LVR Queries - Residential Prop in Industrial Zone

[sydprop]

Hi all,

I am looking at a property that is in a light industrial zone (small section of a residential neighbourhood). It is a new townhouse with the ground floor apparently restricted to commercial activities (which is the council requirement). It is torrens title and reasonably new. A few of the other properties (there are a few) appear to be resi - which it is suited for.

Question is: Will I get a lender LVR of 85% no LMI from WBC? or 80% from ANZ? (current banks)

Cheers

 

[Rolf Latham]

Smells like a commercial deal to me

80 % will be a stretch at decent rates

ta
rolf

 

[Qlds007]

I am with Rolf.

To me it looks like a 80% max deal.

Certainly not one for Anz.

 

[sydprop]

Thanks guys - I had that feeling.

The other thing is that GST may be applicable - I am struggling to find much on whether this is payable if I am just an individual for private purposes or if there is a way out?