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Best Gold Coast Mortgage Broker

Get a great deal on a home loan on the Gold Coast with expert mortgage brokers who’ll help you compare 45+ lenders at once.

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What our mortgage brokers offer Gold Coast home buyers

Connect with a mortgage broker on the Gold Coast to get a great deal on your loan. Whether you’re buying your first home or making your next property move, we can help. We'll make it easy to compare home loan rates from dozens of lenders, navigate the application process and set up your loan so you save money and shave years off the term.

Get in touch today and find out how our team of brokers supports buyers on the Gold Coast throughout their home loan journey.

  • First home buyers: We’ll help you understand the process of getting a home loan and estimate what your borrowing capacity may be. That way you can go house hunting in the parts of the Gold Coast you know you can afford to buy in. When you’re ready to apply, we’ll help you every step of the way, including borrowers looking for a low deposit home loan.
  • Refinancers: If you’re lucky enough to own a property on the Gold Coast, we can help you refinance your home loan to a better deal. Particularly if you bought on the Gold Coast recently with a high loan amount, refinancing could save you thousands of dollars per year. Or if you want to capitalise on rising property values to release equity, we can talk you through your options.
  • Investors: The Gold Coast is always popular with investors. You’ll get even more from your investment if you have the right finance in place. Our team can show you rates from top investment property loan rates and providers and discuss how your loan structure and features fit into your overall strategy.
  • Upsizers and downsizers: Whatever life stage you’re at, right-sizing your home is an important lifestyle step. Make it a less stressful one by working with a Gold Coast mortgage broker who’ll help you make the transition seamlessly. We can help with solutions to help you release equity, or get bridging finance if you want to buy before you sell.
  • Complex applications: For borrowers on the Gold Coast with a more complex situation, we can help you access specialist lenders who offer tailored solutions. For example, our panel of lenders includes those who offer self-employed home loans, SMSF finance and bad credit home loans.

Finding the best Gold Coast mortgage broker

There are plenty of mortgage brokers on the Gold Coast. But finding one with the experience that matches your needs requires some research. Here are some tips to consider:

1

Check online reviews

Online reviews from other Gold Coast buyers will give you a good idea of which brokers provide consistently good service and outcomes for their clients. Look for brokers with excellent reviews from buyers in a similar situation to yours (first home buyer, refinancers, investors etc.).

2

Ask friends and family

Has a family member or close friend you trust used a broker on the Gold Coast recently? If so, ask them if they would recommend their broker. There’s a good chance that if they had a good experience, you will too.

3

How extensive is the broker’s panel of lenders?

Ideally you want to work with a Gold Coast broker who has access to a wide range of lenders – 20 is probably the bare minimum. You also want to make sure that the type of lenders the broker works with is a good match. For example, if you are self-employed but the broker only works with mainstream lenders, this may not be a great fit for you.

4

Check the broker’s specialisation

Not all brokers on the Gold Coast will have experience working with lenders specific to your needs. For example, some will mainly specialise in helping investors, in which case they may not have knowledge of grants and incentives that a first home buyer may have access to.

5

How hands on are they?

How much help will you actually get from your broker? For Gold Coast buyers who aren’t confident dealing with the home loan process, you want a broker who is prepared to get their hands dirty and support you with your application and setting up your loan properly.

6

Watch out for red flags

If you have time, it’s worth booking in an initial consultation with several brokers on the Gold Coast. This is a good opportunity to identify any concerning red flags such as brokers who make unrealistic promises, are cagey about explaining which lenders they have access to or will not commit to high levels of service.

7

Don't limit your options

The best mortgage broker for a Gold Coast homebuyer might not necessarily be based on the Gold Coast. Many brokers in Brisbane will work with Gold Coast buyers, for example. Ultimately you want a broker who can help you with the financial aspects of the transaction specifically and get you the best home loan deal possible.

What’s the process for using a mortgage broker on the Gold Coast?

Here’s a step-by-step guide on using a Gold Coast mortgage broker:

  • Book an initial consultation: This gives the broker an opportunity to ask you questions to establish your financial situation and goals. It also gives you an opportunity to ask the broker questions and work out if they are a good fit for you.
  • Preliminary assessment: Your broker then reviews your financial details and calculates your borrowing capacity. They’ll ask you for documents like your most recent two payslips, up to six months of bank statements, and tax returns to get a clear picture of your position.
  • Comparing loans: Next, your broker will present you with three to five loan options based on the information you provided. The home loan comparison will show the lenders’ rates, fees, loan features and any extras like refinance cashback that may be available from the lenders.
  • Loan application: Once you choose a loan, your broker will help you complete your application. They collect and submit all necessary documentation to the lender on your behalf.
  • Lender follow up (if needed): Your broker will communicate back and forth with the lender to track the progress of your application, address any issues, and relay the information to you.
  • Approval and loan offer: Once your loan is approved, the lender issues a formal loan offer. The broker reviews the offer with you to make sure all terms are as expected.
  • Settlement: Once all the loan documents are signed, your broker will keep you updated on progress and when the loan will settle (paid to the home seller or to the bank your refinancing from).
  • Post-settlement follow-up: If there are any issues with the loan after it has settled and is up and running, your broker will help iron these out with the lender.
  • Loan review: Your broker typically reaches out around 12 months after the loan has settled to review your loan. If rates have changed and your loan is no longer competitive, your broker can help you compare options again. Or if your circumstances have changed, you can discuss these with your broker and decide on next steps.

