There is no fixed line, but lending above roughly two million is generally handled outside standard policy. Applications are assessed individually rather than by automated scoring, and they usually go to a lender's credit team directly.

Lending ratios tighten as the amount rises. Where 80% is routine on a standard loan, prestige lending often steps down at higher price points, and Lenders Mortgage Insurance becomes harder to obtain at scale.

In Logan the prestige end concentrates around the acreage and larger family holdings in Cornubia, Chambers Flat, Logan Village and Greenbank rather than in unit stock, and rural or acreage zoning brings its own policy questions.

Pricing is negotiated rather than published at this level, which means how the application is presented affects the rate. Call 1800 774 756.

Valuation is the most common obstacle. High-value properties have fewer comparable sales, so valuers work with less evidence and tend toward caution, and a conservative figure changes the deposit required at short notice.

Acreage adds a second layer. Land size limits apply at most lenders, often around a defined number of hectares, beyond which the property is treated as rural rather than residential with lower lending ratios and a narrower field of lenders.

Unusual features work against you as well. A property with substantial improvements that will not be reflected in a sale price, or with limited market appeal, is valued on what it would realistically fetch rather than what was spent on it.

We order valuations early through lenders whose panel suits the property type, rather than discovering the problem at approval.

Complex income is the norm at this level rather than the exception, and it is where the lender choice matters most. Company profits, trust distributions, dividends, share schemes and multiple entities all need presenting in a form the lender can assess.

Trust structures cause the most variation. Some lenders assess distributions readily, others want the full trust financials and treat retained profits differently, and a few decline certain structures entirely.

Where income comes from a business you control, the assessment overlaps with commercial lending, and add-backs apply in the same way they do for any self-employed applicant.

These files reward preparation heavily. A well-packaged submission with the accountant engaged early tends to price better than the same figures lodged raw. See the business owners page.

Usually yes, and the gap is wider than at standard loan sizes. Because prestige pricing is negotiated rather than advertised, the first number offered is rarely the best one available, and lenders compete harder for these files than for standard lending.

On a large balance a small rate difference is a significant annual sum, so the exercise is worth doing properly rather than accepting an existing banking relationship by default.

Structure matters as much as rate at this level. Splits, offset arrangements across multiple accounts, and interest-only periods on investment portions all affect the real cost, and the cheapest headline rate is not always the best overall structure.

We take prestige submissions to several lenders to create genuine competition rather than working a single relationship. Book a confidential chat.