Home loans are offered to those who want to purchase a residential property. Melbourne has seen a rise in property prices year-over-year. So, with home loans, buyers can enter the real estate market with a smaller down payment. According to the Australian Bureau of Statistics, $5.2 billion in home loans are issued to owner-occupiers (including first home buyers loans in Melbourne)
Commercial loans are offered to business owners or investors who want to invest in offices or retail spaces to generate income. Obtaining these loans is very complicated and involves a higher risk.