Second Mortgage in Melbourne

Unlock Equity with a Second Mortgage in Melbourne

Melbourne’s property and business markets are highly competitive, and timing is everything. Whether you are a developer in Southbank, an investor in St Kilda, or a business owner in the CBD, waiting months for bank approval can mean missing critical opportunities.

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A second mortgage allows you to access equity from an existing property that already has a first mortgage in place. Innovate Funding specialises in arranging second mortgages across Melbourne, helping borrowers secure quick, flexible finance when the banks cannot deliver.

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Why Choose a Second Mortgage in Melbourne?

• Loan amounts from $100,000 to $5M+

• LVRs up to 65–70% combined (first + second mortgages)

• Approvals and settlements typically within 3–7 business days

• Business-purpose loans that are NCCP-exempt

• Suitable for development, refinancing, bridging, or business cash flow

Unlike traditional lenders, Innovate Funding provides flexible solutions tailored to Melbourne borrowers who need speed and adaptability.

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The Melbourne Lending Market in 2025

• Inner-City Hotspots: Southbank, Docklands, and the CBD are experiencing constant development activity.

• Eastern Suburbs: Kew, Camberwell, and Box Hill remain strong for residential investments and refinancing.

• Western Growth Corridors: Sunshine, Werribee, and Melton are attracting developers and SMEs needing short-term finance.

• Regional Victoria: Geelong and Ballarat are expanding, with demand for private lending solutions growing.

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Scenarios in Melbourne

• Developer in Southbank: Required $900,000 in second mortgage funding to complete a high-rise apartment project. Innovate Funding settled within 5 business days, keeping the project on schedule.

• Investor in St Kilda: Accessed $350,000 via a second mortgage secured against an investment unit, using equity to fund a townhouse development in Caulfield.

• Business Owner in Melbourne CBD: Secured $200,000 through a second mortgage to bridge cash flow while waiting for invoice payments from major clients.

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Areas We Cover Across Melbourne

Our second mortgage solutions are available across Greater Melbourne, including:

• Inner City: Melbourne CBD, Southbank, Docklands

• Eastern Suburbs: Kew, Camberwell, Box Hill, Doncaster

• Western Suburbs: Footscray, Sunshine, Werribee, Melton

• Northern Suburbs: Brunswick, Preston, Epping

• Southern Suburbs: St Kilda, Caulfield, Brighton, Frankston

• Regional Hubs: Geelong, Ballarat, Bendigo

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Frequently Asked Questions

What is a second mortgage in Melbourne?
A second mortgage is a loan secured against a property that already has a first mortgage, allowing borrowers to access equity without refinancing.

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How quickly can I get a second mortgage in Melbourne?
Most Innovate Funding second mortgages are approved and settled within 3–7 business days.

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What can a second mortgage be used for?
Common uses include property development, business cash flow, bridging finance, and refinancing.

 

How much can I borrow with a second mortgage in Melbourne?
Loan sizes range from $100,000 to $5M+, depending on equity available.

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Does a second mortgage affect my first mortgage?
No. The first mortgage remains unchanged. The second mortgage is simply registered behind it.

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Apply for a Second Mortgage in Melbourne

If you need fast access to equity in Melbourne, Innovate Funding can help. Our second mortgage solutions are tailored for local investors, developers, and business owners who need finance without the delays of traditional banks.

 

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Contact Innovate Funding today to discuss your options with a Melbourne lending specialist.