Monterey mortgage broker

Monterey mortgage broker

A mortgage broker
who knows Monterey.

Home loans in Monterey for your first home, your next home, an investment or a refinance. We compare 35+ lenders and it costs you nothing.

35+
Lenders
10+
Years experience
1,000+
Clients helped
$0
Cost to you
What we help with

Four reasons people call us in Monterey

Each one runs a little differently here, because Monterey is a bayside suburb of two halves, prestige houses near the water and the more affordable apartments a street back.

First home loans in Monterey
Units are the way in, and there are plenty a street back from the water. The Australian Government 5% Deposit Scheme is set at a $1.5 million cap across Sydney, and most Monterey apartments sit under it while the near water houses sit well over. A 5% deposit with no lenders mortgage insurance is realistic on a unit, and a family guarantor loan or a professional waiver are the other ways in.
Buying your next home in Monterey
The step from a bayside apartment to a near water house is a large one, well over double, so equity in the unit rarely closes it alone. Some people stretch to the water. Others keep the apartment, rent it out and buy the house a little further back. Selling first or buying first changes the loan, and bridging finance covers the gap when the timing does not line up.
Investment property loans in Monterey
A strong rental strip, close to the beach at Lady Robinsons and the airport. Lenders count expected rent towards what you can afford, and apartments here return more than the houses, which sit on a yield close to 2.3%. Older bayside blocks bring their own building questions, and a short stay or holiday history on a unit can change which lenders will look at it.
Refinancing a Monterey home loan
This is where most people find a quick win. Waterfront and near water values have moved, so the equity in your place may be well past what you last checked. A refinance is the moment the rate, the structure and the years left all get looked at together, and it can fund a renovation, release a parent's home used as security, or free up a deposit for the next one.

Whichever one brought you here, the first conversation is the same. We look at where you are now, then show you what each lender on our panel would do with it.

Thinking about
your first home?

There are a few ways into a Monterey apartment with less than a 20% deposit, and which ones are open to you depend on the building as much as on your income. We can work through it before you start looking.

0426 002 202 Let's meet
About Monterey

What the 2217 market actually looks like

History of Monterey
Named after Monterey in California, it grew up as a bayside pocket on Botany Bay. Cook Park and Lady Robinsons Beach run the length of the foreshore, about thirteen kilometres south of the city and minutes from the airport. There is no station in Monterey, with Rockdale on the Illawarra line the closest.
Monterey property market
A bayside suburb of two halves. Prestige houses near the water trade rarely and for a lot, while apartments a street back change hands far more often. Most of what trades here is a unit, many of them within walking distance of the beach and the foreshore path.
Monterey property prices
Houses sit near $2.5 million on a gross yield close to 2.3%, up around 7% over the year. Units sit near $850,000 to $905,000 and have climbed strongly, on a stronger yield near 3.9%. More units trade than houses, so the apartment market is the deeper of the two.
Borrowing in Monterey
Two very different conversations. A near water house is a prestige purchase with few comparable sales, which some lenders value cautiously and which can take longer to sell. A bayside apartment is judged on the building, the strata report and how dense the block is, and a Grand Parade frontage can move the number. Send us the address before you offer and we will tell you which one you are in.

Whether it is a house or a unit, we know which lenders are comfortable with each, here and across the St George area.

Ready for the
next home?

Selling first or buying first changes almost everything about the loan. We can map out every step of the journey.

0426 002 202 Let's meet
Your broker

Meet Ali Hasani

Ali Hasani, mortgage broker for Monterey, based in Ryde

Founder & mortgage broker

MFAA
Member
Former CommBank
Lender
10+ years
Experience

Ali Hasani is the founder of Buyvest. He has worked in home loans for more than ten years, a lot of it at Commonwealth Bank. We meet clients face to face, or by phone, Zoom and Teams, at night and on weekends as well as work hours. We take your loan to 35+ lenders, compare the numbers, and show you the options. Ali is an MFAA accredited broker with a Diploma of Finance and Mortgage Broking Management and a Post Graduate in Accounting.

Looking at an
investment property?

