Randwick takes in racecourse-side terraces, post-war blocks, and the hospital and university precinct, and each corner of it prices differently. Shane Howley knows the market well and works as a mortgage broker in Randwick on purchases, refinances and investment lending, with access to 30+ lenders, auction pre-approval, and a $0 brokerage fee.
Mortgage broker in Randwick. Home loans for Randwick, arranged by Shane Howley.
Mortgage broker in Randwick
Mortgage services for Randwick
Home Loans
Variable, fixed, and split loans across 30+ lenders, covering Randwick's whole mix of units, terraces and family homes.
Learn moreAuction Pre-Approval
Randwick properties move quickly, with units averaging just 25 days on market. Shane arranges pre-approval before you start inspecting so you can bid knowing your finance is set.
Learn moreInvestment Loans
With UNSW, the hospitals and the light rail on its doorstep, Randwick has one of the Eastern Suburbs' deepest rental markets. Shane arranges lending that fits your strategy, whether that's yield now or growth long-term.
Learn moreRefinancing
Loans set and forgotten for a few years usually carry a higher rate than they should. Shane will compare yours against the market at no cost.
Learn more
Why use a mortgage broker in Randwick?
Randwick units average just 25 days on market, so your finance has to be ready before you inspect. With UNSW, the hospitals and the light rail feeding demand, good properties draw a crowd. Shane gets pre-approvals done at the pace this suburb sells.
A Local Eastern Suburbs Broker
Finance Craft is based in Coogee. Shane knows Randwick's streets, its buildings, its agents, and what properties here actually sell for. That familiarity pays off where it counts: at valuation, negotiation and approval.
Diverse Property Knowledge
Randwick runs from older apartment blocks and new developments near the hospital precinct to Victorian terraces and full-size family homes. Each of those property types suits some lenders better than others, and Shane knows which.
30+ Lenders Compared
Shane searches across banks, non-bank lenders, and specialists to find the most competitive rate and structures for your situation. One application, maximum choice.
$0 Brokerage Fee
The service is completely free to you. Lenders pay Shane a commission when your loan settles, so having Shane run the whole application costs you nothing.
Shane is absolutely amazing. He makes the whole process so seamless and supports you every step of the way. He is honest and very approachable. Would definitely recommend.
You won't find a better Broker in Sydney!! Shane got us the best deal and went well beyond the call of duty to ensure our deal went through without a hitch. Thank you for all your help Shane, we couldn't have done this without you!
Shane has been absolutely amazing. His professionalism and availability at every step made this whole process so much easier. He answered all our 1,000 questions with such patience and expertise, which gave us the confidence to take this big step. We truly recommend him.
Shane's knowledge, expertise, efficiency, communication & customer service is top tier. He was super helpful in explaining things I didn't understand & in a timely manner. Kept us informed at all times as to where our application was at etc. Would definitely recommend. 10/10. Thanks Shane!
I had a great experience working with Shane. He was professional, knowledgeable, and always quick to respond to any questions or concerns I had throughout the process. His communication was excellent, and he made everything straightforward and stress-free. I really appreciated his reliability and dedication, and I wouldn't hesitate to recommend him to anyone looking for a trustworthy broker.
Finding the right mortgage broker can be daunting, but save yourself the time and go to Shane from Finance Craft. He is experienced, responsive, and patient with all questions. Shane acted promptly to remove any blockers and challenges, ensuring a smooth and stress-free process. He was always available for questions and calls, demonstrating his commitment and dedication, guiding us every step of the way and making the entire experience seamless. We will use his services for future property finance matters. Highly recommended, thanks Shane!
A big, unit-led market for first home buyers and investors
Randwick is one of the Sydney Eastern Suburbs' busiest markets. Units drive most of the turnover, and with entry prices well below the beach suburbs it's where many first home buyers and investors get their start. UNSW, the hospitals and the light rail keep rental demand strong.
- $1.28MMedian Unit Price~438 sales a year
- $3.95MMedian House Price~161 sales a year
- 4.1%Avg Annual GrowthUnits, long-term average
- 23Days on MarketUnits, average
Source: CoreLogic data via Your Investment Property, 2026. Figures are indicative and subject to change.
Buying your first home in Randwick with a 5% deposit
Randwick's median apartment is $1,282,500. With a 5% deposit you'd normally pay $54,381 in Lenders Mortgage Insurance. Under the scheme you pay nothing.
| On a $1,282,500 purchase | 5% depositWithout the scheme | 5% depositWith the scheme |
|---|---|---|
| Deposit, 5% | $64,125 | $64,125 |
| Stamp duty | $51,900 | $51,900 |
| Lenders Mortgage Insurance | $54,381 | Nil |
| Loan amount | $1,218,375 | $1,218,375 |
| Total funds required | $170,406 | $116,025 |
$54,381less in funds required
A lender normally wants a 20% deposit before it will lend without insurance. You put in 5%. The government guarantees the other 15% of the property's value. The lender is covered to 20%, so there's nothing to insure.
Stamp duty is the same either way. NSW first home buyers pay no duty up to $800,000, and the discount runs out at $1M. At $1,282,500 you pay the full $51,900.
Legals, inspections and rates adjustments sit on top of both columns.
Shane will run your actual numbers before you commit to anything. Talk to Shane, $0 brokerage fee.
Randwick mortgage FAQs
How does auction finance work in Randwick?
Bidding at auction is unconditional, so the finance has to be locked in first: Shane arranges 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 Shane keeps your conveyancer in the loop the whole way.
What's the lending landscape for Randwick apartments?
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 Shane does before you apply.
What LVR is typical for a Randwick purchase?
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. Shane will land on the structure that suits your deposit and budget.
Is Randwick a good market for investors?
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. Shane sets investment lending up so it supports the next purchase rather than blocking it. See investment loans for more.
How much deposit do I need for a typical Randwick house?
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 his home loans page.
Can I use the First Home Guarantee to buy in Randwick?
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. Shane will confirm what you qualify for and structure the application. See his First Home Guarantee guide for more.
Can first home buyers still get into Randwick?
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 his first home buyers page.
Why choose a local Randwick broker over a bank or online broker?
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. Shane compares more than 30 lenders and the service costs you nothing.
Do you charge a fee for the service?
The service is completely free to you. Lenders pay Shane a commission when your loan settles. There are no upfront costs, no hidden fees, and no obligation after an initial conversation.
Can I borrow to renovate a Federation home in Randwick?
Yes. Plenty of Randwick's Federation and Victorian stock sits in a heritage conservation area, which affects council approval timelines rather than the finance itself. Some lenders are more relaxed about heritage than others. Shane matches you to one that is comfortable and builds the approval timeline into how the loan is structured.
Ready to buy or invest in Randwick?
Book a free call with Shane and let's get your finance sorted.
Your local Sydney Eastern Suburbs broker
Shane specialises in helping clients across Coogee, Clovelly, Bronte, Bondi, and all surrounding Eastern Suburbs.