Find a Mortgage Broker in Perth

Information verified correct on December 6th, 2016

Choose a trusted local mortgage broker to help you find the right home loan to buy property in Perth.Mortgage brokers Perth Feature

With its Mediterranean climate, vibrant cultural scene and beautiful sandy beaches, Perth has plenty of attractive features to keep its residents happy all year round. Situated on the banks of the Swan River, the capital of Western Australia has an estimated population of more than two million people, making it the fourth-largest city in Australia.

If you want to buy a house, unit, apartment or duplex in Perth and you need to take out a home loan, seek out advice and assistance from an experienced mortgage broker. He or she will be able to help you find the perfect home loan.

Which brokers have offices in Perth?

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

  • Loan Market
  • Mortgage Choice
  • Smartline Personal Mortgage Advisers
  • Diversifi
  • Homeloans Perth
  • The Mortgage Gallery
  • 1300 Home Loan
  • eChoice

What are the main suburbs within Perth?

Mortgage brokers Perth map

Source: Google Maps

1. Canning Vale

The large southern suburb of Canning Vale is located approximately 20km from Perth’s CBD. Drawing its name from the nearby Canning River, the suburb is home to two shopping centres, multiple schools and a population of 30,665.

Canning Vale’s two largest demographic groups are established couples and families (26.0%) and older couples and families (19.0%). The median weekly household income in the suburb is $2,022.

The median house price in Canning Vale is $610,000, annual capital growth is 7.24% and gross rental yield is 4.26%.

2. Dianella

Located 9km north of the Perth CBD, Dianella features a mixture of post-war properties and larger, modern houses. The suburb features several parks, a multicultural population and is also the home for Perth’s three major commercial TV stations.

Dianella has a population of 22,520 and the median weekly household income in the suburb is $1,291. The two largest demographic groups in Dianella are established couples and families (17.8%) and older couples and families (14.9%).

Dianella’s median house price is $660,000, annual capital growth is 7.91% and gross rental yield is 3.55%.

3. Thornlie

This large outer suburb of Perth is located approximately 18km southeast of the city’s CBD. Development began in Thornlie in the 1950s and continued up until the 1990s, and the suburb enjoys strong rail, bus and road transport links into the heart of the city.

Thornlie’s two largest demographic groups are older couples and families and established couples and families, which respectively represent 21.8% and 18.1% of the population of 22,964. The median weekly household income in Thornlie is $1,411.

Thornlie’s median house price is $460,000, annual capital growth is 7.51% and gross rental yield is 4.63%.

4. Gosnells

Located 20km southeast of the Perth CBD, Gosnells was established in 1890. Well serviced by road, bus and rail links, it has a population of 19,169.

The two largest demographic groups in Gosnells are older couples and families (15.6%) and established couples and families (15.5%), while the median weekly household income in the suburb is $1,051.

The median house price in Gosnells is $380,000, annual capital growth is 8.06% and gross rental yield is 4.99%.

5. Scarborough

The coastal suburb of Scarborough sits 14km to the northwest of the Perth CBD. Famous for its beautiful beach, the suburb also offers a host of dining and entertainment options and is home to a population of 14,271.

The two largest demographic groups in Scarborough are independent youth and maturing and established independence, who respectively represent 25.1% and 21.8% of the population. The median weekly household income in the suburb is $1,566.

Scarborough’s median house price is $771,250, annual capital growth is 6.09% and gross rental yield is 3.98%.

6. Bayswater

This northeastern suburb of Perth is found on the northern banks of the Swan River, roughly 6km from the city centre. It was first settled by Europeans in 1829 and today is home to 13,525 people.

The median weekly household income in Bayswater is $1,414. The two largest demographic groups in the suburb are established couples and families (16.9%) and independent youth (14.4%).

Bayswater’s median house price is $640,000, annual capital growth is 8.14% and gross rental yield is 3.49%.

Buying property in Perth

If you want to buy property in Perth, consider the following issues before you apply for a home loan:

  • Airport Link. The Forrestfield-Airport Link train line, which will provide access to the rail line for Perth’s eastern suburbs, is set to begin construction in 2016. The $2 billion State Government-funded project will be completed by 2020.
  • Property prices. In the 10 years from 2005 to 2015, the median house price in Perth has skyrocketed from $445,000 to $925,000. During the same period, unit prices have increased from $335,000 to $463,500.

Suburb property prices in Perth

Canning Vale

Mortgage broker Perth - Canning Vale

Source: APM PriceFinder

From 2014 to 2015, the median house price in Canning Vale decreased from $612,000 to $590,000.

Dianella

Mortgage broker Perth - Dianella

Source: APM PriceFinder

Dianella’s median house price dropped from $677,000 in 2014 to $646,000 in 2015.

Thornlie

Mortgage broker Perth - Thornlie

Source: APM PriceFinder

From 2014 to 2015, the median house price in Thornlie decreased from $470,000 to $450,000.

Gosnells

Mortgage broker Perth - Gosnells

Source: APM PriceFinder

The median house price in Gosnells dropped from $385,000 in 2014 to $365,000 in 2015.

Scarborough

Mortgage broker Perth - Scarborough

Source: APM PriceFinder

Scarborough’s median house price decreased from $805,000 in 2014 to $757,500 in 2015.

Bayswater

Mortgage broker Perth - bayswater

Source: APM PriceFinder

From 2014 to 2015, Bayswater’s median house price decreased slightly from $629,500 to $625,000.

What will a typical mortgage cost in Perth?

If you wanted to buy a house in Perth at the median price of $872,500, most lenders would need you to pay a 20% deposit of $174,500. If you then took out a home loan to borrow the remaining $698,000 at 4.50% p.a. over 25 years, your fortnightly repayment amount would be $1,789.66 and the total cost would be $1,163,278.74.

Meanwhile, a 20% deposit of $91,000 would be required if you were buying a unit at the median price of $455,000. Borrowing the remaining $364,000 at the terms described above would lead to fortnightly repayments of $933.29 and a total loan cost of $606,638.20.

How is a mortgage broker paid?

Mortgage brokers receive two types of commissions from lenders as a reward for generating new business. They receive an upfront commission when you apply for a home loan and a trailing commission based on the amount you still need to repay each year. However, they’ll need to pay some of this money back to the lender if you later decide to refinance elsewhere.

Take a look at our page about how mortgage brokers work for more info.

How does a mortgage broker work?

Mortgage brokers have a duty of care to help you find a loan that matches your requirements and that doesn’t exceed your financial capabilities. After examining your finances and your property purchase needs, a broker will help you select a mortgage from a range of loans offered by their panel of lenders.

Our explanatory page on the mortgage broking process provides further details.

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