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Teneriffe is located on the Brisbane River between New Farm and Newstead. Situated close to the Brisbane CBD and being right on the river means that Teneriffe is a desirable - and therefore expensive - area to live. The area is characterised by the many woolstores and warehouses which have been converted into stylish and upmarket apartment complexes.
Until recently, many lenders frowned upon converted warehouses and woolstores, and would either refuse to lend against them, or would impose greater restrictions on loan amounts and loan-to-value ratios (LVRs). Thankfully we know which lenders offer the best products for these types of properties and can provide the solution you've been looking for.
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