How to find a mortgage broker in Bunbury

Information verified correct on December 11th, 2016

With help from a professional mortgage broker, you can find a competitive home loan to buy property in Bunbury.Mortgage Broker Bunbury Feature

The city of Bunbury is roughly 180km south of the Western Australia capital, Perth, and it’s the state’s third largest city. Seen as the hub of WA’s south-west region, Bunbury boasts spectacular coastal scenery, a relaxed lifestyle and all the shopping, dining and entertainment options you’d expect in a growing regional city.

If you’re looking for a mortgage broker to help you find the right home loan to buy property in Bunbury, compare a range of different brokerage services before selecting one.

Which brokers operate in or have offices in Bunbury?

Broker Details No. of Lenders
Aussie Home Loans Details and Application
Aussie Home Loans

Aussie is one of Australia's leading financial service providers, having won The Adviser’s Top Mortgage Broker award for the last 3 years. They charge no appointment fees and can meet at a time and place which suits you.

20 Enquire
More info
Online Home Loans Details and Application
Online Home Loans

Online Home Loans is a mortgage broker service designed to help Australian borrowers find the right home loan – and do it all online.

Enquire
More info
iConnect Financial Services
iConnect Financial

iConnect has hundreds of loans available through more than 40 lenders in Australia to choose from to find the home loan that is right for you.

40+ Enquire
More info

Other brokers

  • Loans West
  • Homeloans Bunbury
  • Beach Finance
  • Correct Finance

What are the main suburbs in and around Bunbury?

Mortgage Broker Bunbury map

Source: Google Maps

1. Bunbury

The port city of Bunbury was first settled by Europeans in 1830. Today, it’s a thriving regional centre on the shores of Geographe Bay. From shopping and commercial sectors to dining and nightlife options, Bunbury is a city on the rise.

Bunbury has a population of 3,629 and the median weekly household income is $1,388. The two largest demographic groups in the suburb are older couples and families (19.7%) and independent youth (16.5%).

The median house price is $510,000, annual capital growth is 3% and gross rental yield is 4.38%.

2. Australind

Located 12km north of the Bunbury CBD, British settlers combined Australia and India to give  Australind its name because it was believed the area could be used to breed horses for the British Indian Army. Located on the eastern edge of the Leschenault Inlet, Australind has a population of 11,954.

The two largest demographic groups in the suburb are established couples and families (22.6%) and older couples and families (21.1%). The median weekly household income is $1,638.

The median sale price is $389,500, annual capital growth is 7.09% and gross rental yield is 5.21%.

3. Eaton

Found 7km north-east of Bunbury, Eaton sits on the banks of the Collie River and is home to a state high school and two primary schools. Eaton Fair shopping centre is currently being expanded and will become the largest shopping centre in the south-west region.

Eaton’s population is 8,157 and the median household income is $1,438 per week. The two largest demographic groups in the suburb are older couples and families (20.7%) and established couples and families (20.1%).

The median house price is $353,000, annual capital growth is 5% and gross rental yield is 5.45%.

4. Dalyellup

Established in 1999 with the development of Dalyellup Beach Estate, Dalyellup is an outer southern suburb of Bunbury. Located 11km from the Bunbury CBD, it features large areas of untouched tuart forest, several schools and is home to a population of 7,109.

The median weekly household income in Dalyellup is $1,858. The two largest demographic groups in the suburb are established couples and families (27.8%) and maturing couples and families (27.6%).

The median house price is $400,000, annual capital growth is 11.66% and gross rental yield is 5.2%.

5. South Bunbury

Combining residential housing and commercial/retail sites, South Bunbury stretches along the shores of Geographe Bay south of the Bunbury CBD. The family-friendly suburb is home to a population of 8,173.

The two largest demographic groups in South Bunbury are older couples and families and established couples and families, which respectively make up 21% and 14.7% of the population. The median weekly household income in the suburb is $1,205.

The median sale price for a house in South Bunbury is $420,000, annual capital growth is 4.76% and gross rental yield is 4.46%.

Buying property in Bunbury

Take the following issues into consideration if you’re thinking of buying property in or around Bunbury:

  • Foreshore revamp. In October 2015, the South West Development Commission released plans for a large-scale redevelopment of the Bunbury Foreshore Precinct. Features of the project include a makeover for Koombana Beach, the construction of Casuarina Harbour and several multi-storey retail and apartment complexes.
  • Property prices. In the 10 years from 2005 to 2015, the median house price in Bunbury increased from $432,716 to $517,000. Unit prices in that same period decreased slightly from $420,000 to $417,500.

Suburb property prices in Bunbury

Bunbury

Mortgage broker Bunbury - bunbury graph

Source: APM PriceFinder

From 2014 to 2015, Bunbury’s median house price increased from $510,000 to $517,000.

Australind

Mortgage broker Bunbury - australind graph

Source: APM PriceFinder

From 2014 to 2015, Australind’s median house price increased slightly from $384,000 to $385,000.

Eaton

Mortgage broker Bunbury - eaton graph

Source: APM PriceFinder

From $350,000 in 2014, Eaton’s median house price rose slightly to $351,000 in 2015.

Dalyellup

Mortgage broker Bunbury - dalyellup graph

Source: APM PriceFinder

From 2014 to 2015, Dalyellup’s house price dropped from $405,000 to $400,000.

South Bunbury

Mortgage broker Bunbury - south bunbury graph

Source: APM PriceFinder

From 2014 to 2015, the median house price in South Bunbury decreased from $420,000 to $400,000.

What will a typical mortgage cost in Bunbury?

If you want to purchase a house in Bunbury at the median price of $510,000, in most cases you’d need to provide a 20% deposit of $102,000 in order to qualify for a loan. If you then borrowed the remaining $408,000 of the purchase price at an interest rate of 4.5% p.a. for 25 years, your fortnightly repayments would be $1,046.10. Over its 25-year term, the total cost of the loan would be $679,968.09

Purchasing a unit in Bunbury at the median price of $405,000 would usually require a 20% deposit of $81,000. Borrowing the remaining $324,000 at 4.5% p.a. for 25 years, would lead to fortnightly repayments of $830.73 and a total cost of $539,974.66.

How is a mortgage broker paid?

A broker will receive an upfront commission when you take out the loan, plus a trailing commission each year there is still money outstanding on the loan.

However, if you later decide to refinance with a different lender, the broker will need to pay a clawback commission fee to the first lender.

Check out our guide on how mortgage brokers are paid to find out more about how brokers make money.

How does a mortgage broker work?

The National Consumer Credit Protection Act (NCCP) explains the duty of care mortgage brokers have to their clients. In short, brokers must act in your best interests and help you find a loan that you are financially capable of repaying. They must also disclose full details to you of any commission they may receive.

So, upon meeting with you, a broker will assess your financial needs and borrowing situation and then provide you with a choice of several loans from a panel of lenders. Check out our guide to mortgage brokers for more information on how the broking process works.

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