The easy guide to finding a mortgage broker in Mandurah

Information verified correct on December 10th, 2016

Find a licensed mortgage broker with knowledge of the local real estate market to help you purchase a property in MandurahMortgage Broker Mandurah Feature 2

Situated 72km south of Perth, Mandurah is the second-largest city in Western Australia, which attracts a large number of domestic and international tourists each year. Renowned for its protected waterways, iconic beaches and wildlife, Mandurah has a population of around 83,294.

If you’re thinking of buying property in Mandurah, enlist the services of a qualified mortgage broker to ensure that you can access the finance you need.

Which brokers have offices in Mandurah?

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
  • Peel Finance Brokers
  • Mandurah Property Finance
  • The Mortgage Gallery

What are the main suburbs in and around Mandurah?

Mortgage Broker Mandurah Map

Source: Google Maps

1. Meadow Springs

Located immediately north-east of Mandurah’s central business district, Meadow Springs is serviced by the Transperth bus route and has a population of approximately 5,920. Consisting of a large golf course, and three schools including the Frederick Irwin Anglican School, the Assumption Catholic College and Mandurah Baptist College, Meadow Springs has lots to offer its residents.

With a median household income of $1,294, the median age of residents is 37 and the most dominant demographic profiles are established families (19.8%) and maturing couples and families (15.4%).

The median house price is $425,000 with an average annual growth rate of 6.21% and a gross rental yield of 5.02%.

2. Bouvard

As one of the most southern precincts of Mandurah, Bouvard is 97km south of Perth with a population of just 821.

In terms of facilities, Bouvard has accommodation outlets including the Park Ridge House and Yalgorup Country Lodge, a shopping centre at Falcon and a fuel station on the Old Coast Road.

Residents in Bouvard have a median weekly household income of $853 and the median age of residents is 49.

The largest demographic profile is older couples and families (33.3%),  followed by elderly couples (14%).

The median house value is $415,000, and property has witnessed 4.51% annual growth.

3. South Yunderup

Situated 15.6km from Mandurah and on the bank of the Murray River, South Yunderup has a population of approximately 6,208.

As a popular retirement location for many Western Australians, South Yunderup is built upon several canals,but there are large subdivision developments taking place around the township.

The median weekly household income is $1,174 and the median age of residents is 50.

The most dominant demographic profile is elderly couples, which account for around 24.3% of the population.

With a median house value of $515,000, South Yunderup property has seen annual growth of 4.95% with a gross rental yield of 4.34%.

4. Greenfields

With a population of around 9,939, Greenfields is located east of Mandurah’s central business district. Featuring aged-care facilities, a large recreation centre and several shops and amenities, Greenfields comprises the Peel Education Campus and Peel Health Campus.

Greenfields residents have an average weekly income of $842 and a median age of 41. The largest demographic profiles are established couples and families (17.2%) and older couples and families (16.6%).

The average house price is $325,000. Greenfields real estate has seen 5.79% annual growth and 5.56% gross rental yield.

Buying property in Mandurah

If you’re thinking of buying property in Mandurah, consider the following factors:

  • Infrastructure. Mandurah is well-connected and offers several transport services to the state’s capital, including the rail southern network, which takes just 48 minutes from Mandurah to Perth. The National Broadband Network (NBN) now passes through 6,400 homes, allowing residents to enjoy the benefits of fast Internet as the rollout continues through Mandurah. Mandurah also offers free public parking, which offers convenience for residents and visitors alike.
  • Property prices. The median house price in Mandurah has remained relatively stable at around $330,000 from October 2014 to October 2015. Conversely, Mandurah unit prices have seen a greater level of fluctuation from $342,000 in October 2014 to $333,000 in October 2015.

Property prices in and around Mandurah

Meadow Springs

Mortgage Broker Mandurah - Meadow Springs

Source: APM PriceFinder

The median sale price for Meadow Springs houses dipped slightly from around $475,000 in 2014 to $425,000 in 2015.

Bouvard

Mortgage Broker Mandurah - chart for Bouvard

Source: APM PriceFinder

Housing in Bouvard increased steadily from 2014 to 2015 from $500,000 to $550,000.

South Yunderup

Mortgage Broker Mandurah - chart South Yunderup

Source: APM PriceFinder

House prices in South Yunderup fell from around $560,000 in 2014 to $500,000 in 2015.

Greenfields

Mortgage broker Mandurah - chart for Greenfields

Source: APM PriceFinder

Greenfields house prices have not changed drastically in the 12 months leading to October 2015, falling marginally from approximately $330,000 to $325,000.

What will a typical mortgage cost in Mandurah?

With a median house price of $333,000 in Mandurah, most lenders will require you to complete a 20% down payment of $66,600. If you borrow the remaining $266,400 at an interest rate of 4.5% over a 30-year period, your monthly repayments would be $1,349.81 and the total cost of the loan would be $485,931.48.

If you’re thinking of buying a unit, the average price for one in Mandurah is $325,000. This means you’d need to budget $65,000 to complete a 20% deposit. If you took out a loan for the remaining $260,000 at 4.5% interest over 30 years, your monthly repayments would be $1,317.38, and the total cost of the loan would be $474,257.45.

How is a mortgage broker paid?

Mortgage brokers earn a living on commissions they receive from lenders for directing new business their way. Lenders pay brokers an upfront commission when the loan is taken out, as well as a trailing commission, the amount of which is determined by the remaining loan balance.

Find out more about how brokers are paid on this page

How does a mortgage broker work?

Mortgage brokers use aggregators to access a panel of lenders, which means they can offer you loans from a wide range of financial institutions. After assessing your income, your assets, your liabilities and your home loan needs, a broker can match you with a mortgage that meets all your borrowing requirements.

Get more information on what a mortgage broker can do for you


Picture: Mandurah Foreshore Panorama by Michael Spencer, licensed under Creative Commons Attribution 2.0 Generic (image cropped)

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