The simple way to find a good mortgage broker in the Sutherland Shire

Information verified correct on December 11th, 2016

Find the right home loan to buy your dream home in Sydney’s Sutherland Shire.Mortgage Brokers Sutherland Shire - Cronulla Feature 3

From the sands of Cronulla to the natural beauty of Royal National Park, the Sutherland Shire is situated 26km south of the Sydney CBD. Covering 335 square kilometres, the Sutherland Shire is home to more than 210,000 people.

If you’d like to call the Sutherland Shire home, make sure you do your research before choosing a property to purchase. With help from a professional local mortgage broker, you’ll be able to find the best home loan to buy the house, unit or apartment you want.

Mortgage brokers with offices in the Sutherland Shire

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

  • Mortgage Choice
  • Sydney Finance Services
  • Smartline Personal Mortgage Advisers
  • FirstPoint Mortgage Brokers
  • Sterling Home Loans
  • Loan Market
  • Shirefirst Mortgages

What are the main suburbs within the Sutherland Shire?

Mortgage Broker Sutherland Shire Map

Source: Google Maps

1. Sutherland

The administrative centre of the Sutherland Shire, Sutherland is found 30km south of Sydney’s CBD. A mostly residential area, the suburb is also home to a shopping centre, a train station and five schools.

Sutherland has a population of 9,923 people, of which 24.4% are classified as mature and having established independence, and 18.5% are independent youth. The median weekly household income in the suburb is $1,375.

The median sale price for a house in Caringbah is $932,000, average annual growth is 6.08% and gross rental yield is 3%.

2. Caringbah

Located 24km south of the Sydney CBD, Caringbah combines residential, commercial and industrial areas. It’s home to a railway station, three secondary schools and a population of 10,955.

The two largest demographic groups in Caringbah are those who are maturing and have established independence (18.8%) as well as independent youth (15.1%). The median weekly household income in the suburb is $1,317.

The medial house sale price in Caringbah is $1.02 million, annual capital growth is 6.37% and gross rental yield is 3.49%.

3. Cronulla

Commonly referred to by the locals as “God’s Country”, Cronulla offers sun, surf and spectacular beaches to its residents. Found 26km south of the Sydney CBD, it’s home to famous surf breaks, several parks and a busy shopping strip.

The population of Cronulla is 17,041 and the median weekly household income is $1,455. The two largest demographic groups in the suburb are those who are maturing and have established independence (21.4%) as well as independent youth (20.8%).

The median price of a house in Cronulla is $1.727 million, annual capital growth is 5.95% and gross rental yield is 2.3%.

4. Engadine

Located 33km south of the Sydney CBD, Engadine is sandwiched between Royal National Park and Heathcote National Park. A mostly residential suburb, it’s home to six schools and a population of 16,867.

The two largest demographic groups in Engadine are older couples and families (22.6%) and established couples and families (16.5%). The median weekly household income in the suburb is $1,666.

With a median house price of $839,000, average annual capital growth in Engadine is 5.51% and gross rental yield is 3.66%.

5. Miranda

Located 24km south of the Sydney CBD, Miranda combines low-density, medium-density and high-density residential housing and is also home to a large Westfield shopping centre. The population of Miranda is 14,435 and the median weekly household income is $1,294.

The two largest demographic groups in the suburb are those who are maturing and have established independence (16.8%) as well as older couples and families (14.6%).

The median sale price for houses in Miranda is $1 million, annual capital growth is 5.78% and gross rental yield is 3.22%.

Buying property in the Sutherland Shire

You’ll need to consider the following factors if you’re thinking of buying property in the Sutherland Shire:

  • 2015 budget. The 2015 NSW state budget contained a number of funding announcements for the Sutherland Shire, including $32.2 million for the expansion of the Sutherland Hospital and $71 million for road upgrades and repairs throughout St George and the Sutherland Shire.
  • Property prices. House prices in the Sutherland shire have risen substantially in recent years. In 2005, the median sale price for a house in Sutherland was $510,000, but that median increased to $960,000 by 2015.

Suburb property prices in the Sutherland Shire

Sutherland

Mortgage Broker Sutherland Shire - sutherland graph

Source: APM PriceFinder

The median sale price for a house in Sutherland increased from $776,350 in 2014 to $960,000 in 2015.

Caringbah

Mortgage Broker Sutherland Shire - caringbah graph

Source: APM PriceFinder

Caringbah’s median sale price for houses rose from $975,000 in 2014 to $1.14 million in 2015.

Cronulla

Mortgage Broker Sutherland Shire - cronulla graph

Source: APM PriceFinder

From 2014 to 2015, Cronulla’s median sale price for a house rose from $1.543 million $1.811 million.

Engadine

Mortgage Broker Sutherland Shire - engadine graph

Source: APM PriceFinder

The median sale price in Engadine increased from $740,000 in 2014 to $880,000 in 2015.

Miranda

Mortgage Broker Sutherland Shire - miranda graph

Source: APM PriceFinder

From 2014 to 2015, the median sale price for a house in Miranda increased from $893,852 to $1.08 million.

What will a typical mortgage cost in the Sutherland Shire?

If you were buying a house for $932,000, the median price in Sutherland, most lenders would require a 20% deposit of $186,400. Borrowing the remaining $745,600 at an interest rate of 4.5% p.a. on a 25-year loan would lead to fortnightly repayments of $1,911.71, and the total cost to you over the life of the loan would be $1,242,608.36.

If you were to buy a unit at the median price of $560,000, a 20% deposit would cost you $112,000. If you then borrowed the remaining $448,000 at 4.5% p.a. on a 25-year loan term, your fortnightly repayments would be $1,148.66 and the loan would end up costing you $746,631.63.

How is a mortgage broker paid?

An initial commission is paid when you apply for a loan, while a trailing commission is paid each year based on the amount outstanding on your loan.

However, if you choose to refinance your home loan with another lender at a later date, the broker must pay a clawback commission fee to the original lender.

Find out more about how mortgage brokers are paidhere.

How does a mortgage broker work?

The National Consumer Credit Protection Act (NCCP) outlines the duty of care that mortgage brokers have to find a home loan that suits your financial situation and that you’ll be able to pay off without enduring any financial hardship.

To find out more about the role of an Australian mortgage broker, visit our page onthe broking process.


Picture: Early Morning Swim - Cronulla by Gemma Stiles, licensed under Creative Commons Attribution 2.0 Generic (image cropped)

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