Mortgage broker Bondi

Getting a home loan in Bondi

Lender appetite in Bondi isn't uniform. Valuations, apartment size rules, postcode concentration limits and the mix of stock all change which lenders will fund a purchase here and at what LVR — and none of that is published anywhere you can read it.

We work that out before you apply, so your application goes to a lender that both wants your income profile and is comfortable with the property. One credit enquiry, not three.

What's different about lending in Bondi

• Loans above roughly $1.5m move into tighter lender policy tiers with lower maximum LVRs and manual assessment.
• Studios and small one-bedroom apartments are common in Bondi and restricted at many lenders on internal-area grounds.
• Bonus, commission and self-employed income is widespread here — the treatment varies by hundreds of thousands of dollars in borrowing power.
• Strong short-stay and permanent rental demand, but lenders assess permanent rent only.

Upfront costs in Bondi

Your deposit is only part of it. NSW transfer duty is the biggest additional cost, and in NSW first home buyers get concessions or an exemption under the state thresholds — which is often the difference between buying this year and next.

Add conveyancing, building and pest, and rate adjustments at settlement, and budget $3,000–$5,000 beyond deposit and duty. Our purchase cost calculator gives you the total cash-to-complete figure rather than just the deposit.

Working with a broker remotely

Home loans in Australia are done digitally end to end — ID verification, document collection, signing and settlement. We work with Sydney clients by phone and video, and you get the same lender panel and the same pricing you'd get sitting in an office.

Our service is free to you. We're paid by the lender that funds the loan, and we disclose it in writing before you apply.

The Bondi property market

Bondi is one of Australia's most expensive postcodes, dominated by art deco walk-up apartments, semis and a small pool of freestanding houses. Two things follow from that for borrowers: most purchases sit above the thresholds where LMI, high-LVR pricing tiers and stricter credit policy apply, and studio or small one-bedroom apartments — plentiful here — face minimum-size rules at many lenders. Bondi buyers are also disproportionately self-employed or bonus-reliant, which is a policy question rather than an income question.