lenders may not accept it as security. Refer to our converted hotels loan page for more information.

Oaks on Market, 60 Market St, Melbourne
Serviced apartments near Spencer St station complex. Refer to our serviced apartments finance page for more information.

Pacific International Apartments and Panorama Sky Apartments, Market St, Melbourne
Lenders are skeptical when it comes to residential development units. Refer to our unusual properties page for more information.

Pacific International Hotel, 100 Exhibition St, Melbourne
All-apartments hotel near Melbourne museum. Lenders don’t accept hotels as residential property.

Pacific International Suites, 471 Little Bourke St, Melbourne
Serviced apartment located in the central business district. Lenders may be conservative when assessing such properties.

Quest on Bourke St, 155 Bourke St, Melbourne
Serviced apartment near Federation Square.

Quest Lodging, 116 Queen ST, Melbourne
Serviced apartments may not be acceptable security to most lenders.

Quest on Lonsdale, 43-51 Lonsdale St, Melbourne
Serviced apartments close to Queen Victoria market. These may not meet bank’s lending requirements.

Quest on St Kilda Road, 1A St Kilda RD, Melbourne
Serviced apartments near Fitzroy Street tram station. Refer to our serviced apartments finance page for more information.

Quest on William, 172 William ST, Melbourne
Serviced apartments with studios and one to three bedroom apartments.

Saville Park Suites, 333 Exhibition St, Melbourne
These properties do not appeal to as many people as normal houses. In some cases, the units are used as a serviced apartment or cannot be legally occupied by the owner.

Sebel on St Kilda Road, 348 St Kilda RD, Melbourne
It is possible to borrow up to 70% of the property value for a serviced apartment if you meet certain requirements.

Somerset Elizabeth Melbourne, 250 Elizabeth St, Melbourne
High-rise serviced apartment near Elizabeth St tram station. Lender may not accept high-density apartments as security.

The Sebel of Melbourne / Treasury on Collins, 394-398 Collins St, Melbourne
Former Bank of Australasia converted into a serviced apartment. Refer to our serviced apartments home loan page to find out why lenders may not accept such properties.

Season on St Kilda Rd, 572 St Kilda Rd, Melbourne
Serviced apartment with up to three bedrooms per unit. Lenders may be conservative with these modern apartments.

Sky Lounge Apartments, 41-49 Therry St (alternate address 58-64 Franklin St), Melbourne
There are number of lending restrictions when it comes to serviced apartments.

The Stanton, 622 St Kilda Rd, Melbourne
Serviced apartments may not be acceptable security to most lenders.

Taylors on A Beckett, 106-116 A’Beckett St, Melbourne
Student accommodation units don’t meet bank size requirements. Refer to our student accommodation properties page for more information.

Tourism House, Melbourne
Serviced apartments are not acceptable security to most lenders.

Unilodge, 35-41 Lonsdale St, Melbourne
Studio apartments near Chinatown. These properties don’t meet bank size requirements. Refer to our student accommodation units page for more information.

Unilodge on Flinders, 238-242 Flinders ST, Melbourne
Student accommodation units approved by Trinity College. Refer to our student accommodation units page to find out why lenders may not accept these properties.

University City Apartments, 402-408 Lonsdale St, Melbourne
Lenders are very conservative when it comes to student accommodation units.

Vista 8, 591-593 Elizabeth St, Melbourne
Student apartments don’t meet bank size requirements.

YMCA College Square on Swanston, 800 Swanston St, Melbourne
Student accommodation units near Melbourne University.

Metung

Metung Holiday Village, Kurnai Ave, Metung
Most banks have restrictive lending requirements when it comes to holiday or resort accommodation units.

Mildura

373 Deakin Ave, Mildura
Holiday properties are not accepted by most banks.

Mont Albert

Mont Albert Quest Inn, 741-745 Whitehorse Rd, Mont Albert
One and two bedroom serviced apartments near Mont Albert train station. Refer to our serviced apartments finance page to find out why lenders may not accept such properties.

Mt Buller

Alto Villas, 107 Summit Rd, Mt Buller
3 bedroom apartment opposite ski school. Refer to our snow lease properties page to find out why lenders may not accept these types of properties.

Breathtaker All Suite Hotel, Breathtaker Rd, Mt Buller
Snow lease properties only appeal to a small market.

Courchevel Mt Buller Alpine Resort, The Avenue, Mt Buller
Holiday property in Mt Buller. Not all lenders will accept these types of properties because they tend to have short lease terms. Refer to our snow lease home loan page for more information.

Discobolus, Goal Post Rd, Mt Buller
Two storey alpine cabins, located on Goalpost Road, around 450 metres from Bourke Street. There is strict lending policy when it comes to snow leases.

Hotel Enzian, Chamois Rd, Mt Buller
The lending policies for snow lease accommodation can be quite restrictive.

Mt Buller, Mt Buller
Holiday property with apartments as well as ski club lodges. Refer to our snow lease properties page for more information.

Mt Buller Alpine Resort, Abominable Rd, Mt Buller
Lenders are very conservative when it comes to snow lease properties.

