Rosebery mortgage broker
Rosebery mortgage broker
A mortgage broker
who knows Rosebery.
A suburb with two markets a long way apart, where plenty of people buy an apartment first and try to move up to a house later. We compare 35+ lenders and it costs you nothing.
35+
Lenders
10+
Years experience
1,000+
Clients helped
$0
Cost to you
About Rosebery
What the 2018 market actually looks like
History of Rosebery
Laid out from 1912 as a planned garden suburb on the old Rosebery racecourse land, with wide streets and detached houses built for workers at the surrounding factories. The industry stayed, and much of it is still here, which is why working warehouses sit a street or two from the housing rather than having been cleared away.
Rosebery property market
Two quite separate markets. Original garden suburb houses on proper blocks through the residential streets, tightly held and rarely traded, and a large and growing apartment market built on former industrial land near Green Square. Working industrial premises remain throughout, with more than a hundred warehouses on the leasing market at any time.
Rosebery property prices
The gap between the two is enormous, with houses several times the price of a one bedroom apartment in the same postcode. A suburb median blends them and describes neither. Rents are low relative to house prices and rather better relative to apartments, which is what drives the different buyer pools.
Borrowing in Rosebery
The interesting question here is usually the second purchase rather than the first. Moving from an apartment to a house in this suburb is a very large step in price, and how you fund it, whether you sell first, and whether the apartment is kept or sold all change what is possible. That is worth planning well before you list anything.
Rosebery is one of the suburbs we cover across Sydney, and the one with the widest gap between its two markets.
Moving up from an
apartment to a house?
Whether you sell first changes everything. We will map both routes against your position before you commit.
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.
Told you cannot afford
your own repayment?
Lenders test you well above the rate you actually pay. Some apply a smaller buffer on a straight refinance.
Client stories
How we helped
Three real situations, and what actually happened in each one.
No deadline sat on the sale.
They found the house they wanted while their apartment was still unsold, and were being pushed towards accepting a soft offer so the dates would line up. Bridging finance funded the purchase while the apartment stayed on the market, so they held both for a period and cleared the bridge once it sold. They sold on their own terms rather than to somebody else timetable.
Selling was never required.
A growing household wanted a house and assumed the apartment had to go 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.
Tested above their real rate.
They had paid the same loan without a late payment for years and were told they could not afford to move to a cheaper rate. Nothing about their spending was the issue. Lenders assess you at a rate well above the one you actually pay, and that buffer left them just short. We found a lender applying a smaller buffer on a like for like refinance and it went through.
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 Rosebery 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 Rosebery 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 matters at Rosebery house prices. 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
Rosebery questions, answered
Why use a mortgage broker in Rosebery?
Because the two markets here behave nothing alike and most people end up moving between them. Whether you sell first, keep the apartment or bridge the gap changes what you can do, and lenders differ on all of it. We compare 35+ lenders at no cost to you and manage the application through to settlement, under a legal obligation called the Best Interests Duty.
Should I sell before I buy, or buy before I sell?
Both work and they carry different risks. Selling first gives you a known figure and means renting or moving twice if the timing slips. Buying first removes that but needs funding for the overlap. Which suits depends on your equity, your income and how the market is moving, and it is worth deciding deliberately rather than by default.
How does bridging finance actually work?
The lender funds the new purchase while you still own the old property, so you hold both for a period, and the sale proceeds clear the bridging portion when it settles. You are assessed on the whole position for that window. There is a limit on how long the arrangement runs, so it suits a property expected to sell rather than one that might sit.
What if my property does not sell during the bridging period?
That is the risk worth understanding before you take it on. Bridging arrangements run for a set period, and if the sale has not happened by the end of it, you are left carrying the full borrowing on both. It is why the sale price expectation needs to be realistic rather than hopeful, and why bridging suits some situations and not others.
Can I use equity instead of bridging?
Often, and it is cleaner where it works. Rather than a bridging facility, you release equity from the property you already own to fund the deposit and costs on the new one, then sell afterwards with no deadline attached. It depends on having enough equity and enough income to carry both loans for a while, which we test before you commit.
Should I keep the apartment and rent it out?
It is worth pricing properly rather than deciding on instinct. The questions are whether your income supports both loans once part of the rent counts, whether equity can be released without a sale, and what the levies do to the numbers. Keeping a former home also changes its tax treatment, so speak 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 then assessed at a rate above the one you pay. Strata levies come off as an expense too, so the counted figure sits well below the rental appraisal.
Why would a lender say I cannot afford what I already pay?
Because they do not assess you on your actual repayment. Lenders test whether you could repay at a rate meaningfully above the one you are charged, and they apply the same treatment to your existing commitments. It is the most common reason a capable borrower comes back short, and it reflects the method rather than how you manage money.
If I fail that test, is refinancing off the table?
Not necessarily. Some lenders apply a reduced buffer where you are moving a like for like loan to cheaper pricing with nothing extra drawn and a clean repayment record, on the reasoning that a lower rate cannot leave you worse off. Not every lender offers it and the conditions differ, so it needs checking properly rather than assuming.
How much equity can I use?
