Randwick mortgage broker
Randwick mortgage broker
A mortgage broker
who knows Randwick.
Home loans in Randwick 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 Randwick
Each one runs differently here, because the hospital and the university drive a rental market that reshapes how investors and first buyers approach the same units.
First home loans in Randwick
Units are the way in, and Randwick has thousands of them, more than almost any suburb in the east. The Australian Government 5% Deposit Scheme comes with a property price cap in NSW, and many Randwick units sit under it. Because so many local buyers are medical and university staff, this is also where profession based lending matters, since some jobs skip lenders mortgage insurance entirely. A family guarantor loan is the other common way to shrink the deposit.
Buying your next home in Randwick
The step from a Randwick unit to a Randwick house is a big one, and houses are scarce here against a huge pool of units, so timing matters. Some people move up within Randwick. Others keep the unit, let the strong rental demand help carry it, and buy the family home in Coogee, Maroubra or further out. Selling first or buying first changes how the loan is built, and bridging finance covers the gap when the two settlements will not line up.
Investment property loans in Randwick
This is one of the best unit investment cases in the east. The hospital, the university and the racecourse feed a rental market that barely thins out, and unit yields run close to 3.8%. Lenders count expected rent towards what you can afford, so that steady rent does real work in the assessment. Houses are the opposite at around 2%, a capital growth play. Keeping the new loan separate from the home loan matters for tax, so speak to your accountant early.
Refinancing a Randwick home loan
Values here hold up well thanks to constant demand, so the equity in your place may be more than you last checked. That figure can fund a renovation, a deposit on the next purchase, or the release of a parent's home still sitting as security on your loan. A refinance is also the one moment the rate, the structure and the years left on the loan all get looked at together, which rarely happens if you leave the loan sitting where it is.
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 Randwick unit with less than a 20% deposit, and some suit this market better than others. We can walk you through them before you start inspecting.
About Randwick
What the 2031 market actually looks like
History of Randwick
Randwick grew around its racecourse, which opened in 1860, and took its name from a town in England. The university and hospital arrived last century and reshaped it, and today the light rail links The Spot and the racecourse straight into the city six kilometres away.
Randwick property market
Units dominate here, over ten thousand of them against a few thousand houses. The hospital, the university and the racecourse keep renters flowing year round, so investors and first buyers compete for the same apartments, while the smaller pool of houses trades as a blue chip market of its own.
Randwick property prices
Houses sit near $3.8 million on a tight market, with around 168 sold in a year on a yield near 2%. Units sit near $1.3 million and trade in far greater numbers, over 430 in the same period, on a stronger yield close to 3.8%. That deep, liquid unit market is what defines Randwick.
Borrowing in Randwick
On a house you are past the loan size where lenders add their own checks and trim how much they fund. On a unit the building decides it, and some blocks near the university have a high investor share or small studios that a few lenders treat cautiously. Send us the address before you offer.
Whether it is a house or a unit, we know which lenders are comfortable with each, here and across the Eastern Suburbs.
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.
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.
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.
Client stories
How we helped in Randwick
Three real situations, each one won on the assessment rather than the asking price.
A doctor who skipped the insurance.
A hospital registrar was buying their first place near work with a 10% deposit and had braced for a big lenders mortgage insurance bill on top. Because of their profession, one lender on our panel waived the insurance entirely, treating the medical role as lower risk. That saved a five figure sum and meant more of their cash stayed in an offset against the loan. Same unit, same deposit, but the right lender turned a large one off cost into nothing at all.
Rent that made the loan work.
An investor wanted a Randwick unit and their own bank said the borrowing did not quite stack up. The sticking point was how that lender treated rental income. We moved the application to a lender that counted a higher share of the strong local rent towards serviceability, which is fair given how steady demand is near the hospital and university. The same purchase, the same rent, assessed by a different lender, cleared comfortably. Which lender reads the rent decides these deals.
A guarantee that had done its job.
