Releasing Equity Across Several Coogee Investment Units at Once

If you hold two or three Coogee apartments as investments, you don't have to pick one of them to borrow against, because a lender can take them all as combined security and measure the facility against their total value, which usually gets you more capital than any single unit could carry on its own, and it means you're not forced to sell the one that happens to have the most equity in it.

Key facts for Coogee (2034), 12 months to September 2026

• Four-bedroom house: $4.95 million. Three-bedroom: $3.2 million. Five-bedroom: $7.28 million.
• Two-bedroom apartment: $1,557,500 across 161 sales. Three-bedroom: $2.85 million. One-bedroom: $1,011,250.
• Apartments sell in 27 days at one bedroom, 39 at two, 61 at three.
• Clearance: 73% on three-bedroom houses, 71% four-bedroom, 65% two-bedroom units.
• 55% of Coogee's 15,219 residents rent, the highest in this series.

Can several properties be taken as one security position?

Yes, and it's a common structure. The facility is secured by mortgage over each of the properties, the debt is tested against their combined value rather than property by property, and we'll go to 75% of that on residential security, counting any existing bank loans and ours together, which is getting equity out without refinancing what's already there, just across more than one title. We write $500,000 to $7.5 million as a second mortgage or $1 million to $20 million as a first, over terms from 6 to 36 months.

This is business and investment lending only, so the borrower needs to be a company, a trust with a corporate trustee, an SMSF, or an individual where the loan isn't regulated by the National Credit Act, and the capital has to be going into a business or an investment rather than anything personal.

A worked Coogee example

Say a company holds three two-bedroom Coogee investment units, each worth about the $1,557,500 median, with $2.1 million of bank debt spread across them, and the directors need $1.3 million of working capital for the business.

At 72.8% that works, but there's only about $104,375 of room left before the cap, which in a strata market is thinner than it looks, because valuers assess each building as well as each unit and one of the three coming in light is enough to eat the lot. If you want a buffer, either ask for less or add a fourth property to the pool.

The exit is the part we'll want evidenced rather than described. Usually it's a refinance once the business has the figures a bank needs, or the sale of one of the three units, and if neither of those looks realistic inside the term then the honest answer is no.

How long would it take to sell in Coogee?

Coogee is one of the few eastern suburbs where Domain publishes real days on market, at 27 days for one-bedroom units, 39 for two-bedroom and 61 for three-bedroom, so if your exit is the sale of one apartment you're working with a reasonably predictable timetable, which is unusual around here.

Houses trade too rarely for a figure, though clearance held between 71% and 73%, and Sydney values fell 3.3% in the June 2026 quarter with a record 29.3% of auctions withdrawn, so even in a liquid segment it's worth writing twelve months rather than six and giving yourself the option of selling into a better month.

What actually settles here

Not one private mortgage settled against a Coogee property in the 90 days to August 2026, though thirteen settled across the eastern suburbs in that window at a median 75% LVR, ranging from $146,910 to $7,148,750, which tells you these facilities get sized to a particular situation rather than written off a product sheet.

Nationally there were 196 in the same 90 days, 82% of them secured by residential property at a median loan of $765,500, and 81 of the 196 were second mortgages rather than firsts, so a little over four in ten went in behind an existing lender rather than replacing it. On purpose, working capital accounted for 39 and business investment another 26, which between them is a third of everything written, and that's exactly what an equity release across a unit portfolio usually turns out to be once you look past the security structure.

What Vía Private lends on

What we will not do

We don't do consumer credit regulated by the National Credit Act, so if one of the properties is the home you live in and the money is for something personal, we're not the right lender. We don't fund construction or development, and we don't lend against vacant land or pre-DA sites. Beyond that, we won't lend where there's no credible exit, and we won't lend against a valuation we haven't tested ourselves, which in a strata market means testing the building and not just the apartment.

Questions people ask

Can I release equity across several Coogee investment units at once? Yes. Two or more properties can be taken together as combined security and the facility measured against their total value. Three two-bedroom units at the Coogee median represent about $4.67 million of security.

Do all the properties have to be unencumbered? No. Existing bank first mortgages can stay in place, with the new facility registered as a second mortgage behind them and the combined debt kept inside 75% of the total value. Each bank whose loan is being sat behind has to consent.

What if one property is worth much more than the others? It makes no difference to how the facility is sized, because the test is applied to the combined value. It can matter at the exit, since selling the strongest asset repays more of the debt than selling the weakest.

How long does it take to sell an apartment in Coogee? Domain records 27 days for one-bedroom units, 39 days for two-bedroom and 61 days for three-bedroom over the 12 months to September 2026, with clearance on two-bedroom units at 65%.

Does rental income matter? Less than it would at a bank. Short-term property-secured lending is assessed mainly on the security and the exit, and interest is commonly prepaid or capitalised rather than paid monthly from rent.

Getting a Coogee scenario looked at

Most of the scenarios we see come through accredited mortgage brokers, so if you're already working with one, send them this page and they can put it to us. If you'd rather come to us first, email begin@viaprivate.com.au with the properties, the amount you need, what it's for and how you plan to repay it.

Nearby: South Coogee · Clovelly · Bronte · North Bondi · Paddington

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Figures are indicative and for illustration only. Median values are Domain suburb data for the 12 months to September 2026. Market commentary is from the Domain House Price Report, June quarter 2026. Settlement counts are from a private lending panel covering 196 mortgages funded nationally in the 90 days to August 2026. Transfer duty is calculated at Revenue NSW 2026-27 rates. Vía Private lends to companies, trusts and SMSFs for business and investment purposes only and does not provide consumer credit regulated by the National Credit Act. This page is general information and does not take your objectives or circumstances into account. Last reviewed 13 September 2026.