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Buying a house in Australia seems to be getting harder and harder. If you’re in New South Wales, specifically Sydney, you may have noticed the pressure. And you are not alone. According published data by the Australian Bureau of Statistics (ABS), the average loan size is $618,729.
This equates to a monthly payment over $3,000 by most measures. We all want to raze Ghost and Bradman where we can, but with numbers this big, getting a better interest rate could determine if we can buy a house.
To help you, we’ve decided to break down some of the best mortgage brokers in Sydney. Much of what we looked at involved not only customer reviews, but also the ability of these brokers to handle alternative income streams.
In today’s era, many of us are working freelance, self-employed, or even earning income from crypto or other investments. It is therefore essential to have a knowledgeable broker.
So let’s go. We’ve listed these brokers in order, but they’re all good – in fact, they’re arguably some of the best brokers in Sydney, if not all of New South Wales. And be sure to check out our FAQ at the end if you still have questions.
Shaun Bettman: One of Sydney’s top mortgage brokers
Based in Potts Point, Shaun Bettman started his business, Main mortgagesin 2004. For nearly twenty years, he has led a team of expert brokers who work tirelessly and efficiently to guarantee you the best rates and conditions.
Not only does Bettman and Co use a network of over 40 lenders to work on underwriting, they also use advanced software analysis of these loans and terms to ensure nothing is left to chance. With nearly two-thirds of young Australians thinking they just can’t buy a house, having an innovative broker like Shaun might be your best bet.
Shaun himself is a Chartered Accountant and not only works his magic with the numbers, but also with the networks he has built over the past two decades. Part of this benefit you can expect is that prime mortgages can help you get loans that aren’t readily available to the general public.
A few bullet points that set Shaun Bettman and Principal Mortgages apart:
- Highly qualified chartered accountant
- 99.2% approval rate
- Specialized in loans to the self-employed
- Able to negotiate interest rates not available to the public
- Turnaround times are the fastest on the market
- 64 five-star Google reviews for 1 broker in 12 months
Shaun Bettman is so confident and adept at bookkeeping and loan calculations that he offers a free calculator right on his website. You can plug your numbers in before you even give it a call or file a request.
With Main mortgages, you not only benefit from the experience and expertise of someone like Shaun, but also from his “outside the box” approach. They will consider non-traditional lenders on your behalf and work with you regardless of your income stream.
Principal Mortgages has worked with over 1,000 satisfied clients, securing over $500,000,000 in loans, all based in Sydney. Contact them today to see if working with them is right for you.
Greg Bloom: A Career of Diverse Experience
Greg Bloom has been with 1st Street Financial for some time now, but his experience in finance and real estate dates back to 2008. A graduate of the University of the Witwatersrand and the University of South Africa, he immediately took up an audit position in a firm financial.
After moving to Australia, he opened a brand new office for Yellow Brick Road in Bondi where he oversaw wealth management. Now with 1st Street since 2017, he works with individuals to negotiate mortgages and terms that work best for them. The total mortgage market in Australia is around six and a half billion dollars, and it’s handy to have someone like Greg Bloom who can tap into that market for you.
When you work with Greg, he brings his wealth of experience to bear on your situation. He is a chartered accountant who knows how numbers work, both in the abstract and in the concrete. And he’ll work with you, learning to understand your unique situation, to make those numbers work for you, too.
- Certified accountant
- Good knowledge of finance, with several diplomas
- Experience in wealth management, as well as mortgage brokerage
Greg really brings a diversity of experiences and expertise that we don’t see too often in the professional world. He has established relationships with clients and lenders for over ten years in Sydney, and we strongly recommend that you use his experience to your advantage.
Dana Fraser: the most enterprising
Buying a home can be a very personal endeavor, and that’s why Dana Fraser made our list. After more than seven years with the very respectable Shore Financial Group, Dana retired and founded her own company, The Loan Club.
