How to find a great mortgage broker in Fremantle

Information verified correct on December 4th, 2016

Find an experienced local mortgage broker who can match you with the right home loan to buy a property in Fremantle.Mortgage Broker Fremantle Feature 2

The port city of Fremantle sits in an enviable location at the mouth of the Swan River. Sometimes referred to as Western Australia’s second city, Fremantle is known for its heritage buildings, alfresco dining culture and annual festivals. The city is also home to Western Australia’s largest working port and boasts employment opportunities across a wide range of industries.

If you’d like to call Fremantle home, you’ll need to find the financing you need to make your home ownership dream come true. The best way to find a mortgage that satisfies your borrowing needs is to get help from a local mortgage broker.

Which brokers have offices in Fremantle?

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

  • Smartline Personal Mortgage Advisers
  • Total Choice Home Loans
  • Element Finance Fremantle
  • Voyage Financial
  • Loan Monster
  • The Mortgage Gallery
  • Your Local Finance Fremantle
  • Contemporary Home Loans

What are the main suburbs within Fremantle?

Mortgage Broker Fremantle Map

Source: Google Maps

1. Fremantle

With a Mediterranean climate, excellent dining options and a famous nightlife precinct, Fremantle has plenty to offer a wide range of home buyers and investors. As well as the University of Notre Dame, the suburb is also home to a train station, John Curtin College of the Arts and Royal Fremantle Golf Club.

Fremantle has a population of 7,668 and the median weekly household income in the suburb is $1,397. The two largest demographic groups in Fremantle are those who are maturing and have established independence (19.1%) and independent youth (17.2%).

The median house price is $815,000, annual capital growth is 6.48% and gross rental yield is 3.81%.

2. Beaconsfield

Located southeast of the suburb of Fremantle, Beaconsfield is mainly made up of low-density to medium-density residential housing. It’s also home to several schools, a shopping centre and Challenger TAFE.

Beaconsfield has a population of 4,649 people, of which 22.8% are established couples and families and 13.9% are older couples and families. The median weekly household income in the suburb is $1,070.

The median house price in Beaconsfield is $765,000, annual capital growth is 7.24% and gross rental yield is 3.53%.

3. East Fremantle

Found 13km south-west of Perth’s CBD, East Fremantle is a largely residential suburb that was mostly developed around the late 19th and early 20th century. With the Swan River on its northern boundary, East Fremantle is home to two primary schools and two private hospitals.

East Fremantle has a population of 6,930, of which 19.9% are older couples and families and 19.8% are established couples and families. The median weekly household income in the suburb is $1,834.

The median house price in East Fremantle is $1.173 million, annual capital growth is 7.73% and gross rental yield is 3.10%.

4. South Fremantle

The coastal suburb of South Fremantle is a peaceful, leafy locale found 19km south-west of Perth. It is home to South Fremantle Senior High School and the South Fremantle Aussie Rules Football Club.

South Fremantle has a total population of 2,999 and a median weekly household income of $1,407. The two largest demographic groups in the suburb are established couples and families (18%) and older couples and families (14%).

The median house price in South Fremantle is $970,000, annual capital growth is 6.25% and gross rental yield is 3.47%.

Buying property in Fremantle

Make sure to take the following issues into account if you’re thinking about purchasing a house or unit in the Fremantle area:

  • Kings Square Project. Kings Square in Fremantle’s CBD is set to undergo a major redevelopment. The $220 million project will redevelop or refurbish a number of properties and lead to the creation of a civic, retail, commercial and community hub.
  • Property prices. Property prices in Fremantle have risen substantially in the past decade. The median sale price for houses in 2005 was $486,500, but that figure had increased to $790,000 by 2015.

Suburb property prices in Fremantle

Fremantle

Mortgage Broker Fremantle - fremantle graph

Source: APM PriceFinder

From $795,000 in 2014, the median sale price for a house in Fremantle dropped to $790,000 in 2015.

Beaconsfield

Mortgage Broker Fremantle - beaconsfield graph

Source: APM PriceFinder

The median sale price for a house in Beaconsfield increased from $713,125 in 2013 to $760,000 in 2015.

East Fremantle

Mortgage Broker Fremantle - east fremantle graph

Source: APM PriceFinder

From 2014 to 2015, the median sale price for houses in East Fremantle increased from $1.178 million to $1.2 million.

South Fremantle

Mortgage Broker Fremantle - south fremantle graph

Source: APM PriceFinder

From 2014 to 2015, South Fremantle’s median house sale price dropped slightly from $963,000 to $950,000.

What will a typical mortgage cost in Fremantle?

As the median house price in Fremantle is $815,000, the majority of lenders would require you to have a 20% deposit of $163,000 in order to qualify for a loan. Borrowing the remaining balance of $652,000 on a 25-year loan term at an interest rate of 4.5% p.a. would result in fortnightly repayment amounts of $1,671.72. The total cost of the loan over its life would be $1,086,615.68.

If you were to buy a unit for the median price of $525,000, a 20% deposit of $105,000 would usually be required. If you took out a loan at 4.5% p.a. for 25 years to borrow the remaining $420,000, your fortnightly repayment amount would be $1,076.87 and the loan would cost you $699,967.15.

How is a mortgage broker paid?

Brokers make money on the commissions they receive from lenders for generating new business. They receive an upfront commission from the lender when you sign up for a loan, plus a trailing commission each year that is calculated based on the amount you still owe on your loan.

Learn more about how mortgage brokers are paid

How does a mortgage broker work?

Your mortgage broker will examine your income and your borrowing requirements to determine what you need in a home loan. You will then be offered a selection of home loans from a panel of lenders.

Click for more details about what a mortgage broker does

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