Our Process

The MCMF operates on the following basis

(a) funds received from investors are pooled and either lent to borrowers or invested in at call or
term deposit accounts with banks, credit unions and building societies;

(b) loans to borrowers are interest only loans which require interest to be paid quarterly in arrears and principal to be repaid on demand by the Murdoch Clarke Mortgage Fund;

(c) funds lent to borrowers are secured by registered first mortgages over real property (i.e. land which is either vacant or built on);

(d) loans are only approved on the basis of valuations of real property offered as security obtained from registered valuers or on the basis of government valuations;

(e) the proportion that the amount of a loan bears to the value of a property by which it is secured (i.e. loan to valuation ratio) does not generally exceed a specified percentage which is fixed by reference to the nature of the property (i.e. whether the property is urban residential, rural residential, commercial, farming or a hotel);

(f) as part of the loan approval process the financial position of each applicant borrower and their capacity to pay interest is assessed;

(g) the income of the Murdoch Clarke Mortgage Fund comes from interest payable by mortgage loan borrowers and interest earned on money invested with banks, credit unions and building societies;

(h) distributions are made to investors out of the income of the Murdoch Clarke Mortgage Fund on a quarterly basis (for the three month periods ending on 31st March, 30th June, 30th September and 31st December in each year);

(i) investors in the Murdoch Clarke Mortgage Fund do not have an interest in particular mortgage loans, but have an interest in the assets of the Murdoch Clarke Mortgage Fund as a whole;

(j) requests for withdrawal of funds invested will generally be met within seven days – the matters which may impact on the ability of an investor to withdraw funds are discussed in the Product Disclosure Statement; and

(k) the Murdoch Clarke Mortgage Fund does not borrow or invest in the sharemarket.


How to invest

Making an investment should be easy, so here at MCMF we make ourselves available throughout the entire process for any questions you might have.

Application form and identification check

To invest in the Murdoch Clarke Mortgage Fund:

1 Read the Product disclosure statement (PDS)

2 Complete the application  

3 Send or take the application and your cheque to Murdoch Clarke (from the offices of which Murdoch Clarke Mortgage Management Limited operates the Murdoch Clarke Mortgage Fund).

Upon acceptance of your application an account will be established for you and the balance of the account will be the amount received with your application. The initial value of your interest in the Fund will be the amount received with your application. There are no application fees.

The Responsible Entity intends to issue interests in the Murdoch Clarke Mortgage Fund daily.

Additional investment facility 

After your initial investment, you can make additional investments in the Murdoch Clarke Mortgage Fund without completing an application form issued with a current PDS. When making additional investments, you should refer to the current PDS and any Supplementary PDS and any additional disclosure information provided.

To make an additional investment, call into Murdoch Clarke or send a letter with your account number and your cheque to Murdoch Clarke.

Minimum investment 

The minimum investment is $100.

The minimum additional investment amount is $100.