Banks are generally very strict about lending to someone wanting to convert a residential property they own into a nursing home.
They need to meet all of the requirements under DoHA’s accreditation not to mention development application approvals.
Due to tragic natural disasters in the past few years, you’d be hard-pressed to build in areas deemed to be bushfire or flood prone.
On top of this, bank appetite is for strong operators who already have a proven track record.
The only rare exception to this is if you have significant equity and have a proven operator hired to trade up the facility.