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Best Sunshine Coast Mortgage Broker

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

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What our mortgage brokers offer Sunshine Coast home buyers

Are you on the Sunshine Coast about to buy property or refinance your home loan? Our experts can help you find the best rates from over 45 lenders. When you’re ready to apply, we’ll guide you through the process, saving you time and hassle.

There’s no pressure or obligation to apply — start with an initial conversation, and we’ll explain your options. We’re excited to be in your corner, whether you’re buying your first home or making your next property move.

Here’s how we can assist different types of Sunshine Coast borrowers.

  • First home buyers: The “Sunny Coast” has always been a favourite for first-time buyers, thanks to its more affordable prices compared to Brisbane. We can help you determine your borrowing capacity, compare lenders and apply for pre-approval, so you’ll know exactly which areas and properties on the Sunshine Coast fit your budget. With pre-approved finance, you’ll be able to make a confident offer on your new home.
  • Refinancers: If you’re already a homeowner on the Sunshine Coast, we can help you refinance your home loan to get a better deal. If you purchased recently with a high loan amount, refinancing could save you thousands annually. Or, if you’re looking to tap into equity to cover renovations or other expenses, we can guide you through your options.
  • Investors: Own or planning to buy an investment property on the Sunshine Coast? We can help you get a great finance deal to drive your investment further. Our experts can recommend loan options and strategies that align with your property goals, improving cash flow and maximising property tax benefits.
  • Upsizers and downsizers: Buying and selling property can be a stressful process, but a Sunshine Coast mortgage broker can help make things run smoother. Whether you’re looking to sell first and then buy or need to explore bridging loans to buy before you sell, we’ve got you covered.
  • Complex applications: For Sunshine Coast borrowers in more complicated circumstances, we can open the door to specialist lenders who offer personalised loans. Our panel includes lenders that provide options for self-employed home loans, SMSF finance and bad credit home loans.

Finding the best Sunshine Coast mortgage broker

As a major property hot spot, the Sunshine Coast is also home to dozens of mortgage brokers, ranging from national firms to local solo operators. Before choosing a broker to work with, you should consider:

1

Are they properly licensed?

Brokers are required to hold an Australian Credit Licence under ASIC and be members of professional broking associations like the MFAA or FBAA. This ensures they adhere to industry best practices and regulations, safeguarding your interests and ensuring you receive the best possible service.

2

How experienced are they?

Consider the broker’s experience and area of expertise. A Sunshine Coast broker with extensive experience working with clients like you — whether first home buyers or investment property owners — is more likely to offer tailored and effective support.

3

Do they have good reviews?

Check online reviews on Google or social media to sense check the broker’s reputation. Positive feedback on communication, responsiveness, and successful outcomes is a strong indicator that the broker is well-suited to handle your needs.

4

How many lenders do they have access to?

Find out how many lenders the broker works with. A larger panel means more mortgage options and a higher chance of securing a competitive rate. You should be able to find this information on their website, LinkedIn profile or social media channels. Additionally, check if the broker has access to lenders that offer loans suited to your specific needs.

5

Request an initial consultation

Schedule a meeting with the broker to assess their communication skills and how well they listen to and understand your needs. A good broker will clearly explain home loan terminology, making you feel comfortable and informed. Be mindful of brokers who pressure you into making quick decisions.

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Keep in mind that the best mortgage broker for a Sunshine Coast home buyer might not be based locally. Many Brisbane mortgage brokers and national brands also serve the Sunshine Coast market. While local knowledge can be beneficial, the key is finding a broker who can effectively manage the financial aspects of your transaction and secure the best home loan deal for you.

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

If you use a mortgage broker in the Sunshine Coast, here’s what to expect:

  • Book an initial consultation: During this session, the broker will ask questions to understand your financial situation and goals. It’s also a chance for you to ask questions and determine if they’re a good fit for your needs.
  • Preliminary assessment: Your broker will review your financial details, expenses, and other debts, to calculate your borrowing power. They'll request documents such as your two most recent payslips, up to six months of bank statements, and tax returns to get a complete view of your financial situation.
  • Compare loans: Next, your broker will present you with three to five loan options tailored to your specific needs. This includes details on interest rates, fees, loan features, and any extras like cashback offers available from lenders.
  • Loan application: Once you choose a loan, your broker will help with completing your application. They will gather and submit all required documentation to the lender on your behalf.
  • Lender communication: Your broker will stay in touch with the lender to monitor the progress of your application, address any issues that arise, and keep you updated on the status.
  • Approval and loan offer: Once your loan is approved, the lender will provide a formal loan offer. Your broker will review this offer with you to ensure that all terms meet your expectations and that the fine print is fully understood.
  • Settlement: After all loan documents are signed, your broker will keep you informed about the progress and the settlement date, which is when the funds are paid to the home seller or the bank you’re refinancing from.
  • Post-settlement check-in: If any issues arise with the loan after it has settled, your broker will assist in resolving them with the lender.
  • Loan review: About 12 months after your loan settles, your broker will typically check in to review your loan. If interest rates have changed and your current loan is no longer competitive, they can help you compare new options. If your circumstances have shifted, you can discuss them with your broker to determine the best next steps.

