How Do I Get a Loan to Flip a House in Australia?

An investor in Sydney recently used a combination of equity release and private lending to fund a full property flip on the Central Coast. The project was completed within a 10-month loan term using $1.21M in non-bank funding.

Flipping property is a proven way to build short-term profits, but it requires more than just renovation skills. You need capital. Fast. And traditional banks often aren’t equipped to help flippers act quickly.

That’s why experienced investors turn to private lending. It’s fast, flexible, and focused on asset value, not just income or credit scores.

In this article, we break down a real deal funded through non-bank finance, and show you how to use equity and strategic structuring to fund your next flip project.

Deal Overview

• Location of equity property: Seven Hills, NSW

• Location of flip: Central Coast, NSW

• Equity accessed: 70% of the Seven Hills property

• Acquisition funding: 70% LVR of the Central Coast purchase

• Total loan amount: $1.21 million

• Gross interest rate: 14% per annum

• Loan term: 10 months

This flip was funded entirely through structured private lending, with two loans, one against the existing property and one against the flip site, covering both acquisition and renovation costs.

Why Private Lending is Ideal for a loan to flip a House in Australia

1. Use Existing Equity for Fast Capital

The investor accessed equity from a property they already owned in Seven Hills. Through private lending, they unlocked 70% of the property's value without a full bank refinance.

This capital funded the purchase of the new project, avoiding delays and preserving their existing mortgage.

Learn more about private lending for property investors.

2. Fast Turnaround & Flexible Terms

Private lenders move quickly. In this case, approvals were secured in days, not weeks.

Key advantages include:

• Approvals based on asset value, not credit score

• Short loan terms (perfect for 6–12 month flips)

• Interest-only repayments to reduce cash flow strain during the project

This is especially useful for investors flipping houses, where timing can make or break the deal.

Explore short-term property loans.

3. Second Loan Secured for Renovations

After the Central Coast property was secured, a second facility again at 70% LVR was drawn against the new asset to cover the renovation phase.

This allowed the investor to complete the flip without using personal funds or external credit.

Learn how to fund renovation projects with private loans.

Financial Breakdown

Key Metric	Value
Estimated Value (Seven Hills)	$1,190,000 (Desktop Valuation)
Initial Loan (70% of Seven Hills)	$611,000
Purchase Price (Central Coast)	$940,000
Second Loan (70% of Central Coast)	$663,000
Total Private Lending	$1.21 million
Gross Interest Rate	14% per annum
Loan Term	10 months
Estimated Interest Cost	Approximately $141,000

Figures are indicative and based on available deal data.

The Power of Structured Non-Bank Lending

This investor used a two-tier funding approach:

1. Equity release from existing property to fund the deposit and part of the acquisition.

2. Second secured loan against the new project site to cover the remaining purchase cost and full renovation expenses.

This structure allowed them to fund the entire deal without out-of-pocket expenses, reduce financial risk, and execute quickly.

Want to know if your property has usable equity? Book a funding strategy session.

How to Finance Your Own House Flip

Thinking about flipping your first or next property? Here’s the recommended process:

Step 1: Value Your Existing Property

If you already own property, this can be used as security. A quick valuation will determine how much capital you can access.

Step 2: Speak with a Non-Bank Lending Specialist

Not all brokers understand private funding. Innovate Funding specialises in house flipping finance, structured to support short-term renovation projects.

Meet our team or contact us.

Step 3: Present a Clear Project Plan

Lenders need to understand:

• Purchase price

• Renovation costs

• Timeline

• Projected end value

• Exit strategy (usually resale)

Explore our current case studies for inspiration.

Is House Flipping Still Profitable in 2025?

Yes, particularly in outer metro and regional markets where buyer demand is strong and updated properties are in short supply. The key is speed. Banks are slow and inflexible. But with private lending, you can move on opportunities quickly and manage cash flow during renovations.

This case shows how an investor received a loan to flip a house in Australia flipped a Central Coast property using $1.21M in structured finance all from existing property equity.

FAQs About Funding House Flips in Australia

How much can I borrow to flip a house?

Private lenders will typically lend up to 70% of the property value (LVR), sometimes higher with strong security or low-risk deals.

Can I use one property to fund another?

Yes. If you own a property, you can access its equity through a private lender and use that capital to fund a new purchase or project.

Learn more about equity release options.

How fast can I get approved?

Private loans are usually approved within 48–72 hours, depending on the complexity and security offered. Funding can often be settled within a week.

Do I need full financials?

No. Most private lenders focus on the deal and the asset, not your income or credit score. That’s what makes it ideal for fast-moving projects like flips.

What happens if I can’t sell the property in time?

Most lenders will assess your exit strategy during approval. Extensions may be available, or you may refinance into a longer-term facility. Speak with your broker early if delays occur.

Can I get a private loan to flip a house in Australia?

Yes, you can get a private loan to flip a house in Australia even if the property is owned in a trust. As long as the trust deed allows borrowing and the trustee signs the loan documents, private lenders are usually comfortable lending against trust-held properties.