Vertex Capital funds short-term property deals in Neutral Bay: bridging a purchase before a sale settles, unlocking equity with a second mortgage, or financing a development site. Property-secured, business-purpose lending with a letter of offer typically within 24 hours.
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Our view of Neutral Bay starts with settled sales data, not listing prices. The figures below come from NSW Valuer General records covering the last 12 months.
On a typical Neutral Bay unit at the current median of $1.29m, a first-mortgage facility at our 75% LVR guide supports borrowing up to around $967,500. Second mortgages run to 65% combined LVR and commercial security to 70%. Rates start at 9.7% p.a. with establishment fees from 1.65% — all business-purpose, secured by real property.
Typical scenarios: bridging a Neutral Bay purchase before an existing property settles, refinancing a maturing facility, releasing equity for business use, or settling an auction purchase the bank can't fund in time.
89 development applications were lodged in Neutral Bay over the last 24 months, with a combined estimated construction cost of $657.48m (NSW Planning Portal open data). The largest live applications right now:
| Site | Est. cost | Type | Status |
|---|---|---|---|
| 1 17 Lindsay Street Neutral Bay 2089 | $50.66m | Demolition | Under Assessment |
| 25 Thrupp Street Neutral Bay 2089 | $21.70m | Demolition | Additional Information Requested |
| 19 Barry Street Neutral Bay 2089 | $17.94m | Demolition | Additional Information Requested |
Site acquisitions, DA-approved land and residual stock in Neutral Bay are all fundable — development finance up to 65% LVR, with early exits allowed once presales or refinance land.
Up to 75% LVR on a first mortgage. With the Neutral Bay unit median at $1.29m over the last 12 months, that supports facilities up to around $967,500 on a typical property, subject to valuation.
A letter of offer typically issues within 24 hours of receiving the scenario, and settlement can occur in as little as 3 business days once valuation and legals are in place.
Rates from 9.7% p.a. and establishment fees from 1.65% of the facility. Interest is usually retained at settlement or capitalised, so there are no monthly repayments during the term.
Yes — Neutral Bay has had 89 DAs lodged in the last 24 months, and we lend against development sites, DA-approved land and residual stock at up to 65% LVR.
Send the security address, loan amount and exit — formal terms typically within 24 hours.