Reindeer Apartments, Breathtaker Rd, Mt Buller
Ski lodge properties located near Bourke Street ski run. Lenders may not accept ski lodges as residential property. Refer to our snow lease properties page for more information.

Telemark Ski Lodge, Goal Post Rd, Mt Buller
Most lenders may not accept ski lodges as security. Refer to our snow lease accommodation page for more information.

Mt Hotham

Arlberg Hotham, Mt Hotham
Snow resorts are not assessed as a standard residential properties. Refer to our snow lease home loan page for more information.

St Hotham, Mt Hotham
Snow resort with ski lodges. Refer to our snow lease home loan page to find out why lenders may not accept these types of properties.

Zirky’s Apts, 101 Great Alpine Rd, Mt Hotham
Over thirty ski-in and ski-out apartments centrally-located in Hotham Village. Refer to our snow lease mortgage page for more information.

N

Narre Warren

Fountain Gate Quest Inn, Princes Hwy, Narre Warren
Low-rise hotel with serviced apartments located near Narre Warren train station. Refer to our converted hotel mortgage page for more information.

Quest Narre Warren, 504-512 Princes Hwy (alternate address 2 Don Bosco Dr), Narre Warren
Serviced apartments may not be accepted as residential property.

Noble Park

58-59 Douglas St, Noble Park
Student accommodation doesn’t meet bank size requirements.

North Melbourne

3-11 High St, North Melbourne
One bedroom student accommodation units near Melbourne University and RMIT. Refer to our student accommodation mortgage page for more information about how to get approved for a home loan.

Villiers Apartments, 75 Flemington Rd, North Melbourne
Private accommodation units for students. Refer to our student accommodation mortgage page to find out why lenders may not accept such as properties.

Notting Hill

210-220, Normanby Rd, Notting Hill
Student accommodation units are specialised properties and many banks are reluctant to lend for such units.

Rusden House Apartments, 662 Blackburn Rd, Notting Hill
Student accommodation units near Monash University. Refer to our student accommodation home loans page for more information.

O

Oaklands Junction

Oaklands Park, Konagaderra Rd, Oaklands Junction
Properties are either vacant land or large lots, usually around 2 to 3 acres. Borrowing restrictions will vary depending on the size of the land.

Oakleigh

Gateway Apartments, 1384 Dandenong Rd, Oakleigh
A serviced apartment arrangement can only be terminated by selling. A new purchaser can buy the property as an owner occupied, rent out privately or take up the serviced apartment offer. Refer to the hotel conversions page for more information.

P

Parkville

Parkville Gardens, 980 Park St, Parkville
Housing development on a 20 hectare site in Parkville. Refer to our high density units page for more information on getting approved.

Paynesville

Parkridge, Fort King Rd, Paynesville
Retirement villages are specialised properties and lenders may not accept it as security. Refer to our over 55s village home loan page for more information.

Point Cook

Sanctuary Lakes Resort, 9 Greg Norman Dr, Point Cook
Converted hotels aren’t accepted by most banks.

Portland

66 Julia St, Portland
Apartments from one to three bedrooms. Serviced apartments are not accepted as security by most lenders.

Prahran

7-8 Porter St, Prahran
Student accommodation units located near Swinburne Prahran, NMIT, and Melbourne Polytechnic. These kinds of properties don’t meet bank size requirements. Refer to our student accommodation home loan page for more information.

32-34 St Edmonds Rd, Prahran
Around 38 apartments aimed at Swinburne University students. Refer to our student unit mortgages page for more information on why some student accommodation units may not meet bank size requirements.

72-76 High St, Prahran
Student accommodation units may not meet bank size requirements.

High Apartments, 153a High St, Prahran
Studio apartments and one bedroom apartments for student accommodation. These properties may not meet bank size requirements.

Macquarie 17 Apartments, 17-19 Macquarie St, Prahran
40 student units that don’t meet bank size requirements.

Prahran Mews Apartments, 1-5 Donald St, Prahran
Student accommodation units located near Swinburne Prahran, NMIT, and Melbourne Polytechnic. Refer to our student accommodation page for more information on getting approved for a home loan.

Quest Windsor, 111 Punt Rd, Prahran
One to three bedroom apartment near High Street tram stop. Refer to our hotel conversion home loan page for more information.

R

Richmond

Quest Richmond Hill, 185-191 Lennox St, Richmond
Serviced apartments with up to two bedrooms. Located near Royal Botanic Gardens. Go through our converted hotels page to find out why serviced apartments may not meek bank requirements.

Richmond Hill Apartments, 185-191 Lennox St, Richmond
Serviced apartments located near Royal Botanic Gardens. Most lenders don’t accept serviced apartments as residential property.

S

San Remo

Bass Coast Golf Resort, Potters Hill Rd, San Remo
Holiday / resort properties are not accepted by most banks.

Silverwater Resort, 1 Phillip Island Rd, San Remo
Converted hotels are leased out for short terms and lenders may not accept such properties.

