Private Lender Perth

Private Credit Loans is operated by Andorra Capital Solutions Pty Ltd (ACN 675 464 623 / ABN 32 675 464 623). We arrange property-secured business-purpose loans for Pty Ltd and entity borrowers across Perth and Western Australia through a panel of non-bank lenders and private investors who understand WA's unique market dynamics.

Perth's Resource-Linked Property Market

Perth's property market is unlike any other Australian capital. Its cycles are inextricably linked to the resource sector — the iron ore, lithium, gold, and LNG industries that drive Western Australia's economy. When commodity prices are strong and mining investment is flowing, Perth experiences rapid population growth, skills shortages, and a compression of both residential and commercial vacancy rates. When the cycle turns, capital retreats and property values can soften faster than in the more diversified eastern-seaboard markets. For entity borrowers, this cyclicality creates both opportunity and risk: acquisition prices during softer phases can deliver exceptional entry points, but lenders must be comfortable with the asset's residual value through a full cycle.

The Perth CBD commercial market has been through a prolonged period of elevated vacancy following the end of the last major mining construction boom. Office towers along St Georges Terrace, Hay Street, and the Elizabeth Quay precinct experienced vacancy rates that peaked above 20 per cent, and while conditions have since tightened, secondary-grade office stock continues to trade at discounts to replacement cost. This dynamic creates opportunities for entity borrowers acquiring undervalued commercial buildings for repositioning, conversion to alternative uses (including residential conversion under the WA Government's planning incentives), or long-term hold strategies timed to the next upswing. We arrange first mortgages against these assets where the borrower can demonstrate a credible repositioning plan and exit strategy.

North of the river, the northern suburbs corridor from Joondalup through to Two Rocks and Yanchep has experienced significant greenfield residential development. Entity borrowers in this corridor are predominantly subdivision developers acquiring broad-acre land, pursuing rezoning and structure-plan approval through the WA Planning Commission, and then delivering serviced lots for sale to builders and individual buyers. South of the river, the Rockingham-to-Mandurah corridor and the emerging development areas around Baldivis and Wellard present similar opportunities. The scale of WA subdivision projects — often involving hundreds of lots across multiple stages — means that the funding requirements can be substantial, and private first mortgage facilities are commonly used to fund the land acquisition and early-stage holding costs before a mainstream development bank will engage.

Perth's industrial and commercial property outside the CBD is concentrated in the Kewdale-Welshpool logistics precinct, the Henderson and Naval Base marine-services hub, and the Malaga-Wangara light-industrial corridor. Entity borrowers acquiring assets in these precincts for owner-occupation, redevelopment, or lease-up strategies regularly need fast settlement finance that mainstream banks cannot deliver within the vendor's required timeframe. We arrange first mortgages and, where appropriate, second mortgages against industrial and commercial security in these established Perth industrial precincts.

Western Australia-Specific Regulatory Considerations

Entity borrowers transacting on Western Australian property should be aware of several state-level factors:

• —WA's unique settlement process. Western Australia has historically operated a paper-based settlement process through Landgate, although the transition to PEXA electronic settlement is now well advanced for most standard mortgage transactions. However, some complex transactions — particularly those involving caveats, priority notices, and multi-party settlements — may still require manual processing through Landgate. PEXA settlement timelines in WA can differ from the eastern states due to the three-hour time difference with Sydney and Melbourne, which compresses the available window for same-day PEXA lodgement. Our panel solicitors in Perth are experienced in managing these timing constraints and coordinate with our Sydney office to ensure settlement-day funds flow is executed within WA business hours.
• —WA transfer duty. The WA Department of Finance administers transfer duty on property acquisitions. Entity borrowers acquiring commercial or residential investment property in WA pay ad valorem duty on the dutiable value, with a rate schedule that differs from the eastern states. WA also applies a foreign buyers surcharge (currently 7 per cent) on residential property acquisitions by foreign persons, including foreign-controlled entities. The landholder duty provisions in WA's Duties Act 2008 can also apply where there is a change of control in an entity that holds WA land above the threshold value.
• —WA land tax. The WA Office of State Revenue assesses land tax on the unimproved value of all taxable land held by an entity as at 30 June each year (note: WA uses a 30 June assessment date, unlike the 31 December date used by most eastern states). Entity borrowers acquiring property in the second half of the financial year should budget for the land tax liability that may crystallise on the very next assessment date. Trusts are subject to a higher surcharge rate unless they meet the requirements for a "compliant" trust.

Resource Sector Working Capital Needs

Western Australia's resource sector generates demand for property-secured business finance that is distinct from the development and investment lending typical in the eastern states. Mining services companies, drilling contractors, and logistics operators frequently own commercial or industrial property in Perth and regional WA that serves as their operational base. When these entities need working capital — to fund equipment purchases, meet contract mobilisation costs, or bridge a gap between invoice issuance and payment on a major project — a second mortgage against their existing commercial property can be the fastest path to capital. The entity retains its existing first mortgage (often with a mainstream bank on favourable terms) and accesses additional capital through a private second mortgage arranged through our panel, without refinancing the entire facility.

We also see demand from entity borrowers in regional WA — Karratha, Port Hedland, Geraldton, Kalgoorlie, and Bunbury — where property values can be volatile but where a well-secured first mortgage against a leased commercial asset with a resource-sector tenant can represent a sound lending proposition for our panel. Regional WA lending is assessed on a case-by-case basis, with particular attention to the depth of the local resale market, the quality and term of any existing lease, and the borrower's overall financial position.

Perth Scenario — Anonymised

Loan Products We Arrange for Perth Borrowers

Every loan we arrange is a business-purpose facility to an entity borrower, secured by Australian real property. Our four core product categories for Perth and WA borrowers are:

• —First Mortgage Loans — registered first mortgages for acquisition, bridging, and refinance of commercial, industrial, and residential investment property across Perth and regional WA.
• —Second Mortgage Loans — registered second mortgages behind an existing first lender, commonly used by Perth resource-sector entities unlocking equity in commercial property for working capital or equipment purchases.
• —Construction Finance Without Presales — progress-draw construction facilities for Perth developers building townhouses, grouped dwellings, and small apartment projects who prefer to sell on completion, particularly relevant in the inner-city suburbs of Scarborough, Innaloo, and Karrinyup where medium-density infill is concentrated.
• —Renovation & Flip Finance — short-term facilities for entity borrowers acquiring and renovating older housing stock in Perth's established suburbs, including the character-home precincts of Mount Lawley, Leederville, Subiaco, and Claremont where renovation can unlock substantial value uplift.

Not sure which structure fits your WA transaction? View real-world scenarios or start an enquiry and we will match your deal to the right panel lender.

Western Australian Coverage & Panel Reach

While our registered office is in Sydney, our panel of lenders includes funders with specific appetite for Western Australian security. We work with Perth-based valuers, solicitors, and settlement agents who handle on-the-ground execution. Our panel's geographic coverage includes metropolitan Perth, the south-west (Bunbury, Busselton, Margaret River), and major regional centres in the Pilbara and Goldfields, subject to valuation and credit assessment. For regional WA assets, the depth of the local resale market and the quality of any existing tenancy are key factors in the panel's credit appetite.

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