Not only does Dana bring all of her Shore experience, but she’s also on the cutting edge of what the mortgage market has to offer. She was proudly part of the first wave of Fintech mortgages, even getting one of the first mortgages using the AI platform, which can get results in less than an hour.
Dana now specializes in self-directed super funds and has been engaged in the seminar (webinar) circuit due to the pandemic. She has partnered with a growing network of self-directed investors like the folks at buyers club to offer its expertise to people looking not only to invest in residential real estate, but also to invest for the growth of their wealth.
- Innovative and educationally focused
- Embrace new technologies
- Never stop networking
Justin Doobov: Best for Industry Recognition
There’s definitely something to be said for respecting your peers, and Justin Doobov has it. In fact, it was awarded the Best Broker 2021 award by MPA Magazine, Australia. He was general manager of Smart finance since 2003, and he has spent most of that time cultivating relationships with his clients.
In 2021, Intelligent Finance has more than $400 million in residential loans, from more than 600 customers. That’s a lot of happy customers, and it also means that in nearly 20 years, Justin Doobov has figured out a thing or two to help people through pretty diverse economic seasons.
According to an interview he did for MPA Magazine, he doesn’t focus on the “no” he might hear from a lender or an underwriter. He cares more about what he can get for you and how to bridge the gaps between what the bank is willing to give you and what you really need.
But it’s not all about the money. As we said earlier, buying a home is a very personal experience. And at Intelligent Finance, under Justin, they’ve created some very special experiences for their clients. In fact, they’ll even connect you with some of their customers so you can talk to them directly, ask them questions, and see what their experiences were like.
- Highly rewarded
- Nearly twenty years of experience as Managing Director
- Seeks to make the loan work no matter what
- In-depth relationships with lenders
Justin Doobov makes the list for his experience, but also for his dedication to his clients, a dedication that we’re sure will reflect in your experience with Intelligent Finance, should you go this route.
Christian Stevens: a personal broker
We’ve talked about it several times in this article, but when you buy a home, especially for the first time, you put a lot of yourself into it. Your finances, your future, your dreams. It’s nice to know that the people you work with are as invested as you are. That’s why Christian makes our list.
Christian has been with Shore Financial for six years and won numerous awards during that time. On top of that, he started the largest Facebook group for first-time home buyers in Australia, and his LinkedIn profile is the most viewed for mortgage brokers nationwide.
If you are looking for someone to help you in Sydney, you could do a lot worse than someone recognized across the country.
- Highly rewarded
- Diverse background
- Passionate about first-time buyers
Christian’s passion is helping people move into their first home, move away from renting and realize the financial benefits that home ownership can bring. He is still working and tirelessly posting and sharing ways for people to achieve their dreams.
Buying a home is a big decision, especially if you’re a first-time buyer. And the Sydney market doesn’t seem to be slowing down much, if ever. That’s why it’s more important than ever to find someone who knows the market, knows the lenders, and knows you.
Everyone on this list has the first two boxes checked, and they all have the verve to have that third box checked, once you give them a call.
And again, although we’ve listed them in our preferred order, each broker on this list stands out in its own right. So no matter who you go with, you’ll get one of the best deals in Sydney, if not all of New South Wales.
Do I need a mortgage broker? Not legally, so to speak. You can go directly to the bank and try to negotiate the loan yourself. But it’s a bit like buying a car without a broker, but with far greater consequences. In fact, we found a great article giving the top five reasons to use a broker, and you can read it here.
Do I need a Sydney based broker? Yes. The brokers on our list know the ebbs and flows of the Sydney market better than anyone, and certainly better than someone from Perth. Now, to be fair, we wouldn’t recommend these five brokers to anyone in Perth either. But if you’re buying in or around Sydney, these are your five.
Is it the right time to buy a house? To answer this, you really should file an application with one of the brokers above. Because your situation is undoubtedly unique, you should consult a broker who gets to know you and knows the market.
- This information is of a general nature only and should not be considered specific to any particular situation. Readers are encouraged to seek appropriate professional advice based on their personal circumstances.