Find a Mortgage Broker in the Sunshine Coast

Information verified correct on December 10th, 2016

With advice from an experienced mortgage broker, you can get the finance you need to buy property on the Sunshine Coast.Mortgage Brokers Sunshine Coast Feature 2

Located about 100km north of Brisbane, the "Sunny Coast" is home to an estimated population of almost 300,000 and stretches along the coastline for roughly 60km.

If you want to purchase property on the Sunshine Coast, either to live in or as an investment, finding a mortgage broker will help you get the finance you need.

Which brokers have offices in Brisbane?

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
  • SPC Finance & Lending
  • Loan Wize
  • Formula 1 Finance
  • The Mortgage Connection
  • Accomplish Finance
  • Advantage Mortgages Australia

What are the main suburbs on the Sunshine Coast?

Mortgage Brokers Sunshine Coast Map

Source: Google Maps

1. Maroochydore

The major commercial and administrative area of the Sunshine Coast, Maroochydore is located 104km to the north of Brisbane. It is home to the Sunshine Plaza shopping centre, several schools and a number of beautiful beaches.

Maroochydore has a population of 14,445 and the median weekly household income in the suburb is $839. The two largest demographic groups in Maroochydore are elderly singles (16.3%) and maturing and established independence (16.0%).

The median house price in Maroochydore is $502,000, annual capital growth is 2.90% and gross rental yield is 4.56%.

2. Tewantin

Located towards the northern tip of the Sunshine Coast region, Tewantin is a suburb in the Noosa region and sits 7km west of Noosa Heads. An original settlement in the region, Tewantin is today home to 10,659 people.

The median weekly household income in the suburb is $847. Tewantin’s two largest demographic groups are older couples and families and established couples and families, who respectively make up 17.9% and 15.0% of the local population.

The median house price in Tewantin is $465,000, annual capital growth is 2.80% and gross rental yield is 5.03%.

3. Caloundra

Caloundra is the southernmost suburb of the Sunshine Coast and is found approximately 90km north of Brisbane’s city centre. Home to Kings Beach, Dicky Beach and a number of other popular surfing and swimming spots, it boasts a population of 3,558 people.

The median weekly household income in Caloundra is $710. The two largest demographic groups in the suburb are elderly singles (19.7%) and older independence (14.7%).

Caloundra’s median unit price (units represent a far larger percentage of property sales than houses in the region) is $395,000, annual capital growth is 1.13% and gross rental yield is 4.64%.

4. Mooloolaba

The tourist suburb of Mooloolaba is found 97km north of Brisbane. Featuring beautiful beaches and a range of dining and entertainment options, Mooloolaba also features the Underwater World aquarium and is home to 7,333 people.

The median weekly household income in Mooloolaba is $992. The two largest demographic groups in the suburb are independent youth (18.1%) and maturing and established independence (16.6%).

Mooloolaba’s median house price is $635,000, annual capital growth is 3.33% and gross rental yield is 4.09%.

5. Buderim

Located inland from Mooloolaba, Buderim sits atop a 180-metre high mountain and overlooks the Sunshine Coast. Originally a timber town, Buderim is home to several state and private schools and has a population of 27,068.

The median weekly household income in Buderim is $1,179. The two largest demographic groups in the suburb are older couples and families (20.3%) and established couples and families (20.1%).

Buderim’s median house price is $560,000, annual capital growth is 2.99% and gross rental yield is 4.60%.

Buying property on the Sunshine Coast

If you’re thinking of buying or investing in property on the Sunshine Coast, don’t forget to consider the following issues:

  • Airport expansion. Sunshine Coast Airport in Maroochydore is set to undergo a multi-million dollar expansion in coming years. The project will mean that more than 5,000 fewer homes will be affected by aircraft noise by the year 2040, and will contribute an estimated $4.1 billion to the Sunshine Coast economy.
  • Property prices. In the 10 years from 2005 to 2015, the median house price in Maroochydore increased from $385,000 to $505,000. During the same period, the median price for units rose from $340,850 to $355,000.

Suburb property prices in Maroochydore

1. Maroochydore

Mortgage Brokers Sunshine Coast Maroochydore

Source: Google Maps

From 2014 to 2015, Maroochydore’s median house price increased from $482,065 to $505,000.

2. Tewantin

Mortgage Brokers Sunshine Coast Tewantin

Source: Google Maps

Tewantin’s median house price rose from $450,000 in 2014 to $463,750 in 2015.

3. Caloundra

Mortgage Brokers Sunshine Coast Caloundra

Source: Google Maps

From 2014 to 2015, Caloundra’s median house price increased from $432,000 to $434,500. In the same period, unit prices dropped from $390,000 to $379,000.

4. Mooloolaba

Mortgage Brokers Sunshine Coast Mooloolaba

Source: Google Maps

In the period from 2014 to 2015, Mooloolaba’s median house price decreased from $645,000 to $635,000.

5. Buderim

Mortgage Brokers Sunshine Coast Buderim

Source: Google Maps

From 2014 to 2015, the median house price in Buderim increased from $545,000 to $560,500.

What will a typical mortgage cost on the Sunshine Coast?

If you wanted to buy a unit on the Sunshine Coast at the median price of $502,000, most loans would require you to pay a 20% deposit of $100,400 if you were to qualify for a home loan. If you then borrowed the remaining $401,600 at an interest rate of 4.50% p.a. on a loan with a 25-year term, your fortnightly repayments would be $1,029.70. The total cost of the loan would be $669,301.93.

If you were buying a unit at the median price of $356,250, a 20% deposit would set you back $71,250. Borrowing the remaining purchase price of $285,000 at an interest rate of 4.50% p.a. on a 25-year loan, your fortnightly repayments would be $730.73 and the total cost of the loan would be $474,977.71.

How is a mortgage broker paid?

When you apply for a home loan through a mortgage broker, the lender pays a commission to the broker for generating new business. The broker also receives a commission from the lender every year you still owe money on your loan, but the broker will have to pay a clawback commission fee to the lender if you choose to refinance your loan with another mortgage provider.

Learn about how brokers are paid in more detail

How does a mortgage broker work?

Mortgage brokers have a duty of care to help you find a loan suitable for your financial situation and repayment capability. A professional broker will assess your income and your ongoing expenses, discuss the amount you wish to borrow and any loan features you desire, and then offer you a selection of loans provided by their panel of lenders.

Read our page about the process of using a mortgage broker


Picture: eGuide Travel, licensed under Creative Commons Attribution 2.0 Generic (image cropped)

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