*The loan has been repaid in full on the date of maturity, and LVR of on an "as-is-market" basis.
Loan amount
$1,250,000
LVR
69%
Loan period
3 months
Loan types
Residential properties
This project aims to provide a loan facility for refinance, with a total loan amount of $1,250,000.00. The borrower will provide 1 property located in the Sherwood area as the first mortgage. This area of the site is 1,214 square meters, which was permitted by Brisbane City Council to develop 28 residential units.
The size of Sherwood is approximately 2.4 square kilometres. It has 5 parks covering nearly 12% of total area. The population of Sherwood in 2011 was 4,997 people. By 2016 the population was 5,335 showing a population growth of 6.8%in the area during that time. In 2011, 62.3% of the homes in Sherwood were owner-occupied compared with 59.3% in 2016. Currently, the median sales price of houses in the area is $1,415,000.