Rent counts towards what you can borrow, and two lenders can land a long way apart on the same purchase.

0426 002 202 Let's meet
Client stories

How we helped in Monterey

Three real situations, all of them about closing a gap that looked too wide.

They stopped chasing 20%.

A young couple had been saving for years and still felt behind, because the target kept moving as fast as they did. They had a little over 5% and assumed that meant waiting. It turned out they were eligible for the government 5% deposit scheme on a Monterey unit, so they bought with the deposit they had and kept the rest of their savings for moving costs and a buffer.

Equity that was not locked away.

An investor was told they had no usable equity. One property sitting at a high loan to value ratio was holding back the whole picture, because their bank treated the lot as one pool. We separated the securities and moved one loan to a different lender. The equity that was supposedly locked became available, and it funded the next purchase without selling anything.

Keeping the home after a split.

After a separation, a client was told they would have to sell, because they could not refinance the loan into their own name. Income was never really the issue. The problem was how the existing loan was structured and how that lender assessed it. We restructured the debt, used a partial equity release to settle the property split, and found a lender whose policy fitted. They kept the home.

These are past client stories, with details changed for privacy. Your own result depends on your situation and what the lender decides.

Free guides

What to know before you buy

Three free guides covering how a Monterey purchase actually runs, from pre-approval to settlement.

Home loan pre-approval

What it covers, and how long it lasts.
Read the guide

Choosing a home loan

Fixed, variable, offset and redraw.
Read the guide

Settlement day

What has to be ready before then.
Read the guide

Read the free guides in the Loan Vault to know how the home buying process works in NSW.

What we do

Home loans in Monterey for every plan

First home
Learn more
Next home
Learn more
Investment property
Learn more
Refinancing
Learn more
Construction loans
Learn more
Bridging loans
Learn more
Guarantor loans
Learn more
No LMI and waived LMI
Learn more
Self employed home loans
Learn more

Not sure where to start? See what a Sydney mortgage broker does.

When did you last
check your rate?

We compare your current home loan against 35+ lenders. If a refinance saves you money we will show you the numbers, and if it does not we will tell you that too.

0426 002 202 Let's meet
Your job matters

Home loans by profession

Some lenders drop lenders mortgage insurance for certain jobs, and St George Hospital in Kogarah is a short drive away. The lists and the limits differ from one lender to the next, so it is worth checking where yours sits.

Home loans for
Doctors
Learn more
Home loans for
Dentists
Learn more
Home loans for
Accountants
Learn more
Home loans for
Lawyers
Learn more

Not sure if your job is on a list? See No LMI and waived LMI home loans, or ask us and we will check every lender on our panel.

Plan ahead

Run the numbers

Free tools that show you where you stand right now.

Property deposit
calculator

Work out the deposit you need for the area you are looking at.
Calculate

Mortgage repayment
calculator

See what your repayments look like at different rates.
Calculate

Home equity
calculator

See how much equity you could use in the home you own now.
Calculate
How it works

Three steps to your loan

1

Financial health check

2

Get pre-approved

3

Settle, then stay in touch

Client reviews

5.0 ★★★★★ on Google

Reviews from clients across Sydney.

★★★★★
"Ali is an excellent broker who truly knows his numbers. He made the entire process of securing two investment loans incredibly smooth and stress-free. What really sets him apart is the valuable advice he provides not just about loans, but also about making safe and smart investments."
Verified Google review
★★★★★
"Ali was very professional and was able to help with our complicated loans to refinance. He kept us up to date throughout the process and made sure my wife and I understood everything before signing and that we had no issues after settlement."
Verified Google review
★★★★★
"Ali is our trusted advisor for many years. He responds swiftly and honestly. He is the best in working out options for loans. He goes above and beyond to get the best outcome for the customers."
Verified Google review
FAQ

Monterey questions, answered

Buying your first home, buying your next home, buying an investment property, or refinancing the loan you already have. The questions that come up for each one.

