Skip to main content

Property Types

The table below defines the list of accepted values within the Security.PropertyType parameter of the API request payload. This is a hierarchical list, allowing property types to be specified to up to three levels of granularity. This parameter is used to determine

PropertyType.Name
 PropertyType.Code
Residential Property ResidentialProperty   FreeHold Residential FreeHoldResidential   Terraced Housing TerracedHousing  
 
Fee Simple / Cross Lease FeeSimpleCrossLease  
 
Unit Title UnitTitle   Townhouse Townhouse   Lifestyle Block LifestyleBlock     0 to 10 ha 0to10ha     >10 ha over10ha   Leasehold Residential LeaseholdResidential Apartments Apartments   Freehold Apartment FreeholdApartment     >50sqm over50sqm     40-50sqm 40to50sqm     38-40sqm 38to40sqm     <38sqm under38sqm   Leasehold Apartment LeaseholdApartment   Serviced Apartment ServicedApartment   Student Accommodation StudentAccommodation   Bedsitter / Studio / Warehouse Apartments BedsitterStudioWarehouseApartments New Build / Construction NewBuildConstruction   Fixed Price Contracts FixedPriceContracts   Labour Only / Self (Owner) Build LabourOnlySelfOwnerBuild   Relocations Relocations Vacant Land VacantLand   Serviced Vacant Land ServicedVacantLand   Unserviced Vacant Land UnservicedVacantLand   Lifestyle without Dwelling LifestyleWithoutDwelling Other Other   Multiple dwellings on one title MultipleDwellingsOnOneTitle     3 dwellings 3Dwellings     4 dwellings 4Dwellings     5 dwellings 5Dwellings     6 dwellings 6Dwellings     7 or more dwellings 7OrMoreDwellings

The Code value should always be used to reference Property Types.

LVR

The property type is key in determining the applicable LVR rules for each lender – particularly their 'Maximum LVR'. The Security.PropertyType can be provided at any level of the above hierarchy, however more granular choices will yield more accurate results.

 

Proposed Changes

Some of the options in the above list are being used to capture property size more so than type. In a future release, those options will be removed from the Property Type list and will be re-introduced as dedicated parameters accepting more specific numerical values:

    Lifestyle Block – 'Land Size' (ha) Apartments – 'Floor Area' (sqm) Multiple Dwellings on One Title – 'Dwellings' (#)

     

    Back to top