Article published 01 November 2021
Over the last 5 years, Noosaville has experienced steady increases in it’s property prices with capital gains growth of 46%. Through this growth, the median house price of Noosaville now sits at $1,410,000.1
Noosaville is just a short 5-minute drive to the world renowned Hastings Street, and Noosa’s Main Beach. It is also home to the Noosa River. Its location makes the region one of the best opportunities for capital growth because of its liveability, affordability and future economic prospects
Home loans in Noosaville
Getting finance to enter the Noosaville market has changed drastically over the last few years. As brokers are becoming more and more prominent, the days of walking into your local bank’s branch to apply for a home loan are becoming less common. CoreLogic data shows that around 60% of all residential home loans are written by mortgage brokers,2 and there is a reason for it.
Mortgage brokers filter the best products with the most suitable lender, based on your scenario. As opposed to just having a few products with one specific lender, we open up the scope to the entire market. This is a no-cost service to you.
How to apply for a home loan in Noosaville
When it comes to applying for a home loan in Noosaville, here at Mortgage Choice Noosaville, we like to begin by providing our clients with a borrowing capacity. This gives them a good ballpark figure of what loan size can be serviced comfortably. From there, we will require some additional supporting documentation to verify your situation and start to provide you with some loan options.
In the initial appointment with us, we will go over different loan types (as there are many) to understand what’s important to you. For example, we may find that you’re a great saver, displaying large sums of money in your savings account. If this is the case, you may benefit from an offset account to help reduce your interest payments. Or, you may express the importance of set repayments as you like to budget, in this case we can look at fixed rate products to ensure your repayments don’t vary each month.
In the current market, at Mortgage Choice Noosaville, we are seeing new property listings become under offer within a matter of days. If you’re actively seeking a home, it’s likely that you’ll be experiencing this as well. One of the many benefits of applying for a home loan with Mortgage Choice Noosaville is that we have various lenders who may be able to offer fully verified pre-approvals.
Once you receive your pre-approval, you can start your search for properties, place offers on homes and go to auctions with the confidence of knowing you’re backed by a fully verified pre-approval.