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Development finance

Development finance in Victoria

Development finance can support land acquisition and construction through a property-secured facility and staged advances. Check the title and tenure, acquisition taxes, equity contribution, drawdown conditions and cost to complete. Planning, finance and sale milestones remain separate, and an expected completed value is not evidence that the project can repay.

Last reviewed 19 October 2026. General information only, not financial, legal or tax advice. Privet is not a lender, broker or adviser. Titles in Victoria are registered by Land Use Victoria.

The Victorian title register

Victorian land is registered under the Transfer of Land Act 1958, and the Registrar of Titles maintains the register through Land Use Victoria. A register search statement shows the registered proprietor and recorded interests such as mortgages, caveats, covenants, easements and section 173 agreements. Victoria has moved most dealings to electronic lodgement, so mortgages, discharges and caveats are generally lodged online by a lawyer or conveyancer.

Ask your adviser for a current search statement and the title plan for every property offered as security. Covenants and planning agreements can limit what may be built or how a property may be used, which matters to a lender's valuation and to your exit if you plan to sell or develop.

Land tax and duty in Victoria

The State Revenue Office Victoria administers land transfer duty and land tax. Victorian land tax is assessed on the land you own at midnight on 31 December each year, with your principal place of residence generally exempt. Investment, vacant and commercial land held as security, or kept during a bridging overlap that crosses 31 December, can therefore attract land tax for the following year. Victoria has also introduced a commercial and industrial property tax for qualifying properties that change hands from 1 July 2024, so ask how that affects a commercial purchase or sale.

If the loan helps you buy property, land transfer duty applies to the purchase. See the Victorian stamp duty page for an indicative estimate and its limitations.

Melbourne and regional Victoria

Melbourne dominates the state's property market, with large regional cities in Geelong, Ballarat and Bendigo. Lenders may value smaller towns and farm or lifestyle properties more cautiously because buyers can be fewer. For the capital, see private lenders in Melbourne.

Two Victorian illustrations

Example only, not a real client. A Melbourne couple plans to replace a bank loan on a rental property with a short private first mortgage before selling. Their conveyancer obtains the search statement, the payout figure and advice on whether holding the rental past 31 December affects their next land tax assessment.

Example only, not a real client. A Geelong developer reviews a site with a section 173 agreement recorded on title. The lawyer obtains the agreement and explains its conditions before the developer relies on a feasibility or finance proposal. Neither example suggests that a lender would accept the security.

Development checks specific to Victoria

For a Victoria project, obtain the title and every referenced plan or dealing from the Victorian Registrar of Titles before the finance documents are settled. Budget acquisition duty and annual holding costs with the State Revenue Office Victoria separately from construction costs, and keep the planning approval, building contract and finance proposal as distinct pieces of evidence.

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