The simple way to find a great mortgage broker in Joondalup

Information verified correct on December 6th, 2016

With help from an experienced local mortgage broker in Joondalup, you can find a home loan that ticks all the right boxes.Mortgage Broker Joondalup Feature Image

A regional metropolitan city in Perth’s outer northern suburbs, the beachfront suburb of Joondalup is home to several large retail centres. Edith Cowan University, a major public hospital and six secondary schools are also located within its boundaries, so Joondalup has plenty to offer to anyone looking for a place to settle in Western Australia.

If you’re looking to buy property in the Joondalup area, either to live in yourself or as an investment, finding an experienced local mortgage broker is the best way to ensure that you can access the finance you need.

Which brokers have offices in Joondalup?

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

  • The Mortgage Gallery
  • Pinnacle Mortgage Co.
  • Resi Home Loans Joondalup
  • Dash Finance
  • Extreme Mortgages and Finance
  • Smartline Personal Mortgage Advisers
  • Countrywide Credit Joondalup

What are the main suburbs within Joondalup?

Mortgage Brokers Joondalup - Map

Source: Google Maps

1. Joondalup (CBD)

Joondalup CBD is a major urban centre located 26km north of Perth’s CBD. Located on the shores of Lake Joondalup, the city boasts a wealth of shopping and dining options and is just a stone’s throw from the beach.

The population of Joondalup is 9,197 and the median weekly household income is $1,533. The two largest demographic groups in the suburb are established couples and families (19.8%) and independent youth (17.9%).

The most recent figures for Joondalup reveal a median house price of $533,500, annual capital growth of 5.34% and weekly median advertised rent of $470.

2. Ocean Reef

Named after a reef off the coast and found 28km north-west of Perth, Ocean Reef was developed in the 1970s. Home to three primary schools and two high schools, it also features boat-launching facilities at Ocean Reef Boat Harbour.

The median weekly household income in the suburb is $2,096. The two largest demographic groups in the area are older couples and families and established couples and families, which respectively represent 31.5% and 25.1% of the local population.

The median sale price for a house in Ocean Reef is $765,000, annual capital growth is 5.65% and the weekly median advertised rent is $600.

3. Currambine

Currambine is located 30km north of the Perth CBD. It features a shopping centre and a train station. Part of the Joondalup Golf Course was largely developed in the 1990s.

Currambine is home to 6,773 people, of which 33.7% are established couples and families and 18.2% are older couples and families. The median weekly household income is $1,918.

The median sale price for a house in Currambine is $597,500, annual capital growth is 6.33% and the weekly median advertised rent is $480.

4. Kinross

Constructed in the early 1990s, Kinross is the northernmost suburb of the City of Joondalup and is located 32km from Perth. It borders Neerabup National Park and has a population of 7,172, while the median weekly household income is $1,878.

The two largest demographic groups in Kinross are established couples and families (35%) and older couples and families (17.4%).

The median sale price for a house in Kinross is $543,750, annual capital growth is 6.62% and the median weekly advertised rent is $450.

Buying property in Joondalup

The following issues may influence your decision when choosing whether or not to buy property in and around Joondalup:

  • Car parking. At time of writing, construction was underway on the Reid Promenade Multi-Storey Car Park. The five-level car park will add more than 400 parking bays and help to eliminate congestion in the area.
  • Property prices. The median house price in Joondalup has increased substantially in the past decade. While the median sale price in 2005 was $343,000, that figure had increased to $530,000 by 2015.

Suburb property prices in Joondalup

Joondalup (CBD)

Mortgage Broker Joondalup - joondalup graph

Source: APM PriceFinder

The median sale price for a house in Joondalup fell from $570,000 in 2014 to $530,000 in 2015.

Ocean Reef

Mortgage Broker Joondalup - ocean reef graph

Source: APM PriceFinder

The median house sale price in Ocean Reef fell from $773,500 to $760,000 from 2014 to 2015.

Currambine

Mortgage Broker Joondalup - currambine graph

Source: APM PriceFinder

From 2014 to 2015, the median house price in Currambine increased slightly from $576,500 to $582,000.

Kinross

Mortgage Broker Joondalup - kinross graph

Source: APM PriceFinder

From $548,000 in 2014, the median sale price for a house in Kinross dropped 5.1% to $520,000 in 2015.

What will a typical mortgage cost in Joondalup?

The median house price in Joondalup is $533,500, which means most lenders require a 20% deposit of $106,700 in order to offer you a loan. If you borrowed the remaining $426,800 at 4.5% p.a. on a 25-year loan, your fortnightly repayments would be $1,094.31. The total cost to you over the life of the loan would be $711,299.95.

The median price of a unit in Joondalup is $415,000, so a 20% deposit on such a unit is $83,000. If you borrowed the remaining $332,000 at 4.5% p.a. on a 25-year loan, your fortnightly repayment amount would be $851.24.

How is a mortgage broker paid?

Most mortgage brokers don’t charge fees to borrowers and instead make money by receiving commissions from lenders. Brokers are given an upfront commission when you take out the loan and a trailing commission based on how much you still owe on the loan each year.

Get more information on how mortgage brokers are paid

What does a mortgage broker do?

A mortgage broker’s job is to help you find the home loan that best matches your borrowing needs. After examining your financial situation, how much you need to borrow and the purpose of the loan, a broker will then offer you access to loans from a panel of lenders.

Get more details on how mortgage brokers work

Picture: Outrune, licensed under Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported (image cropped)

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