Loan to Value Ratios

Details

Security	LVR
Vacant land - commercial Vacant land - residential Residential land to be subdivided	50% 80% 50%
Development properties	The land LVR of 50% applies unless certain conditions are met. Note: Conditions regarding application of higher margins to development properties essentially relate to levels of pre-leasing or pre-sales. These vary depending on whether the development is residential, industrial, retail or for office presmises. If conditions are met: For credit facilities over $250,000, up to 70% of "as if complete"
Completed commercial developments	For credit facilities over $250,000, up to 70% of "as if complete"
Residential dwelling	80%
Rural residential properties larger than 0.5 hectares are generally considered 'rural	Classified as a dwelling (not income producing): If conditions are met 80% If conditions are not met: 50% Classified as a farm (income producing) Valuer General's valuation: Up to 70% Other valuation and some lease types: 60%
Going concerns - Base security LVR (must meet certain criteria and the position will be reviewed annually)	Leasehold tenure up to 50% Freehold tenure up to 70% Pharmacies 80%
Going concerns - Other conditions/policy	Some types of enterprise may be subject to other specialised conditions/policy
Registered Company Charge, Bill of Sale & Equitable Mortgage	Lending margin for assets secured by either a Registered Company Charge or Bill of Sale and Equitable Mortgage Base: 20%
Receivables	Domestic receivables: 80%
LVRs against other business assets	Aircraft: Nil Delivery Runs: Nil Gaming Machine Licences: Nil Liquor Licences: Nil Goodwill (professional practice): 100% Ships: 40% Taxi Cab licences: 20% - 50% Hire Car Plates: 20%
Rent rolls	40% (subject to various conditions)
Management rights	Up to 70% against the valuation of the Management Rights and the Managers Residence (subject to various conditions)
Guarantees	100% (from financial institutions)
Shares (listed on ASX)	50%