Moore Park mortgage broker
Moore Park mortgage broker
A mortgage broker
who knows Moore Park.
Almost entirely parkland and entertainment precinct rather than housing, which means most people searching here are really buying next door. We compare 35+ lenders and it costs you nothing.
35+
Lenders
10+
Years experience
1,000+
Clients helped
$0
Cost to you
About Moore Park
What the 2021 market actually looks like
History of Moore Park
Set aside as public common in the 1860s and named for Charles Moore, the mayor who pushed for it. The Royal Agricultural Society showground stood here until 1998, when the Easter Show moved to Homebush and the old showgrounds became the film studios and the Entertainment Quarter. The sporting grounds have been here almost as long.
Moore Park property market
There is barely one. Around three quarters of the suburb is parkland across sixteen separate reserves, with the sports grounds, the golf course, the studios and the Entertainment Quarter taking up most of the rest. The resident population is measured in dozens rather than thousands, and almost no dwellings change hands.
Moore Park property prices
Published figures for this postcode are drawn from so few transactions that they tell you very little, and most property portals showing listings here are actually pulling from the surrounding suburbs. If you are looking at what appears to be a Moore Park property, check which suburb the title is actually in before you go further.
Borrowing around Moore Park
In practice, people searching here buy in Surry Hills, Paddington, Waterloo, Zetland, Redfern or the Centennial Park fringe. That is worth planning for, because those markets behave very differently from each other. A pre-approval that works across all of them is more useful than one built around a single street.
Moore Park is one of the areas we cover across Sydney, and the one with almost no housing on it.
Searching one suburb,
buying in another?
Most people looking here end up next door. We will set the finance up so it works wherever you land.
Your broker
Meet Ali Hasani
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.
Not sure what you
can actually borrow?
Plenty of people search for months against a number they guessed. The check is free and takes one conversation.
Client stories
How we helped
Three real situations, and what actually happened in each one.
Their ceiling was invented.
They had a solid deposit and had settled on a figure they believed was their limit, without ever putting it in front of a lender. It was a guess and it was well short. Once we ran their position properly across the panel the number came back a long way above their assumption, and the suburbs they could realistically look at changed along with it entirely.
The search widened quickly.
They had been focused on one small pocket and were losing out repeatedly. With pre-approval in place and property reports on comparable homes a few streets either side, they could see what the same money bought in neighbouring suburbs. They bought within a month, in a suburb they had not originally been looking at, for less than they had been bidding.
One property became two.
A growing household wanted a bigger home and assumed the current place had to be sold to fund it. Once we ran the numbers it did not. We restructured the lending, used the equity they already held as the deposit, and kept the two loans on separate securities rather than tied together. Because holding a former home affects tax, they worked that side through with their accountant.
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 Moore Park 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 for every Moore Park 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 mortgage broker actually 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.
Your job matters
Home loans by profession
Some lenders drop lenders mortgage insurance for certain jobs, which is worth checking before you set a deposit target. The lists and the limits differ from one lender to the next.
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.
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.
★★★★★
"Cannot recommend Ali highly enough. He made a complicated and daunting process incredibly easy, and continually went above and beyond. Would absolutely recommend him to everyone."
★★★★★
"Ali is super knowledgeable, reasonable and personable! He will be realistic with what is possible but always find you the best deal whilst making you feel looked after."
★★★★★
"Ali is a maestro with a wealth of experience in home lending business, mixed with excellent people skills. His professional and supportive approach is a safe pair of hands to work with to get the required funds for your goal in the property market."
FAQ
Moore Park questions, answered
Is there actually a property market in Moore Park?
Barely. The suburb is overwhelmingly parkland, sports grounds and the entertainment precinct, with a resident population measured in dozens. Almost nothing trades. If a listing appears under this postcode, it is worth checking which suburb the title sits in, because most portals showing Moore Park results are drawing from the suburbs around it.
So where do people searching Moore Park usually buy?
Surry Hills and Paddington to the north, Waterloo, Zetland and Redfern to the west and south, and the residential fringe around Centennial Park to the east. They are quite different markets, from Victorian terraces through to large new apartment developments, and the lending questions differ with them. It helps to know which you are heading towards before you start.
Should I get pre-approval before I know which suburb?
Yes, and that is the point of it. Pre-approval is based on your position rather than a particular property, so one approval works across every suburb you might look in. What it does not cover is the specific property, which is assessed separately once you have a contract. Knowing your number first is what lets you compare areas sensibly.
Does it matter to a lender which suburb I buy in?
It can. Lenders form views about property types and sometimes about particular buildings or areas, and those views differ between them and change over time. Rather than guess, tell us where you are looking and what sort of property, and we will tell you which lenders suit before you make an offer.
How do I compare a terrace against an apartment?
