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Max O'Sullivan

Mortgage Brokers Coburg | Home Loans Coburg

 

Coburg is an inner suburb in Melbourne, Victoria, Australia, 8 km north of Melbourne's Central Business District, located within the Cities of Darebin and Merri-bek local government areas.

Coburg provides an attractive inner-city lifestyle with a variety of properties, excellent schools, shops, eateries, and healthcare facilities.Public transport is excellent and merri creek is at your doorstop.

 

Property Update: Coburg

Last month Coburg had 129 properties available for rent and 161 properties for sale. Median property prices over the last year range from $1,195,000 for houses to $560,000 for units. If you are looking for an investment property, consider houses in Coburg rent out for $670 PW with an annual rental yield of 3.1% and units rent for $485 PW with a rental yield of 5.0%. Coburg has seen an annual compound growth rate of 5.3% for houses and 0.2% for units.

 

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Property in Coburg, Melbourne

Middle Park is only 5kms from the Melbourne CBD and is an idyllic, family-orientated neighbourhood. With its close proximity to the beach, you’ll find that you’ll spend your days soaking up the sun and salt water. 

In 2022, the median house price in Middle Park was $2,895,000 and $795,000 for units. If you’ve been thinking about purchasing a property in Middle Park, talk to Max or his team today to get started.

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The home loan process

If you're looking at getting into the property market, it's important to check that you're ready. Once you have chosen a home loan that’s right for you, it’s time to submit an application. The process varies between lenders, but we’ve provided a general order of events below.

  • Meet with our Mortgage Broker, Max O’Sullivan
    If you’re ready to purchase a new property, the first step is to meet with our team to discuss your financial & lifestyle goals. We'll search through hundreds of home loans to find the one that's right for you, calculate your borrowing power, work out repayments and answer any questions that you may have.

  • Prepare the application
    Once we've helped you choose the loan that's right for you, we'll help you prepare the application and guide you through the process.

  • Conditional and unconditional approval
    The lender will provide conditional approval while they organise the property valuation and conduct a credit check. We'll stay in touch with the lender and keep you informed along the way. After this step, your loan will become unconditional, which is a formal acknowledgement that your home loan application has been approved.

  • Complete loan documents and settlement
    Your loan is both a significant financial commitment and a strong financial foundation. Once your loan documents arrive, we'll organise a time to meet and help you complete the document.

    If you're purchasing a property, your solicitor/conveyancer will organise settlement directly with the lender, according to the settlement date on the contract of sale. If you're refinancing your existing home loan, the lenders will liaise directly to exchange the documents.

To learn more, watch our short video below.

To arrange an appointment, please call Max O'Sullivan on 0477 886 121.

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