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What our mortgage brokers offer Central Coast home buyers
Considering buying a property or refinancing your home loan on the Central Coast? Connect with our team to access some of the best rates from over 45 lenders. We’ll handle the application process, allowing you to skip the hassle and save time.
There’s no pressure to commit — just start with a friendly conversation, and we’ll learn more about you and your financial situation. Whether you’re purchasing your first home or planning your next move, we’re here to help.
Explore how we can assist various types of borrowers on the Central Coast:
- First home buyers: The Central Coast is an ideal spot for first-time buyers, offering a relaxed coastal lifestyle and more affordable property prices compared to Sydney. We’ll help you determine how much you can borrow, compare home loans and lenders, and get pre-approved, so you’ll know exactly where you can afford to buy. With pre-approval in hand, you’ll be ready to confidently make an offer on your new home.
- Refinancers: Already own a property on the Central Coast? It might be time to refinance your mortgage. If that sounds daunting, don’t worry — we’ve got you covered. We’ll compare rates and handle the paperwork for you. Interested in tapping into rising property values? We can help you explore your options.
- Investors: Whether you currently own or plan to purchase an investment property in Gosford, The Entrance, or Terrigal, we can assist you in finding the best financing deals. Our team will suggest loan options that align with your investment strategy, enhancing your cash flow and tax benefits.
- Upsizers and downsizers: Buying and selling property can be stressful. While we can’t help with moving boxes, we can streamline the financial aspects of buying and selling, including exploring bridging loans if you need to buy before selling.
- Complex applications: If your situation is more complicated — such as being self-employed or needing SMSF finance — we can connect you with specialist lenders who offer tailored solutions. We also have options for borrowers with bad credit.
How to find the best mortgage broker on the Central Coast
The Central Coast is an excellent place to find mortgage brokers, ranging from large national firms to local independent operators. Before making your choice, here are some key factors to consider:
1
Are they properly licensed?
Check if the broker is licensed by ASIC (Australian Securities and Investments Commission) and belongs to professional groups like the MFAA or FBAA. This ensures they stick to industry standards and gives you an extra layer of protection.
2
How experienced are they?
Take a look at how long they’ve been in the game and what they specialise in. A Central Coast broker who’s spent years helping people like you — whether you’re buying your first home or looking to invest — will likely provide more tailored advice.
3
What do their reviews say?
Do a little digging online to see what others are saying about them. Positive reviews that highlight good communication, responsiveness, and successful outcomes usually indicate the broker knows their stuff.
4
How many lenders do they work with?
Find out how many lenders they partner with. The more options, the better chance you have of snagging a competitive rate. Plus, make sure they work with lenders that fit your specific situation — like if you’re a business owner in need of low-doc or alt-doc loans.
5
Schedule a chat
Book an initial meeting to see how they communicate and understand your needs. A good broker on the Central Coast should explain things clearly and make you feel at ease. Watch out for anyone who pressures you into quick decisions.
6
Keep your options open
Don’t just limit yourself to local brokers. Some great mortgage brokers from Sydney and national firms also cover the Central Coast. Local knowledge is a bonus, but the most important thing is finding a broker who can get you the best deal and effectively meet your financial needs.
How does using a Central Coast mortgage broker work?
Here’s what you can expect when working with a mortgage broker on the Central Coast:
- Initial chat: You’ll kick things off with a casual consultation where your broker gets to know your financial situation and goals. It’s also your chance to see if they are a good fit for your needs.
- Preliminary assessment: Your broker will dig into your finances — think income, expenses, and debts — to figure out how much you can borrow. They’ll ask for documents like your last two payslips, up to six months of bank statements, and tax returns to paint a complete picture.
- Loan options: After assessing your situation, your broker will present a handful of loan options (usually three to five). They’ll break down the rates, fees, features, and any other perks like cashback offers from different lenders.
- Loan application: Once you’ve chosen a loan, your broker will help you fill out the application and make sure all the necessary documents are included. Then, they’ll send it off to the lender.
- Lender follow-up: Your broker will keep the lines of communication open with the lender to track your application’s progress, tackle any hiccups, and keep you in the loop.
- Approval and offer: When your loan gets the green light, the lender will send over a formal offer. Your broker will review this with you to make sure everything looks solid.
- Settlement: After you sign the loan documents, your broker will keep you updated on the settlement process, including when the funds are transferred to the seller or your current lender if you’re refinancing.
- Post-settlement: If anything pops up after the loan settles, your broker will step in to help sort it out with the lender.
- Loan review: About a year after settlement, your broker will check in to review your loan. If rates have shifted or your situation has changed, they can help you explore new options or make adjustments as needed.
Central Coast home loan insights 2024
Like many regional hubs in New South Wales, the Central Coast has become a popular destination for homebuyers looking for more space and better value compared to the big smoke. Here are some key highlights of the Central Coast mortgage market:
- Average home loan in NSW: $782,916
- Average interest rate: 6.28% p.a. (owner occupier)
- Median property value on the Central Coast: $943,509
- House deposit required on the Central Coast: $47,175 - $188,702 (5% - 20% of the median property value)
- Average home loan repayment for a Central Coast home: $4,662 per month (based on median value, 20% home deposit paid and average interest rate paid over a 30-year loan term)
Central Coast property insights 2024
In the past year (from July 23 to July 24), property prices on the Central Coast have jumped by 5.9%, and sales volumes have risen by 12.9%. This is at least according to the latest data from CoreLogic. With median property values around half a million dollars lower than in Sydney, the Central Coast provides homebuyers of all types more value for their money.
Whether you're in Toukley or Tuggerah, different areas of the Central Coast have experienced varying levels of performance. If you’re looking to buy in the area, it’s essential to research specific suburbs and properties. Your broker can provide detailed property reports to help you make an informed decision.
Some of the top-performing suburbs on the Central Coast
| Suburb | Median value | Annual price growth |
|---|---|---|
Norah Head | $1,558,500 | 25.9% |
The Entrance | $1,050,000 | 17.0% |
Wyong | $837,500 | 11.7% |
Bateau Bay | $1,087,500 | 11.5% |
Toukley | $830,000 | 11.4% |
Lisarow | $1,182,500 | 11.3% |
Narara | $928,050 | 11.1% |
Lake Haven | $803,000 | 10.8% |
Kariong | $970,000 | 10.4% |
Umina Beach | $1,100,000 | 10.3% |
Investing in Central Coast property
For property investors on the Central Coast, here are some key insights from CoreLogic’s latest data.
Median weekly rent (all dwellings)
$668
Current gross rental yield
3.5%
Rental growth (July 23 - July 24)
9.4%
Average days on market for property sales
34
Why should I choose you over other Central Coast mortgage brokers?
The Central Coast has quickly become one of the hottest regional spots in New South Wales, with many Sydneysiders making the move north. With beautiful beaches, plenty of green spaces, and more affordable property prices compared to Sydney, it’s easy to see why the Central Coast is such a popular choice.
Competition for the best homes can be pretty fierce, so giving yourself an edge can really make a difference. Working with a local mortgage broker is one way to do that. We’ll help you figure out your borrowing power, find the right loan, and manage the entire application process from start to finish.
For those looking to refinance on the Central Coast, we have plenty of experience negotiating with lenders. Whether you’re upsizing, downsizing, tapping into equity, consolidating debt, or just trying to score a better rate, we’re here to help you find a great deal. Reach out to us today to find out how we can assist you.