Gold Coast home loan insights 2024

A good Gold Coast mortgage broker will know the local market inside out and be able to offer home loan insights to help you make decisions. Here are some highlights collated by the team at MortgageBroker.com.au.

  • Average home loan amount: $598,857 (across all Qld)
  • Average interest rate: 6.28% p.a. (owner occupier)
  • Median property value on the Gold Coast: $1,007,029 (all dwellings Gold Coast - Tweed Heads)
  • Home deposit required on the Gold Coast: $50,351 - $201,405 (5% - 20% of the median property value)
  • Average home loan repayment for a Gold Coast property: $4,976 per month (based on median value, 20% home deposit paid and average interest rate paid over a 30 year loan term).

Gold Coast property insights 2024

The Gold Coast has been one of Australia’s star performers for dwelling prices in the last 12 months. Overall Gold Coast property values increased by 12.7% in that period. That's compared to an increase of 7.1% nationally. The median property value on the Gold Coast is 81.5% higher now than it was five years ago.

Of course, some parts of the Gold Coast have performed better than others. Below are the areas where property values have increased by most over the last 12 months.

Top performing areas of the Gold Coast for property values

Suburb Median valueAnnual change (Aug 23 - Aug 24)
  1. Southport

$933,520

17.5%

  1. Broadbeach - Burleigh

$1,305,945

15.1%

  1. Nerang

$1,015,569

14.8%

  1. Mudgeeraba - Tallebudgera

$1,338,126

14.1%

These are the top Gold Coast areas with the highest 12-month value growth on all dwellings (houses and units), according to the latest data from CoreLogic. Information accurate as of September 2024.

Investing in property on the Gold Coast

For Gold Coast property investors, here are some key insights from CoreLogic’s latest data:

Median weekly rent (all dwellings)

$832

Current gross rental yield

4.2%

Rental growth (July 23 - July 24)

7.1%

Average days on market for sales

25

Why should I pick you over other Gold Coast mortgage brokers?

Demand for property on the Gold Coast is fierce and values have been rising significantly. Working with an experienced broker who can help you get your finance sorted fast can help you capitalise on opportunities without delays. The MortgageBroker team can help you compare more than 45 lenders and ensure the entire loan process is efficient and simple for you.

We’ll also leverage our relationships with lenders to negotiate on rates and fees. We’re often able to secure a better deal for clients than what a lender will advertise publicly. In short, we do everything we can to get you a great deal, with outstanding customer service at every step.

FAQs about Gold Coast mortgage brokers

Using a mortgage broker on the Gold Coast should not cost you anything. Instead your broker will likely earn a commission from the lender you choose once your loan has settled. While brokers are paid by lenders for the business they bring to them, each broker is legally obliged to act in the best interest of the client if a conflict arises.

A top broker on the Gold Coast should be able to get you a competitive rate on your home loan, potentially saving you thousands of dollars in interest. By enabling you to compare multiple lenders at once, a broker helps you secure a better deal than you might be able to source by yourself.

Brokers are also experts when it comes to loan structure and leveraging features (like an offset account) to help you save money. A little bit of guidance from a pro can make all the difference when we’re dealing with the large loan amounts required for properties on the Gold Coast.

Each loan application is different and the time it takes to complete the process depends on the borrower’s situation. But all other things being equal, a broker is likely to be able to get things moving faster with a lender than a borrower dealing with the provider directly. Brokers can access different channels for customer support and know lenders processes in detail, making it less likely there will be errors or oversights that delta the process.

Gold Coast mortgage brokers are required to have certain qualifications to ensure they are licensed and able to provide credit assistance. At a minimum, they must have a Certificate IV in Finance and Mortgage Broking, which covers the essential skills and knowledge related to loan products, regulations and client management.

Additionally, they need to have an Australian Credit Licence (ACL) through ASIC and be members of professional associations like the MFAA or FBAA. These memberships indicate a commitment to high professional standards and ongoing education.

Yes you can. We can help you even if you initially got your loan directly from a lender or through a different mortgage broker on the Gold Coast.

Yes, the First Home Owner Grant in Queensland offers eligible buyers a one-time $30,000 cash injection. To qualify, the property must be valued under $750,000, you need to live in it for at least a year from the purchase date, and you must not have received a first home owner grant in any other state or territory of Australia.

There’s also the First Home Guarantee (FHBG), a federal initiative that allows you to buy a home with only a 5% deposit and without paying lender’s mortgage insurance (LMI). For the 2024-25 financial year, there are 35,000 FHBG spots available, with another 10,000 reserved for first home buyers in regional areas.

Our mortgage brokers will be able to help you understand which grants and incentives are applicable to your situation.

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