Some states in Australia allow people to include a finance clause when signing the contract for their vacant block of land. This clause is most frequent in cases when someone purchases a vacant land or an established home through a private treaty sale. Here, the clause “Subject to Finance” can be used.
The main reason for adding specific information like this clause is, to protect an investor against having to accept finance that isn’t right for him/her or their situation. So, if you happen to receive a pre-approval from your lender and they already know their interest rate, then this information too can be entered into the clause.