Find a Mortgage Broker in Sydney

Information verified correct on December 3rd, 2016

Find an experienced mortgage broker to help you get the home loan you need to break into the Sydney property market.Mortgage broker sydney feature

Sydney is one of the world’s great cities. Famed for its Opera House, spectacular bridge and beautiful harbour, Sydney is one of the most recognisable cities anywhere in the globe. It’s also home to more than 4.2 million people, offering everything from quiet suburban living to busy inner-city life.

If you want to buy a home in Sydney and you need to take out a home loan to do so, choosing the right mortgage can be a challenging prospect. That’s why enlisting an experienced mortgage broker to help you find the right loan is an excellent idea.

Which brokers have offices in Sydney?

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
  • AMO Home Loans
  • First Choice Mortgage Broker
  • Origin Finance
  • QuickSelect

What are some of the main suburbs within Sydney?

Mortgage broker Sydney map

Source: Google Maps

1. Castle Hill

Located 30km northwest of the Sydney CBD, Castle Hill is the hub of Sydney’s Hills Shire. Boasting the large Castle Towers Shopping Centre and with a recently redeveloped CBD plaza, Castle Hill is home to a population of 37,916.

The two largest demographic groups in the suburb are older couples and families (25.6%) and established couples and families (18.8%). The median household income in Castle Hill is $2,059 per week.

The median house price is $1,301,000, average annual growth is 8.22% and gross rental yield is 2.76%.

2. Mosman

Long known as one of Sydney’s ritziest suburbs, Mosman is a lower north shore suburb found about 8km from the Sydney CBD. It is home to a selection of beautiful harbour beaches, Taronga Zoo, and some of the most expensive real estate in the NSW capital.

Mosman has a population of 27,452, of which 20.1% are maturing and established independence and 14.1% are older couples and families. The median weekly household income in the suburb is $2,465.

The median house price in Mosman is $2,950,000, average annual growth is 5.47% and gross rental yield is 2.95%.

3. Randwick

The eastern suburb of Randwick sits 6km southwest of the CBD and is the site of the famous Randwick Racecourse. It is also home to several hospitals, a large number of shopping options and 27,740 people.

Randwick’s median weekly household income is $1,786. The two largest demographic groups in the area are maturing and established independence and independent youth, who make up 25.6% and 21.9% of the population respectively.

The median house price in Randwick is $2,125,000, average annual growth is 8.67% and gross rental yield is 2.45%.

4. Blacktown

Located 34km to the west of the Sydney CBD, multicultural Blacktown is Sydney’s largest suburb. It features a busy commercial area and strong transport links with the rest of the city, and is home to 43,374 people.

The median household income in Blacktown is $1,174 per week. The suburb’s two largest demographic groups are established couples and families (16.7%) and independent youth (16%).

The median house price in Blacktown is $630,000, average annual growth is 6.83% and gross rental yield is 3.55%.

5. Strathfield

Located 14km from the CBD and in Sydney’s inner west, Strathfield boasts a busy commercial area and a population of 23,638. It is also home to several schools, a major railway station and a number of dining and entertainment options.

The two largest demographic groups in Strathfield are independent youth (28.1%) and older couples and families (16.7%). The median weekly income in the suburb is $1,470 per household.

Strathfield’s median house price is $2,025,000, average annual growth is 7.41% and gross rental yield is 1.93%.

6. Hurstville

Located just 16km south of the Sydney CBD, Hurstville is a popular location for professionals who enjoy the short commute into the city. But Hurstville also boasts a bustling CBD of its own, along with an array of shopping options, a Westfield retail centre and a multicultural population of 26,040.

Hurstville’s two largest demographic groups are independent youth and maturing and established independence, who respectively make up 34.3% and 14.3% of the population. The median weekly household income in the suburb is $1,137.

The median house price in Hurstville is $1,355,000, gross rental yield is 2.23% and average annual growth is 8.79%.

Buying property in Sydney

If you want to buy property in Perth, make sure you take the following issues into account:

  • Property prices. In the 10 years from 2005 to 2015, the median unit price in Sydney city increased from $512,000 to $868,000.
  • Cooling market. Following several years of impressive growth, the Sydney property market showed signs of cooling in the latter part of 2015. As a result, many analysts are predicting growth to stagnate on the Sydney property market throughout 2016.

Suburb property prices in Sydney

Castle Hill

Mortgage brokers Sydney castle hill graph

Source: APM PriceFinder

From 2014 to 2015, the median house price in Castle Hill increased from $1,100,000 to $1,345,000.

Mosman

Mortgage brokers Sydney mosman graph

Source: APM PriceFinder

Mosman’s median house price increased from $2,670,000 in 2014 to $3,120,000 in 2015.

Randwick

Mortgage brokers Sydney randwick graph

Source: APM PriceFinder

From 2014 to 2015, Randwick’s median house price rose from $1,800,000 to $2,155,000.

Blacktown

Mortgage brokers Sydney blacktown graph

Source: APM PriceFinder

Blacktown’s median house price increased from $542,250 in 2014 to $649,500 in 2015.

Strathfield

Mortgage brokers Sydney strathfield graph

Source: APM PriceFinder

From 2014 to 2015, Strathfield’s median house price increased from $1,755,000 to $2,312,500.

Hurstville

Mortgage brokers Sydney hurstville graph

Source: APM PriceFinder

From 2014 to 2015, the median price of a house in Hurstville increased from $1,255,000 to $1,342,500.

What will a typical mortgage cost in Sydney?

If you want to buy a unit in Sydney at the median price of $775,000, most lenders would need you to provide a 20% deposit of $155,000 in order to take out a loan. If you then borrowed the remaining $620,000 of the property purchase price at an interest rate of 4.50% p.a. over 25 years, your fortnightly repayments would be $1,589.67. The total cost over the life of the loan would be $1,033,284.84.

How is a mortgage broker paid?

As a reward for generating new business from customers, mortgage brokers receive two types of commissions from lenders. They are paid an upfront commission when you sign up for a loan, plus a trailing commission every year you still owe money on the loan. But if you decide to refinance your mortgage elsewhere, the broker might have to pay a clawback commission fee to your original lender.

Find out how mortgage brokers work in more detail.

How does a mortgage broker work?

Mortgage brokers have a responsibility to find you a loan that is perfect for your requirements and that you can comfortably afford to service. A broker will assess your income and financial capacity carefully before presenting you with a selection of suitable loans from their panel of lenders.

Find out everything you need to know about the service a broker can provide to you.

Images: ShutterStock

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