Sunshine Coast home loan insights 2024

Like other regional hubs across Australia, the Sunshine Coast has cemented itself as a popular destination for buyers attracted to its coastal lifestyle and the prospect of strong capital growth.

Here are some key takeaways from the Sunshine Coast home loan market, 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 Sunshine Coast: $1,044,462 (all dwellings according to CoreLogic)
  • Home deposit required on the Sunshine Coast: $52,223 - $208,892 (5% - 20% of the median property value)
  • Average home loan repayment for a Sunshine Coast home: $5,161 per month (based on median value, 20% home deposit and average interest rate paid over a 30-year loan term)

Sunshine Coast property insights 2024

The Sunshine Coast housing market has seen remarkable growth, with the median property value soaring by 71.4% over the past five years. Recent CoreLogic data indicates the region shows no signs of slowing down, with the median value rising by 9.5% in the past year — outpacing the national growth rate of 7.1% for capital cities.

Although prices are skyrocketing as a whole, some areas of the Sunshine Coast have outperformed others. That’s why it’s important to research specific suburbs and properties thoroughly. Thankfully, a good broker can help by providing detailed property reports that guide you in making an informed decision.

Top performing suburbs on the Sunshine Coast

Suburb Median valueAnnual price growth

Montville

$1,480,000

55.8%

Sunshine Beach

$2,850,000

16.8%

Doonan

$2,002,500

16.4%

Sippy Downs

$887,500

14.0%

Coolum Beach

$1,410,000

13.7%

Marcoola

$1,420,000

12.3%

Noosa Heads

$1,965,500

12.3%

Pelican Waters

$1,387,500

11.9%

Buderim

$1,225,000

11.4%

Nambour

$735,000

11.4%

Source: Realestate.com.au based on median dwelling value from September 2023 - August 2024.

Investing in Sunshine Coast property

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

Median weekly rent (all dwellings)

$772

Current gross rental yield

3.7%

Rental growth (July 23 - July 24)

9.4%

Median days on market for property sales

29

Why should I choose you over other Sunshine Coast mortgage brokers?

The Sunshine Coast has long been one of Australia’s most sought-after regional destinations, boasting beautiful beaches, family-friendly suburbs, and more affordable properties compared to Brisbane and the Gold Coast.

With such high competition on the Sunny Coast, any edge you can gain will be crucial. Partnering with a Sunshine Coast mortgage broker can give you that advantage. We’ll help you maximise your borrowing power, find a great loan, and guide you through the application process, so you can act quickly when the ideal property hits the market.

For those looking to refinance on the Sunshine Coast, we excel at negotiating with lenders to secure the best possible deal. Reach out to us today to discover how we can assist you in buying your next home.

FAQs about Sunshine Coast mortgage brokers

We have access to over 45 different lenders, including major banks, credit unions and specialist lenders. At MortgageBroker.com.au, we’ll help you find the most competitive rates and terms, and guide you through each lender’s eligibility criteria to ensure your application experience is stress-free.

At MortgageBroker, our services come at no cost to you. We don’t charge for helping you find a home loan or for supporting you through the application process. Instead, we earn a commission from the lender if you decide to go ahead with a loan through us.

Yes, we certainly can. Our brokers are skilled at working with borrowers of all types with different levels of knowledge. We’ll guide you through every step of the process, from comparing loans to application and settlement. If you have questions at any point, we’re here to provide the answers and support you need.

First, we’ll gather detailed information about your financial situation, goals, and the property you’re looking to buy. From here, we’ll assess your borrowing capacity and loan-to-value ratio, then create a shortlist of lenders and loan options that fit your needs.

We’ll present you with rates, fees, and features of each loan, explaining the pros and cons of each option. We can also highlight any special offers, such as home loan cashback deals, and discuss their relevance to your situation. Additionally, we’ll provide insights on lender eligibility criteria and estimated processing times to ensure you make the most informed choice possible.

Approval times will vary based on your situation and how quickly the lender can process your application. However, for most Sunshine Coast borrowers, we typically complete the process within 2-4 weeks.

Sunshine Coast mortgage brokers must have specific qualifications to ensure they’re licensed and able to provide credit assistance. At the very least, they should hold a Certificate IV in Finance and Mortgage Broking, which covers the essential skills in loan products, regulations and client management.

In addition, brokers need an Australian Credit Licence (ACL) from ASIC and membership in industry associations like the MFAA or FBAA. These memberships reflect a dedication to high professional standards and ongoing education.

Yes, in Queensland, the First Home Owner Grant provides eligible buyers with a one-time $30,000 cash boost. 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 just 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 10,000 reserved for first home buyers in regional areas.

Our mortgage brokers can help you navigate these grants and incentives to find out which ones apply to your situation.

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Money is a corporate authorised representative (CAR 001307399) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C)
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