Mortgage Broker Randwick

We arrange pre-approval before the auction so you can bid with full confidence. Randwick auctions are competitive and move quickly. Once you win, settlement typically occurs within 42 days and we liaise with your conveyancer throughout to keep things on track.

Randwick has a huge range of strata stock, from older blocks around The Spot and Alison Road to newer developments near the hospital precinct. Lender policies differ more for units than houses. Some restrict very small units or high-density buildings, so the right lender depends on the property. That's part of what we sort out before you apply.

Most buyers aim for 80% LVR to avoid Lenders Mortgage Insurance. Lenders will go above 80% with LMI, and for eligible professionals an LMI waiver can remove that cost entirely. We'll identify the right structure for your situation and budget.

Rental demand in Randwick is among the strongest in the Sydney Eastern Suburbs. UNSW, the hospitals and the light rail keep vacancy low, and unit yields around 3.7% are healthy for the area. We structure investment loans to maximise your borrowing capacity and portfolio flexibility. See investment loans for more.

A 20% deposit on the median Randwick house is around $750,000, and well over $900,000 once you add stamp duty. Not everyone gets there with savings alone. Some professions can borrow up to 95% without paying LMI, family guarantees can cover part of the deposit, and for upgraders the answer is often equity in an existing property. There's more detail on our home loans page.

Quite possibly. A number of lenders waive LMI for certain professions, including doctors, lawyers and accountants, up to 95% of the property value. On a Randwick purchase that can be a saving of tens of thousands. We arrange these regularly, so it's worth a conversation before you assume you need a 20% deposit. See specialist lending for more.

Yes, more realistically than in most of the Eastern Suburbs. Randwick's unit market is large and varied, there's stock under the government 5% deposit scheme price cap, and cheaper units can also attract stamp duty concessions. The caps change regularly, so checking what you're eligible for is the first thing we do. Start with our first home buyers page.

If you're comparing mortgage brokers in Randwick, ask them about the suburb. Shane is based in Coogee, one suburb over, and knows Randwick's buildings, agents and prices firsthand. A bank can only offer you its own products. We compare more than 30 lenders and the service costs you nothing.

Our service is completely free to you. Lenders pay us a commission when your loan settles. There are no upfront costs, no hidden fees, and no obligation after an initial conversation.