Years earlier a couple had bought their first Randwick unit with a parent's home as extra security. The loan had since come down and the unit had risen, but the guarantee was still sitting on the parents' title, quietly limiting what those parents could do with their own home. We had the property revalued, showed the loan was now comfortably under the level that needed support, and arranged the release. The parents came off the loan entirely, without a dollar changing hands.
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 Randwick 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 Randwick for every plan
First home
Learn more
Next home
Learn more
Investment property
Learn more
Refinancing
Learn more
Construction loans
Learn more
Bridging loans
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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.
Your job matters
Home loans by profession
Some lenders drop lenders mortgage insurance for certain jobs, and Prince of Wales Hospital is right here in the suburb. 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
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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.
★★★★★
"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."
★★★★★
"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."
★★★★★
"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."
FAQ
Randwick 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 get a home loan in Randwick?
Start with pre-approval, not with open homes. We go through your income, debts and deposit, sort out what different lenders will count, and set your number before you fall for a place. Randwick has a couple of local angles. It is heavily a unit market, so the building matters, and a lot of buyers here are hospital and university staff, which opens up profession based lending. A house and a unit suit different lenders. We compare 35+ lenders at $0 cost to you.
Why use a mortgage broker in Randwick?
Because Randwick is a deep unit market with a lot of medical and university buyers, and lenders treat both differently. One counts rental income more generously, another waives insurance for a given profession, a third is cautious about a particular block near the university. Get the pairing right and a marginal application becomes a clear approval. A single bank gives you one answer. A broker checks several. Brokers also carry a legal duty called the Best Interests Duty, so we put you first.
Do doctors and hospital staff get better home loans in Randwick?
They can, and Randwick is one of the best places in Sydney for it, given the hospital and university on the doorstep. Some lenders waive lenders mortgage insurance entirely for certain medical and professional roles, which can save a five figure sum on a low deposit purchase. Others lend a higher share of the property value to these buyers. The waiver depends on the exact profession and lender, so it is worth checking your role against the policies before you assume anything.
How much deposit do I need for a first home in Randwick?
A 20% deposit avoids lenders mortgage insurance, and on a Randwick unit that is a big but reachable number. There are ways in with less. The Australian Government 5% Deposit Scheme comes with a property price cap in NSW and many Randwick units sit under it. A family guarantor loan shrinks the deposit another way. And if you work in a qualifying profession, some lenders waive the insurance entirely. Which doors are open depends on your income, your job and the building, so it is worth checking.
Can I use the Australian Government 5% Deposit Scheme in Randwick?
Often, yes. The scheme lets eligible first home buyers purchase with a 5% deposit and no lenders mortgage insurance, and it covers units as well as houses. It comes with a property price cap in NSW, and a good share of Randwick units sit under that line, especially one and two bedders away from the newest blocks. The cap is measured against the contract price, not the listing guide. We check your eligibility and the specific property in the same conversation.
Is a Randwick unit a good investment?
On the rental side it is one of the strongest cases in the east. The hospital, the university and the racecourse feed a rental market that barely thins out, unit yields run close to 3.8%, and vacancies are short. Lenders count expected rent towards what you can borrow, so that steady rent does real work in the assessment. The trade off is that some near university blocks are investor heavy, which a few lenders treat cautiously, so the building is worth checking before you buy.
Can I upgrade from a Randwick unit to a Randwick house?
It is a large step, because houses here are scarce and blue chip against a huge pool of units. Some buyers get there on unit equity plus income. Others keep the unit as an investment, let the strong local rent help carry it, and buy the house in Coogee, Maroubra or Kingsford. The key is knowing your real borrowing number early, since Randwick houses are tightly held and the right one does not wait around when it finally lists.
Can I buy the next home before the Randwick one sells?
Yes, with bridging finance. It is short term borrowing secured over both properties that funds the new purchase while the old place is still on the market, with interest that usually accrues rather than being paid monthly, and it clears when the sale settles. With Randwick houses tightly held, buying first can make sense so you do not miss the right one. Selling first gives you a fixed number to work with. We price both orders so the numbers make the call.
