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Victoria | Lydian platform, delivered in partnership with Clark Finance Group
CHANGE LOCATION
Greensborough is where our office sits, so this is home ground. It is a suburb of big post-war blocks, newer townhouse infill, and a town centre anchored by the Plaza and WaterMarc. Buyers here range from first home buyers priced out of the inner north to families upsizing and older owners looking at what their land is worth.
The single biggest finance conversation in Greensborough is land. A great many homes here sit on blocks of 700 square metres or more, and owners who bought decades ago are now sitting on something a developer would like. Whether that means subdividing, building a second dwelling at the rear, or simply selling, the lending is different in each case and the order you do things in matters a great deal.
At the other end, Greensborough is one of the last places on the Hurstbridge line where a first home buyer has a realistic shot at a house rather than an apartment. That brings the government schemes into play, and it brings family guarantees into play, because parents in this part of Banyule often have the equity to help.
We also see a lot of construction and renovation lending. Knocking down a tired brick veneer and rebuilding, or extending to take a growing family, is common here. Those are staged drawdowns rather than a single settlement, and the lender you want for a construction loan is frequently not the one you would pick for a straight purchase.
Large blocks are the local currency. We look at what the land can carry and how to fund it without over-committing before council has had its say.
One of the few spots where a house is still within reach. We map the schemes, the deposit gap and whether a guarantee makes sense.
Staged construction finance rather than a lump sum, with the builder’s contract and lender requirements lined up before you sign.
Whatever stage you are at, there is a path through it. Pick the one that sounds like you.
Usually yes, though it is treated differently to a standard home loan. Lenders look at the planning permit, the projected end value and your capacity to service the debt while the work is underway. A small two lot subdivision is often handled as a construction loan; anything larger starts to look like development finance with different terms. It is worth getting the funding structure agreed before you lodge with council.
It remains one of the more achievable suburbs on this line for a house rather than an apartment, though it has moved a long way. Whether it works comes down to your deposit and borrowing capacity rather than the suburb itself. The first home buyer schemes apply here, and we can tell you quickly whether you qualify and what price bracket that puts you in.
The lender advances funds in stages as the build progresses, typically at slab, frame, lock-up, fit-out and completion, and you pay interest only on what has been drawn. You will need a fixed price building contract and council approved plans before it is formally approved. Getting your borrowing capacity confirmed before you sign with a builder saves a lot of trouble.
Not unless you want to. Our office is in Greensborough and plenty of local clients do drop in, but everything can be handled over the phone and online if that suits you better. Either way the first conversation is a free consultation.
Book a free consultation and we will walk you through your options, what you can borrow, and what it will cost.
Book a free consultation
Serving clients across Australia.
Authorised Representative no. 525 778
Specialist Financial Group Australian Credit Licence no. 387025
Lydian Financial Services Victoria
Suite 1/103 Grimshaw Street, Greensborough VIC 3088, Australia
Level 12, 15 Collins Street Melbourne VIC 3000, Australia
Copyright © LYDIAN FINANCIAL SERVICES PTY LTD 2026. All Right Reserved.