Victoria
Private lenders in Mildura and Sunraysia
How private property loans work in Mildura and Sunraysia, what they cost and how to compare them safely.
Quick answer
Private lenders in Mildura and Sunraysia offer short-term loans secured by property, judged mainly on the security and your exit plan. They cost more than banks, so compare the total cost, fees and exit before you commit.
The local picture
Mildura is the main city of Sunraysia in Victoria's far north-west. Homes, irrigated horticulture blocks and commercial premises are common security.
Sunraysia grows grapes, citrus, almonds and vegetables on irrigated land along the Murray River. Water entitlements are separate from the title and strongly affect value. Because the market is remote, lenders may take longer to value and test the exit closely. Titles are recorded with the Victorian Registrar of Titles and land tax is assessed by the State Revenue Office on land owned at 31 December.
Title, duty and tax in Victoria
Loans secured on property in Mildura and Sunraysia are recorded with Land Use Victoria. If you are buying, State Revenue Office Victoria charges land transfer duty; see VIC land transfer duty.
Loan types in Victoria
What it costs
Expect interest plus establishment, valuation and legal fees, and sometimes prepaid interest. Use the loan cost calculator to see the full cost of any offer.
Common questions
How do private lenders work in Mildura and Sunraysia?
They lend short term against property, judging mainly the security and your repayment plan. The loan is recorded on the title with Land Use Victoria.
How do I check a lender in Mildura and Sunraysia is legitimate?
Check the business on ASIC registers and ABN Lookup, avoid large upfront fees before a written offer, and have your own lawyer review the documents.
Do I need an exit plan?
Yes. Most private loans are short term, so lenders want a clear way to repay, such as a sale or refinance, plus a backup.
Also in Victoria: Melbourne, Geelong, Ballarat, Bendigo, Mornington Peninsula, Shepparton and the Goulburn Valley, Warrnambool and the Great Ocean Road, Latrobe Valley and Gippsland, Wodonga. All regions.