Broadly eighty per cent of what the property is worth today, less what you still owe, with lenders mortgage insurance generally returning past that. On an apartment bought recently that figure may be modest, and on a house held for years it is often far larger than owners expect. Servicing usually sets the practical limit.
Why keep the two loans separate?
Because tying both properties to one lender for the same borrowing costs you flexibility. Every later request gets weighed against the whole arrangement, and selling either one becomes a negotiation rather than a decision. Keeping each property securing its own loan avoids that, and it keeps investment borrowing clearly identifiable for your accountant.
How much deposit will I need?
Twenty per cent avoids lenders mortgage insurance, and how large that is depends entirely on which of the two markets you are in. Many buyers proceed with five or ten per cent and pay the insurance instead. Some occupations qualify for a waiver, and if you already own, equity generally does the job in place of cash.
What is lenders mortgage insurance?
A one time premium that applies once borrowing tips over eighty per cent of the property value, covering the lender if the loan goes bad rather than covering you. It is generally added to the loan instead of paid separately. Sidestep it with a larger deposit, an occupational waiver through certain lenders, a family guarantee, or the Australian Government 5% Deposit Scheme.
Can I use the 5% Deposit Scheme here?
At the apartment end it genuinely can, since prices there more often sit under the scheme cap, while houses here sit well above it. 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%. It applies to a home you will live in.
How does a guarantor loan work?
A family member, most often a parent, puts a portion of the equity in their own home behind your loan as extra security. Nothing leaves their account and the repayments remain yours. The pledge is usually limited to a defined sum rather than the entire property, and it can be released once your loan has fallen far enough against your own property value.
What costs sit on top when I upgrade?
More than people plan for. Transfer duty on the purchase is the largest, then agent commission and marketing on the sale, conveyancing on both sides, moving costs, and adjustments at each settlement. Where bridging is involved there is interest on the overlap as well. Mapping the whole figure early is what stops the last fortnight becoming a scramble.
Do strata levies affect what I can borrow?
Yes, because levies count as an ongoing commitment in the assessment. If you keep an apartment while buying a house, those levies come off your capacity on top of both loan repayments. In the newer developments around here with pools and gyms, that figure is substantial enough to change the outcome.
Does the working industrial nearby matter?
It can affect what a valuer and a lender make of a specific address, since a good deal of industry still operates through this suburb rather than having been cleared. It is not a general problem and it is a property by property question. If the place you are looking at backs onto or sits above commercial premises, send us the address.
How long does pre-approval last?
Around ninety days as a rule, renewable with updated payslips and statements. When you are upgrading, timing matters more than usual, because the approval needs to be live at the point you commit to a purchase and it may need refreshing if a sale takes longer than expected.
What happens if the valuation comes in under the price?
The lender advances against its valuation rather than the price you agreed, so any gap is covered in cash at settlement. In the apartment market here a valuer has plenty of comparable sales. On a house, where few trade and every block differs, there is more judgement and more variation between lender panels.
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 holding sale proceeds or funds set aside for an upcoming purchase, since the money works for you while staying available.
Offset or redraw?
Offset money stays in your own account and never becomes part of the loan. Redraw money has already been paid in as extra repayments and comes back out under terms the lender can change. Offset gives cleaner access, which matters when you may need funds for a deposit at short notice. Redraw generally sits on a simpler loan at a lower rate.
Should I fix the rate while I am upgrading?
Usually not while the position is still moving. Fixed loans commonly cap extra repayments and can carry break costs if you pay out early, which is exactly what happens when a property sells. Once things have settled and the arrangement is stable, fixing part of the borrowing is a more sensible conversation.
When is refinancing worth looking at?
Whenever a couple of years have gone by without comparing, because lenders reserve their sharper pricing for new customers and the gap widens quietly. It is also worth a look once an upgrade has completed, since the securities and the loan structure often need tidying up afterwards and that costs nothing to review.
What does refinancing cost?
Allow a few hundred dollars through to roughly a thousand. There is a discharge fee from the lender you are leaving, government charges to register the change, and sometimes settlement or valuation costs from the new one, though a good number waive them. If your rate is fixed, the break cost is what determines whether it is worth doing.
Do we have to meet in person?
No. Everything runs by phone, Zoom or Teams, and most of our clients never sit across a desk from us. Documents are shared and signed electronically, which suits an upgrade where two settlements need coordinating. If you would rather meet face to face we come to you, including evenings and weekends.
Should I use my bank or a mortgage broker?
A bank offers its own loans under its own rules, including whether it will bridge at all and how it assesses you while you hold two properties. If the answer is no, that is the end of it there. We compare 35+ lenders first and map both routes, at $0 cost to you.
Your Rosebery mortgage broker
Your home loan.
Made simple.
Free check. No pressure. 35+ lenders compared at $0 cost to you.
Rosebery sits in the inner south between the old industry and Green Square. Beaconsfield is north and Zetland north east, with Alexandria beyond and Waterloo further on. Mascot lies south towards the airport, with St Peters and Erskineville west and Eveleigh and Redfern north west. Moore Park and Newtown and Chippendale sit further out. We cover all of them, so if your search shifts a suburb or two, you are not starting from scratch.