Mortgage broker Preston

Why Preston buyers use a local broker

Preston is one of the inner north's genuine first home buyer suburbs: units around the $500,000 median sit inside the Victorian duty concession, and houses under $1m are increasingly rare this close to the city. The lending questions here are practical — deposit size, LMI, and which lender treats your income best.

We run your scenario across 40+ lenders so you know your real budget before you start bidding at Preston's competitive weekend auctions.

Preston lending insights we act on

• Units around $500,000 qualify most first home buyers for a stamp duty concession and the 5% deposit scheme.
• Houses near the $985,000 median mostly sell at auction — fully assessed pre-approval matters.
• Larger original blocks with subdivision potential need a valuer comfortable pricing land separately.
• Casual, trade and self-employed income is common here — lender treatment varies widely and drives approval outcomes.

What we help Preston locals with

• First home buyer loans with duty concessions and the 5% deposit scheme.
• Family upgrades with bridging or simultaneous sale-and-purchase structures.
• Refinancing to sharper rates or to fund renovations and extensions.
• Investment loans for units near Northland and the tram corridor.

Free, local and lender-paid

Our service is free to you — we're paid by the lender and we disclose it. You get genuine northern-suburbs lending knowledge at no cost and no obligation.

One point of contact manages your application, valuation and settlement end to end, whether you're buying in Preston, Reservoir, Thornbury or Coburg.

The Preston property market

Preston offers some of the best relative value in Melbourne's inner north, with solid post-war family homes, subdivided townhouses and a steady supply of new apartments around High Street and Preston Market. It's a magnet for first home buyers priced out of Northcote and Thornbury, and for investors chasing yield within 10km of the CBD. Land-rich blocks value well, though brand-new townhouse stock is where lender valuations most often come in short — worth checking before you sign.