Home Loans Sydney
Guide to Home Loans Sydney
Sydneysiders have long been torn between whether they would be better off renting their home in this every growing city or should they ‘bite-the-bullet’ and buy.
This is becoming a harder decision as home loans in Sydney, as much as in any other Australian capital city, become harder to obtain as banks, and other financial organizations, continue to shake off the effects of money tightening that resulted from the Global Financial Crisis (GFC).
Featured Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 State Custodians Mortgage Company Breathe Easy Offset Loan |
Enjoy no fees and one of the best interest rates on the Australian market. | 6.27% | 6.18% | $0 / $0 | 95% | $150,000 / $1,000,000 |
 
|
 HomeStar Advantage Loan |
Zero fees and unlimited redraw to keep your loan flexible. | 6.63% | 6.63% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
HomeStar No Fee 100% Offset |
A fully featured loan with no mortgage insurance to pay. | 6.26% | 6.26% | $0 / $0 | 90% | $250,000 / $750,000 |
|
State Custodians Mortgage Company Standard Variable Offset Loan |
A great loan to benefit first home buyers. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
 ANZ Simplicity Plus Basic Home Loan |
Additional repayments and a lifetime low interest rate. | 6.72% | 6.77% | $0 / $ 0 | 80% | $50,000 / $1,000,000 |
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Home loans Sydney – “It’s prime time”
NSW housing minister David Borger has urged potential home buyers to ‘take the plunge’ and buy now, in response to Housing NSW’s quarterly figures regarding house sales and rentals. Rents have skyrocketed while house prices have fallen, the report found.
The report went on to confirm what tenants have felt for some time now, that rents for two bedroom units have risen by over 14 percent and are expected to keep rising.
Across Sydney house prices fell by an average of 7.2 percent, the report found with the biggest falls in the following areas:
- Hunters Hill down 30.5 per cent.
- Mosman down 29.5 per cent.
- Botany Bay down 16.1 per cent.
- Woollahra down 15 per cent.
On the other side of the ledger rents have similarly risen, such as in areas like:
- Fairfield, up 18.5 per cent.
- Holroyd, up 17.9per cent.
- Hurtsville, up 16.7 per cent
- Canterbury, up 21.1 per cent.
Mr Borger commented that the report showed that for the 12 months from December 2008 rental bonds in Sydney remained pretty stable.
“With fewer new rental homes coming into the market and much less turnover in the rental market, there is a danger that rents will continue to rise,” he said.
As the housing industry rises from the GFC and despite home loans becoming tighter, the opportunity to purchase a bargain is there, as the expert opinion predicts prices rising again from midway through 2010, a trend already starting to be seen.
Home Loans Sydney – NSW government offers further incentives to buy.
In an effort to further stimulate home buying in NSW, the state government has improved its home builders bonus by removing the requirement to pay stamp duty on all future new homes valued under $600,000. Any new home under construction when the new incentive came in will have their stamp duty obligations reduced by 25 per cent. This reduction and removal of the necessity to pay stamp duty is available to all new home builders, investors included. First home buyers can save up to $29,490 on the cost of building a new home under this new incentive.
Home Loans Sydney – Choosing the right home loan for you!
Sydneysiders experience the same array of lending institutions as do other parts of the country, such as banks, both Australian and international, building societies, credit unions and other financial institutions. Most offer home loans of variable interest and fixed interest along with their various variations such as interest free and split loan options.
Choosing the right home loan for your particular situation will depend on your own circumstances by taking into account what suits your needs best.
Such things as:
- interest rates,
- your bank or lending authorities policy and
- your own home finance goals.
For instance, if you want to pay off your home loan faster, then you may need to look into a mortgage that incorporates a cheaper interest rate and allows for extra repayments. You can conduct a search on Mortgage Broker Finder today to find trusted mortgage brokers in Sydney so you find the best loan for your needs. Follow the secure links listed below to find mortgage brokers listed in the different regions of Sydney.
- Blue Mountains and Surrounds mortgage brokers
- Canterbury / Bankstown mortgage brokers
- Eastern Suburbs mortgage brokers
- Hawkesbury mortgage brokers
- Hills mortgage brokers
- Inner West mortgage brokers
- Liverpool / Fairfield mortgage brokers
- MacArthur / Camden mortgage brokers
- North Shore – Lower mortgage brokers
- North Shore – Upper mortgage brokers
- Northern Beaches mortgage brokers
- Northern Suburbs mortgage brokers
- Parramatta mortgage brokers
- St.George mortgage brokers
- Sutherland mortgage brokers
- Sydney City mortgage brokers
- Western Sydney mortgage brokers
Related posts:
- Sydney Mortgage Brokers – The Experts You Need For Your Sydney Home Loan
- Sydney City Mortgage Brokers – New South Wales
- Median Sydney home price to top $1 million by 2020
- Home Loans NSW
- Mortgage Brokers in Sydney 2000 – New South Wales
- Home Loans Darwin
- Strong Property Market Continues in Sydney
- Home Loans WA
- Home Loans Hobart
- Top Sydney Suburbs
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
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 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
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 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
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State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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