Melbourne · VIC
Commercial Property Loans across Melbourne
Melbourne is a market of two stories — a recovering CBD office sector and an industrial belt running hot in the south-east and west. We bring lenders who understand both.
200+ lenders
On panel
25+ years
In commercial finance
ACL 502091
Australian Credit Licence
ABN 91 135 045 340
Registered broker
Sub-markets covered
25+
CBD, inner east, west, south-east industrial
CBD office LVR (A-grade)
50–60%
Tightened post-2023
Industrial LVR
65–70%
Strong tenant covenant
SMSF LRBA cap
70–75%
Standard commercial
Melbourne commercial debt, calibrated to the cycle.
Melbourne's commercial market behaves differently to Sydney's. Office vacancies in the CBD remain elevated post-pandemic, which has reshaped lender credit policy — particularly for B and C-grade towers. At the same time, industrial demand in Dandenong South, Truganina and the western corridor is among the strongest in the country.
We map deals to the lenders most willing to back them right now. For a tenanted industrial asset in Laverton North, that might be a Tier 1 bank competing on margin. For a Collins Street office with a value-add story, it's often a specialist non-bank with appetite for the strategy.
Our Melbourne client base spans Italian-Australian family business owners buying their long-leased warehouses, Hawthorn-based medical practices acquiring their consulting suites, and SMSFs structuring LRBAs over commercial assets across the inner east.
Property types we finance in Melbourne
From CBD office floors to suburban warehouses, we structure debt across every commercial asset class active in the Melbourne market.
CBD Office
A-grade prime in the Hoddle Grid remains financeable; B-grade requires specialist appetite and a clear leasing or repositioning story.
Inner-East Office & Medical
Hawthorn, Camberwell, Box Hill medical and professional suites — favourite asset class for SMSF and Lease Doc lenders.
South-East Industrial
Dandenong South, Keysborough, Hallam — the deepest industrial sub-market in Melbourne. Strong lender appetite for any tenanted product.
Western Industrial
Truganina, Laverton North, Derrimut — backed by port logistics. Speculative product harder; tenanted product strongly supported.
Strip Retail
Chapel Street, Bridge Road, Glenferrie Road, Lygon Street — single-tenant retail assessed on tenant strength, not strip reputation.
Development Sites
Townhouse and medium-density sites in growth corridors. Senior debt available to seasoned developers with pre-sales.
Lender appetite in Melbourne
A snapshot of how our panel of 200+ lenders currently view Melbourne scenarios. LVRs are indicative and depend on tenancy strength, location, and borrower profile.
| Scenario | Lender Appetite | Typical LVR | Notes |
|---|---|---|---|
| Dandenong South industrial, national tenant | Strong | 65–70% | Multiple banks competing hard for clean tenanted product. |
| Inner-east medical suite, long lease | Strong | 65–75% | Lease Doc and SMSF lenders particularly active here. |
| CBD A-grade office, blue-chip tenant | Moderate | 55–60% | Tightened from pre-2023 levels — pricing power has shifted. |
| Western industrial, speculative build | Moderate | 55–65% of TDC | Lender needs comfort on pre-leasing strategy. |
| Suburban retail, discretionary tenant | Selective | 50–60% | Banks discounted; non-bank route often required. |
| Townhouse development, 6–10 units | Moderate | 65–70% of TDC | Seasoned developer with 100% debt cover via pre-sales. |
Recent Melbourne borrower scenarios
$3.6M owner-occupier warehouse — Dandenong South
Family-owned manufacturing business acquiring its leased premises after 14 years as a tenant. Full Doc at 75% LVR (owner-occupier loading), with a Tier 2 bank offering a sharp 3-year fixed rate.
$1.8M SMSF medical suite — Hawthorn
Specialist medical practice acquiring its rooms inside the practitioners' SMSF. LRBA-compliant at 70% LVR — rent paid by the operating company becomes deductible while building wealth in super.
$12M industrial portfolio refinance — Truganina
Investor consolidating three tenanted industrial assets onto a single Lease Doc facility at 65% LVR, freeing $1.4M in equity to fund the next acquisition.
$5.5M CBD office repositioning
Boutique investor acquiring a half-vacant B-grade Collins Street floor with a 24-month leasing strategy. Specialist non-bank funded at 55% LVR with an interest-only honeymoon during repositioning.
Local market context
- Victoria's land tax regime is the highest in Australia — commercial investors should model the holding cost carefully when sizing borrowing capacity.
- Stamp duty in VIC runs 5.5–6.5% on commercial purchases, plus additional foreign-purchaser surcharges where applicable.
- Melbourne CBD office vacancy remains elevated, which has compressed lender LVRs but also created acquisition opportunities for cashed-up buyers with longer time horizons.
- Industrial supply in Truganina and Tarneit is being absorbed faster than it can be delivered — this has reignited speculative funding appetite for the right developers.
- Several non-bank lenders now offer same-day indicative offers for clean Melbourne metro deals — useful for competitive auction or off-market scenarios.
Melbourne commercial loan FAQs
Ready to fund your next Melbourne commercial property?
Tell us about the deal and we'll match you with the right lender from our panel of 200+. No obligation, no impact on your credit file.