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What our mortgage brokers offer Coffs Harbour home buyers
Thinking about buying a property or refinancing your home loan in Coffs Harbour? Reach out to our team to tap into some of the best rates from over 45 lenders. We’ll take care of the application process, so you can avoid the hassle and save time.
No pressure to commit — just start with a friendly chat, and we’ll get to know you and your financial situation better. Whether you’re a first-time buyer or planning your next move, we’re here to support you.
Check out how we can help different types of borrowers in Coffs Harbour:
- First home buyers: Coffs Harbour is a fantastic choice for first-time buyers, offering a laid-back coastal lifestyle and more affordable property prices than larger cities across New South Wales. We’ll help you figure out how much you can borrow, compare home loans and lenders, and get pre-approved, so you’ll know exactly where you stand. With pre-approval in your pocket, you’ll be ready to confidently make an offer on your new home.
- Refinancers: Already have a property in Coffs Harbour? It might be time to consider refinancing your home loan. If that sounds a bit overwhelming, don’t worry — we’re here to help. We’ll compare rates and take care of the paperwork for you. Looking to take advantage of rising property values? We can guide you through your options.
- Investors: Whether you currently own or plan to buy an investment property in Coffs Harbour or along the Coffs Coast, we can help you find the best financing deals. Our team will suggest loan options that fit your investment strategy, helping to boost your cash flow and tax benefits.
- Upsizers and downsizers: Buying and selling property can be a major hassle. While we can’t help with packing boxes, we can simplify the financial side of things, including looking into bridging loans if you need to buy before you sell.
- Complex applications: If your situation is a bit more complicated — like being self-employed or needing an SMSF loan — we can connect you with specialist lenders who offer tailored solutions. We also have options available for borrowers with bad credit.
Finding the best mortgage broker in Coffs Harbour
Coffs Harbour is a great spot to find mortgage brokers, whether you’re looking at big national firms or local independents. Before you make a choice, here are some things to keep in mind:
1
Are they properly licensed?
Make sure the broker is licensed by ASIC (Australian Securities and Investments Commission) and is part of professional groups like the MFAA or FBAA. This ensures they follow industry standards and gives you an extra layer of protection.
2
How experienced are they?
Check out how long they’ve been in the game and what they specialise in. A broker with years of experience helping clients like you — whether you’re buying your first home or refinancing — will likely offer more personalised advice.
3
What do their reviews say?
Do a bit of online digging to see what others have to say. Positive reviews that highlight good communication, responsiveness, and successful outcomes usually mean the broker knows their stuff.
4
How many lenders do they have access to?
Find out how many lenders they partner with. The more options they have, the better chance you’ll get a competitive rate. Also, check if they work with lenders that match your specific needs — like if you’re a business owner looking for low-doc or alt-doc loans.
5
Book a meeting
Set up an initial meeting to see how well they communicate and understand your needs. A good broker in Coffs Harbour should explain things clearly and make you feel comfortable. Be cautious of anyone trying to rush you into quick decisions.
6
Keep your options open
Don’t just stick to local brokers. Some fantastic mortgage brokers from Sydney, Newcastle or the Central Coast may also cover Coffs Harbour. Local knowledge is a plus, but what really matters is finding a broker who can secure the best deal and effectively meet your financial needs.
What to expect when working with a mortgage broker in Coffs Harbour?
Here’s how the process works when using a mortgage broker:
- Initial chat: You’ll start with a relaxed consultation where your broker gets to know your financial situation and goals. It’s also a great opportunity to see if they’re the right fit for you.
- Preliminary assessment: Your broker will take a deep dive into your finances — looking at your 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 get a full picture.
- Loan options: After assessing your situation, your broker will present a few loan options (usually around three to five). They’ll break down the rates, fees, features, and any cool perks like cashback offers from different lenders.
- Loan application: Once you’ve picked 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 stay in touch with the lender to keep tabs on your application’s progress, tackle any bumps in the road, and keep you updated throughout the process.
- Approval and offer: When your loan gets approved, the lender will send a formal offer your way. Your broker will review this with you to ensure everything looks good.
- Settlement: After you sign the loan documents, your broker will keep you posted 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 comes up after the loan settles, your broker will step in to help resolve it with the lender.
- Loan review: About a year after settlement, your broker will check in to review your loan. If interest rates have changed or your situation has evolved, they can help you explore new options or make any necessary adjustments.
Coffs Harbour home loan insights 2024
Like many regional spots in New South Wales, Coffs Harbour has become a hot destination for homebuyers looking for more space and better bang for their buck compared to other cities. Here are some highlights of the Coffs Harbour loan market:
- Median property value in Coffs Harbour: $767,064
- Average interest rate: 6.28% p.a. (owner occupier)
- Home deposit required in Coffs Harbour: $38,353 - $153,413 (5% - 20% of the median property value)
- Average home loan repayment for a Coffs Harbour home: $3,790 per month (based on median value, 20% home deposit paid and average interest rate paid over a 30-year loan term)
Coffs Harbour property insights 2024
Over the past year (from July 2023 to July 2024), property prices in Coffs Harbour have declined slightly by 0.8%, despite sales volumes jumping by 13.3%, according to the latest CoreLogic data.
Keep in mind that different neighbourhoods in Coffs Harbour will have their ups and downs. So, if you’re thinking about buying in the area, it’s crucial to research specific suburbs and properties. Your broker can even provide detailed property reports to help you make a smart choice.
Some of the top-performing suburbs in the Coffs Harbour region
| Suburb | Median value | Annual price growth |
|---|---|---|
Boambee | $1,397,500 | 31.8% |
Emerald Beach | $955,000 | 5.2% |
Coffs Harbour | $790,000 | 3.9% |
Sapphire Beach | $1,250,000 | 1.6% |
Sandy Beach | $842,500 | 1.2% |
Sawtell | $1,145,000 | 0.4% |
Investing in property in Coffs Harbour
For property investors in Coffs Harbour, here are some key insights from CoreLogic’s latest data.
Median weekly rent (all dwellings)
$661
Current gross rental yield
4.3%
Rental growth (July 23 - July 24)
5.4%
Average days on market for property sales
63
Why should I choose you over other Coffs Harbour mortgage brokers?
Coffs Harbour is a sought-after spot for all kinds of buyers. With beautiful beaches, the iconic Big Banana, and property prices that are much more affordable than in other parts of NSW, it’s easy to see why so many Australians either call Coffs Harbour home or choose to invest here.
The competition for the best homes can get pretty intense, so having an edge can really help. That’s where a local mortgage broker comes in. We’ll help you understand your borrowing power, find the right loan, and take care of the entire application process from start to finish.
If you’re looking to refinance in Coffs Harbour, we’ve got plenty of experience negotiating with lenders. Whether you’re upsizing, downsizing, tapping into equity, consolidating debt, or just trying to find a better rate, we’re here to help you find a great deal. Reach out to us today to see how we can assist you.