When is it worth refinancing a Randwick home loan?
Constant rental demand keeps Randwick values firm, so the first reason is often untapped equity that can bankroll a renovation or a second deposit without you realising it is there. Beyond that, watch for a fixed term expiring, an investment loan flipping from interest only to principal and interest and jolting the repayment up, or simply a rate that has quietly fallen behind the market since you settled. We put your current loan against 35+ lenders and tell you honestly if moving even helps.
How much equity can I use?
Usable equity is roughly 80% of what your place is worth today, less what you still owe. Past 80% and lenders mortgage insurance usually returns. In Randwick, steady demand keeps values firm, but a renovated unit and an original one in the same block can still value differently, and lenders' valuers do not always agree. That equity funds renovations, next purchases and investment deposits, so it is worth pinning down properly rather than trusting a portal estimate.
Fixed, variable or split, and do I need an offset?
It depends on you. A fixed rate buys certainty for a set term but locks you in, with break fees if you leave early and limited extra repayments. Variable trades that certainty for freedom to overpay and move. Split it and you hedge both. An offset sits beside the loan as a savings account whose balance quietly cuts your interest while the cash stays yours, which suits salaried medical staff and self employed owners alike. We fit the structure to how your money actually moves.
Do lenders treat Randwick apartments differently?
Some do. Blocks near the university can have a high investor share or a lot of small studios, both of which make a few lenders cautious. Older walk ups raise questions about the building rather than about you. Some newer high density blocks hit a lender's exposure cap, where they already hold too many loans in one address. And a handful of older buildings are company title, which many lenders restrict. The same unit can be approved by one lender and declined by another.
Can I get a Randwick home loan if I am self employed?
Yes, and Randwick has plenty of business owners and consultants alongside its salaried medical crowd. Most lenders want two years of tax returns, some accept one, and a few work from business bank statements. What moves the number is the add backs, because depreciation, one off costs and extra super contributions can often be counted back as income. Lenders read the same set of financials differently, so which one sees your file can change what you are able to borrow.
What happens if the valuation comes in under the price?
The bad news usually arrives late, since a lender only values once contracts are exchanged, and auctions give you no cooling off to fall back on. The first fix is a second opinion, because another lender runs a different valuation panel and can land higher on the same unit, particularly once you hand their valuer fresh comparable sales from the block. If the figure still falls short, you top up the difference in cash at settlement, which is why that cash buffer has to be in place before you ever sign.
I am an investor buying near the hospital or university. Anything to watch?
A couple of things. The rental demand is excellent, but some blocks close to the university are heavily investor owned or full of small studios, and a few lenders limit how much they will lend against those, or ask for a larger deposit. Student style studios under a certain floor size can also be restricted. None of it rules out a good buy, it just narrows which lender suits it. We check the building alongside your numbers so the finance is not a surprise at the end.
I live in Randwick but I am buying somewhere else. Can you still help?
Absolutely, it is half of what we handle here. Randwick is full of people renting near the hospital or campus who buy their first home somewhere the deposit reaches further, plus owners picking up investments across town. The address on the contract shifts which lenders and rules apply, never the way we work with you. We meet by phone, Zoom or Teams, or drive out to you, weeknights and weekends, wherever the property turns out to be.
Your Randwick mortgage broker
Your home loan.
Made simple.
Free check. No pressure. 35+ lenders compared at $0 cost to you.
Randwick does not sit on its own. The racecourse, the hospital and the university anchor the middle, with Coogee and the beach a short run east and Kingsford and Kensington to the south. Buyers who start here often look to Maroubra for a house with more space, or across to Paddington and up the hill to Bellevue Hill. The beaches run north through Waverley to Bondi, and the harbour side out through Rose Bay and Vaucluse to Watsons Bay. We cover all of them, so if your search shifts a suburb or two, you are not starting from scratch.