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Strata title properties can attract LVR restrictions based on floor area, complex size, and postcode. Apartments 50m²+ in standard density are treated as standard residential. Body corporate fees reduce borrowing power.
If the apartment is under 50m² or in a restricted postcode, yes — most lenders will cap at 70–80% LVR. Apartments 50m²+ in standard locations can get LVRs up to 90–95% like a house.
Yes — the First Home Guarantee allows 5% deposit with no LMI on strata apartments, subject to the property price cap, income tests, and the lender's minimum size requirements.
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