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CHANGE LOCATION
Box Hill South sits between Box Hill and Burwood, a settled residential pocket of post-war and interwar homes on generous blocks. It is quieter than the areas either side and holds a steady family market.
Box Hill South is a straightforward family market and the lending reflects that. Established houses, consistent stock, predictable valuations. The complications, when they arise, tend to be on the borrower’s side rather than the property’s.
Renovation and extension is the most common project. Homes here are generally solid but dated, and on blocks with room to work with, so adding rather than moving is frequently the better value option.
Because it borders both Box Hill and Burwood, buyers here are often comparing across three suburbs with quite different characteristics and price points. Establishing what your capacity reaches in each saves a good deal of time before you start inspecting.
Consistent housing stock and predictable valuations. The work is usually on the borrower side.
Solid homes on good blocks. Construction finance staged against the actual contract.
Box Hill, Burwood and here are quite different. We establish what your budget reaches in each.
Whatever stage you are at, there is a path through it. Pick the one that sounds like you.
Generally up to eighty per cent of the completed value without mortgage insurance, less what you currently owe. The key number is what the finished home will be worth rather than its value today. For most established owners here that leaves reasonable capacity.
For anything structural, almost certainly, and the lender will want to see approved plans before finalising a construction loan. Minor internal work may not require a permit but usually does not need construction finance either. Your builder or draftsperson can advise on what your specific scope requires.
Not always, and it is worth being realistic. Kitchens, bathrooms and adding functional space generally return well. High-end finishes and highly personal choices often do not. Lenders lend against the completed valuation rather than what you spent, so overcapitalising means you carry the difference.
Often it makes sense to do both together, since the lender is reassessing your position anyway. It gives you a chance to review the rate and structure rather than simply adding to an existing loan that may not be competitive. We would look at both as one exercise.
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.