Your Local Mortgage Broker Caulfield

A broker does the comparison work for you. We start by understanding your income, savings, existing property and goals, then search more than 60 lenders for loans that fit. Once you choose, we prepare the application, deal with the lender's questions and keep you updated through to settlement. Knowing Caulfield helps too. Many buyers here are selling one property while buying another, or buying an older home that may need work, and lenders treat those situations differently. We can point you towards lenders whose policies suit your circumstances rather than leaving you to find out after an application is declined.

Caulfield has a mix of houses, townhouses and apartments, and the upfront costs vary with the type you buy. For any purchase, allow for stamp duty, which depends on the price and on any first home buyer exemption or concession, plus conveyancing or legal fees and possible lender application or valuation fees. For an apartment or townhouse, review the owners corporation certificate for fees and special levies. For a house, a building and pest inspection is a sensible extra. Lenders mortgage insurance may apply with a deposit under 20%, unless a scheme such as the federal Home Guarantee Scheme suits you. We go through these costs with you before you commit.

Caulfield combines established streets with good transport. Trams run along Glen Huntly Road (route 67) and Hawthorn Road (route 64), and Glen Huntly, Elsternwick and Caulfield stations are all close by. Caulfield Park is just to the north and Caulfield Hospital sits on Kooyong Road. The 2021 Census showed a balanced mix of separate houses (39.9%), townhouses and semi-detached homes (37.9%) and apartments (21.5%), which gives buyers choice at different price points. For investors, 31.7% of homes were rented at the 2021 Census. As with any purchase, you should weigh the specific property and your own finances.

Often, yes. If you have paid down your loan or your property has increased in value, a lender may let you borrow against that equity to fund the deposit and costs on your next home. Some buyers use bridging finance so they can buy in Caulfield before selling, while others sell first and rent briefly. Each approach carries different costs and risks, and lenders set their own limits on how much equity you can access and how long a bridging period can run. We model the numbers for both paths so you can see your likely repayments before you commit.

It depends on your budget, how much space you need and how long you plan to stay. Townhouses and semi-detached homes made up 37.9% of occupied dwellings in Caulfield at the 2021 Census, so there is plenty of choice in that category. A townhouse usually means a smaller block and possibly owners corporation fees, while a separate house gives more land and flexibility to renovate. From a lending view, both are generally accepted, but valuations and lender appetite can vary with block size and the number of dwellings on a site. We can check how lenders view a property before you bid.

No. You can apply for a home loan without walking into a branch. We gather your documents, compare lenders and lodge the application on your behalf, and most of the process can be handled by phone, email and secure document upload. That suits busy Caulfield families juggling school runs and work. You still deal directly with your chosen lender once the loan is settled, but we remain available if you want to review your loan later, refinance or buy your next property. Having one broker who knows your history can save time when your plans change.