How do I buy my first home in Monterey?
Units are the usual way in, and the streets back from the water have plenty of them. We look at your income, your debts and your deposit, work out what lenders will count, then get you pre-approved so you know your number before you bid. The Australian Government 5% Deposit Scheme is $1.5 million across Sydney, and most Monterey apartments sit under it, so a 5% deposit with no lenders mortgage insurance is realistic. A family guarantor loan is another route. We compare 35+ lenders at $0 cost to you.
Can I buy my next home in Monterey before my current one sells?
Yes, with bridging finance. It is short term borrowing secured over both properties that funds the purchase while the old place is still on the market, and the interest usually builds up rather than being paid each month. It ends when the sale settles. Near water houses come up rarely, which makes buying first tempting; selling first means you know your number before you bid. Which way round suits you comes down to your own position, so it is worth pricing both.
When is it worth refinancing a Monterey home loan?
This is where most people find a quick win. A fixed period ending is one trigger. So is a rate that has not been reviewed in years, or a guarantee over a parent's home still sitting there. Bayside values have moved, so the equity in your place may be well past what you think. We compare what you have now against 35+ lenders and show you both answers, including the one where staying put comes out ahead. If a switch does not save you anything, we will tell you.
Can I refinance to a sharper rate and unlock equity at the same time?
Often, yes, and they pair up well. A refinance lets you move to a lower rate and release equity in the one application. Usable equity is roughly 80% of what your place is worth today, less what you still owe, and on a near water home that can be substantial. The catch is the valuation, which differs between lenders and can be cautious on prestige coastal property, so the sharpest rate is not always the highest valuation. We weigh both together rather than chasing the rate alone.
Can I buy an investment property in Monterey using equity instead of cash?
Yes, and it is one of the most common reasons people call us. Instead of a cash deposit, we release equity from a property you already own and use that as the deposit and costs on the investment, keeping the two securities separate. Bayside apartments here rent well given the location. If a unit has a short stay or holiday history, that can change which lenders will look at it, and how the borrowing is split affects tax, so run that part past your accountant.
Do you offer digital appointments and evening or weekend meetings?
Yes. We meet by phone, Zoom and Teams, and we can come to you as well. Appointments run in the evenings and on weekends, not just business hours, so the whole loan can be done around work without taking a day off. You can send documents through securely and sign electronically, so wherever you are in Monterey or beyond, distance changes nothing about how we work.
Can refinancing actually lower my monthly repayments?
It often can, and there is usually more than one lever. A sharper rate is the obvious one. Resetting the loan term can bring the monthly figure down as well, though it stretches the loan out, so we show you what that trade costs over time. Dropping products or fees you are paying for and not using helps too. We compare your current loan against 35+ lenders, and if the repayment comes down we show you exactly where the saving comes from.
Can I refinance to consolidate debts or restructure my loans?
Yes. Rolling a car loan, a personal loan or a couple of cards into the home loan can bring the total monthly cost down, because the home loan rate is usually far lower. Restructuring can also lift your borrowing capacity, which matters if a purchase is the next step. The thing to watch is the loan term, since spreading a short debt over a long loan can cost more in the end even at a lower rate, so we structure it to avoid that and show you the numbers first.
Can I refinance to fund a renovation or a deposit on the next place?
Yes, and it is one of the main reasons people refinance here. The equity you have built, roughly 80% of the current value less what you owe, can be released to fund a renovation on a bayside home or to serve as the deposit and costs on the next purchase. Because the valuation drives how much comes out, and valuations differ between lenders, it is worth checking properly rather than guessing off a listing website. We line up the rate and the equity release in the one move.

Your Monterey mortgage broker
Your home loan.
Made simple.

Free check. No pressure. 35+ lenders compared at $0 cost to you.

0426 002 202 Let's meet

Monterey runs along the bay between Brighton-le-Sands and Sans Souci, and it does not sit on its own. Just behind the foreshore sit Rockdale, Arncliffe and Wolli Creek toward the airport. Inland, the St George hub at Hurstville and the hospital at Kogarah are a few minutes away, with Bexley, Mortdale, Oatley and Penshurst beyond. We cover all of them, so if your search shifts a suburb or two, you are not starting from scratch.