On the numbers rather than the feel. A terrace usually costs more, returns less rent against the price and carries no levies. An apartment costs less, returns more proportionally and carries levies that count as a commitment in the assessment. Which one your income supports is a different question from which one you prefer, and it is worth answering first.
How much deposit will I need?
Twenty per cent avoids lenders mortgage insurance, and how large that is depends entirely on which suburb you land in. Many buyers proceed with five or ten per cent and pay the insurance instead. Some occupations qualify for a waiver, a family guarantee can reduce what is needed, and if you already own, equity generally does the job of cash.
What is lenders mortgage insurance?
One premium, paid once, that kicks in when borrowing tops eighty per cent of the property value and protects the lender rather than the borrower. Most people fold it into the loan. Four routes avoid it: a bigger deposit, an occupational waiver available through some lenders, a family guarantee, or the Australian Government 5% Deposit Scheme where you meet the criteria.
Can I use the 5% Deposit Scheme around here?
It depends heavily on which suburb and which property, because the scheme has a price cap. Apartments in Waterloo, Zetland or Redfern can fall under it where terraces in Paddington or Surry Hills will not. The scheme lets an eligible first home buyer purchase with a 5% deposit and pay no lenders mortgage insurance, with Housing Australia guaranteeing the gap to 20%.
How does a guarantor loan work?
A relative pledges part of the equity in their own property so the lender holds extra security behind your loan. No cash moves and the repayments stay entirely yours. The pledge is usually capped at a set amount rather than covering their whole house, and it can be lifted once your borrowing has dropped far enough against the value of the property you bought.
What costs sit on top of the deposit?
Transfer duty is usually the largest, then transfer and mortgage registration fees, conveyancing, building and pest or a strata report, insurance before settlement, and adjustments for rates and levies the seller has already paid. A lender will not fund most of it. Mapping the full figure early saves an unpleasant surprise in the final fortnight.
How long does pre-approval last?
Around ninety days as a rule, renewable with updated payslips and statements. Each formal application also leaves a record on your credit file, so it is better to prepare one properly than lodge with several lenders to see who says yes. Working out which lender suits before anything is submitted is part of what we do.
What reduces my borrowing capacity?
Credit card limits regardless of what you owe, existing loan repayments, ongoing commitments, study debts and dependants. Lenders also test whether you could repay at a rate well above the one you will actually pay. Clearing or reducing small facilities before applying often does more for the outcome than a marginally sharper rate would.
Do strata levies affect what I can borrow?
Yes, because levies count as an ongoing commitment in the assessment. Two apartments at the same price can produce different borrowing outcomes if one building carries much higher levies. In the newer developments around here with pools and gyms, those figures are substantial, so they belong in your sums alongside the price.
What is an offset account?
A transaction account linked to your loan, where the balance is deducted before interest is calculated. Money held there reduces the interest you pay while remaining fully accessible. It suits anyone carrying a working balance. Some loans with an offset carry a slightly higher rate or an annual fee, so it depends on what you typically hold.
Can I split the loan?
Yes, and most lenders allow it at no extra cost. A split divides the borrowing into portions on different rates or terms, so you might fix one part for certainty and leave another variable with an offset attached. It also lets you keep a consolidated debt on a shorter term. Lenders rarely raise it unprompted.
Should I keep my current place and rent it out?
Worth pricing against selling rather than deciding on instinct. The questions are whether your income supports both loans once part of the rent counts, and whether equity can be released without a sale. Keeping a former home changes its tax position, so that conversation belongs with your accountant before anything is settled.
How much of the rent will a lender count?
A portion rather than all of it. Expected rent is discounted for vacancy, management and running costs, with the figure differing between lenders, and the loan is assessed at a rate above the one you actually pay. Levies then come off as an expense on an apartment.
The property I am looking at is unusual. Does that matter?
It can, and a general answer is no use. How a lender treats a compact apartment, an older terrace, a small strata scheme or a particular development all differ between lenders and change over time. Send us the address before you make an offer and we will check it across the panel for you, whichever suburb it turns out to be in.
Should I use my bank or a mortgage broker?
A bank offers its own loans under its own rules and its own view of every property type. If you are comparing suburbs and property types, one lender view is a narrow sample and it will not tell you where another would do better. We compare 35+ lenders first, at $0 cost to you.
Your Moore Park mortgage broker
Your home loan.
Made simple.
Free check. No pressure. 35+ lenders compared at $0 cost to you.
Moore Park sits between the city fringe and the eastern suburbs, ringed by the places people actually buy. Surry Hills and Darlinghurst lie north, with Centennial Park east and Rushcutters Bay beyond. Waterloo, Zetland and Redfern run south west, with Chippendale and Darlington further on and World Square, Haymarket and Town Hall in the city. We cover all of them, so if your search shifts a suburb or two, you are not starting from scratch.