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Panton Hill is a small green wedge village north east of Eltham, surrounded by bush and acreage. There is a pub, a general store and not a great deal else, which is precisely the appeal for the people who live here.
This is genuine green wedge territory, and the lending reflects that. Most properties sit on substantial land, frequently well beyond what mainstream lenders treat as ordinary residential. That means a smaller pool of lenders and generally a larger deposit requirement than a comparable suburban purchase.
Because so few properties trade here, valuations are inherently less certain. A valuer working on a bush property of several hectares with an individually designed home has limited comparable evidence to draw on, and outcomes vary more widely as a result. We build that into expectations rather than treating a strong appraisal as a guaranteed number.
Bushfire overlays are near universal here, and insurance is a real cost and occasionally a real constraint. It needs to be established early.
Substantial land narrows the lender pool and usually means a larger deposit. Worth knowing before you fall for a property.
Very few comparables out here. We plan for the valuation to land somewhere other than the appraisal.
Overlay cover can be expensive and occasionally unavailable. Establish it early, not in settlement week.
Whatever stage you are at, there is a path through it. Pick the one that sounds like you.
Typically more than for a suburban home. Where a standard purchase might proceed at eighty per cent or higher, larger rural-residential holdings frequently cap at sixty to eighty per cent depending on the lender and the land size. On a property of several hectares, expect to plan for a deposit at the larger end of that range.
Fewer than in the suburbs, but there are always options. The major banks vary in appetite, and several second tier lenders are comfortable with lifestyle and rural-residential properties. Because the differences are significant and not published clearly, this is exactly where having someone check across lenders saves you time and disappointment.
Often yes. If you own the land outright or have equity in it, that equity can form part or all of your contribution toward a construction loan. The lender assesses the finished value against the total cost. In overlay areas, factor in the compliant construction requirements when costing the build.
Not distance itself, but population density can. Some lenders apply different maximum loan to value ratios in areas they classify as regional or low density. Panton Hill sits at the edge of metropolitan classifications for some lenders, so it is worth confirming rather than assuming metropolitan treatment.
Book a free consultation and we will walk you through your options, what you can borrow, and what it will cost.
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Lydian Financial Services Victoria
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Copyright © LYDIAN FINANCIAL SERVICES PTY LTD 2026. All Right Reserved.