Sorrento

Oceanic Apartments, Sorrento
Lenders are weary about lending for residential development units.

The Oceanic Sorrento, 234 Ocean Beach Rd, Sorrento
Holiday/resort properties are not accepted by most banks.

South Geelong

Quest Geelong, 16 The Esplanade, South Geelong
Lenders tend to be conservative when assessing serviced apartments.

South Melbourne

Quest South Melbourne, 21 Park St, South Melbourne
One to three bedroom serviced apartments across the Yarra river. Refer to our serviced apartments page for more information.

South Wharf

Hilton Serviced Apartments, South Wharf
Borrowing is usually limited to 70% of the property value but we may be able to go up to 80% depending on Hilton’s management agreement.

South Wharf (Southbank)

Hilton Hotel and Serviced Apartments, 2 Convention Centre Pl, South Wharf (Southbank)
Serviced apartments are usually leased out for short terms. Refer to our hotel conversion home loans page for more information on why it can be difficult to qualify for a mortgage.

South Yarra

5 Powell St, South Yarra
Mixed use development and 18 units that are less than 40sq metres.

9-11 Barnsbury Rd, South Yarra
Residential unit development opposite the train station. These units don’t meet bank size requirements. Refer to our unusual properties page for more information.

70 Hawksburn Rd, South Yarra
Residential unit development. Based on recent valuations, all units appear to be under 35m2. This means that they don’t meet bank size requirements.

238 Toorak Rd, South Yarra
Serviced apartments may not be acceptable security to most lenders.

Como Plaza, 651 Chapel St, South Yarra
Serviced apartments near South Yarra train station.

Medina Apartments, 52 Darling St, South Yarra
62 one or two bedroom apartments and studio rooms. Refer to our serviced apartments page to find out why these properties may not be acceptable to lenders.

Quest Prahran, 3-9 Balmoral St, South Yarra
One to three bedroom serviced apartments. Serviced apartments may not be accepted as security for a home loan.

135 Inkerman St, St Kilda
Serviced apartments aimed at leisure travellers. The properties are leased out for short terms and, because of this, they may not meet bank lending requirements.

Quest, 1 Eildon St, St Kilda
Studio and one to two bedroom apartments located near Jacka Blvd. tram station. Refer to our serviced apartments mortgage page for more information.

Redan Apartments (PKA Quest), 25 Redan St, St Kilda
Serviced apartments near Luna Park Melbourne amusement park. Go through our serviced apartments page to find out why these properties may not be acceptable to lenders.

Sunbury

Canterbury Hills Estate, Sunbury
Residential development units may not be acceptable security with most lenders. Refer to our unique properties page for more information.

T

Torquay

Crowne Plaza Hotel OR OnShore Torquay Investment Apartments, The Esplanade Esp, Torquay
Holiday units at the entrance of the Great Ocean Road. These properties are assessed differently to standard units. Refer to our converted hotel loan page for more information.

Resort (The), 100 The Esplanade, Torquay
Holiday/resort resort. Short stay accommodation only. Permanent occupancy is not allowed.

Tynong

Special Use Trainer Allotments, Nar Nar Goon-Longwarry Rd, Tynong
18 half hectare to hectare lots located at Pakenham Racing Club. These are restricted residential subdivisions for trainers and horses to live and train. This is considered to be a unique residential development.

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Wantirna

Quest Knox, 137 Mountain Hwy, Wantirna
From studio rooms to three bedroom apartments, aimed at business and leisure travellers. Refer to our serviced apartments page for more information.

Williamstown

Saltwater Quay, Rifle Range Kororoit Rd, Williamstown
Lenders are very conservative about apartments leased out on short terms.

Seaside Apartments, 4-18 Ferguson St, Williamstown
Serviced apartments with one to two bedrooms. Refer to our serviced apartments page for more information.

Quest Williamstown North, 115-119 Kororoit Creek Rd, Williamstown
One bedroom serviced apartments next to the nature reserve at Jawbone Marine Sanctuary. These properties may not meet bank lending requirements.

Williamstown North

Quest Williamstown North, 125 Kororoit Creek Rd, Williamstown North
Serviced apartments are not acceptable security to most lenders.

Windsor

Quest Windsor, 111 Punt Rd, Windsor
One to three bedroom apartments near the High Street tram stop. Lenders may not accept these properties as security.

Wongarra

Whitecrest Great Ocean Road Resort Apartments, 5230 Great Ocean Rd, Wongarra
Resort converted to one to three bedroom apartments. These properties are not accepted by most banks. Refer to our converted hotel mortgage page for more information.

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Yarra Glen

Balgownie Estate, 1309 Melba Hwy, Yarra Glen
Vineyard resort and spa with serviced apartment. Borrowing is usually limited to 60-70% of the property value. Find out how to qualify for a serviced apartment home loan on this page.

Need help?

Get in touch with one of our specialist mortgage brokers today by calling 1300 889 743 or by completing our free assessment form.

We’re experts in lender policy and we can give you the right information you need to make an informed decision when choosing a property.