Mortgage Broker Randwick

Bidding at auction is unconditional, so the finance has to be locked in first: we arrange pre-approval before you raise a hand. Randwick auctions are competitive and move quickly. From the fall of the hammer, settlement usually runs 42 days, and we keep your conveyancer in the loop the whole way.

Randwick has a huge range of apartments, from older blocks around The Spot and Alison Road to newer developments near the hospital precinct. Unit lending is where bank policy varies most: minimum sizes, small studios and high-density buildings all get treated differently from one lender to the next. Matching the building to a lender that's comfortable with it is part of the work we do before you apply.

Staying at or below 80% LVR keeps you clear of Lenders Mortgage Insurance, which is what most buyers target. Above that, LMI applies, though eligible professionals can have it waived. We'll land on the structure that suits your deposit 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 set investment lending up so it supports the next purchase rather than blocking it. 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. Eligible professions can go to 95% with the LMI waived, a family guarantee can stand in for part of the deposit, and upgraders often bridge the gap with equity. There's more detail on our home loans page.

Yes. The Australian Government 5% Deposit Scheme lets eligible first home buyers purchase with just a 5% deposit and no LMI, and the $1.5 million Sydney price cap covers most Randwick apartments. First home buyers also pay no stamp duty up to $800,000, with concessions to $1 million. We'll confirm what you qualify for and structure the application. See our First Home Guarantee guide 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. Caps move around, so step one is confirming what you qualify for. Start with our first home buyers page.

If you're comparing mortgage brokers in Randwick, ask them about the suburb. Shane 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.