Bondi Mortgage Broker Living in Your Area
We are Mortgage Broking experts based in Sydneys Eastern suburbs and we are here to help you every step of the way on your home buying journey. We will assist with reviewing your borrowing capacity to letting you know how much deposit you will need to buy that dream home. We will take the stress out of the whole situation and can also provide obligation free RP Data property reports on any properties you might be keen on. Read our Home Buying guide below
- Streamlined application processes
- Ongoing support for the life of your loan
- Dedicated customer support
- Responsive customer service
- Clear communication about rates and fees
Table of Contents
Discover Bondi: A Coastal Gem for Homebuyers
A lifestyle suburb with world-class appeal, strong property performance, and enduring buyer demand.
Whether you’re drawn by the ocean views, the vibrant café culture, or the long-term investment potential, Bondi stands out as one of Sydney’s most desirable postcodes. With its unbeatable mix of beachside living and city proximity, this iconic suburb offers more than just a place to live—it offers a way of life.
As mortgage specialists in the Eastern Suburbs, we help buyers, investors, and homeowners make smart, strategic property moves in Bondi. From securing pre-approval to finding the right loan structure, we’re here to guide you every step of the way.
Bondi at a Glance
Land Area:
Approx. 2 sq. km with 14 parks covering 19% of the area
Lifestyle:
Known worldwide as the most desired location in Australia with a mixture of surf, scenery and lifestyle
Distance to the Sydney CBD
6.2km
Real Estate Snapshot:
Median House Price:
$4,261,000 (Dec 2024).
Median Unit Price:
$1,528,692 (Dec 2024).
Rental Yields:
Houses – 2.2%, Units – 3.7%.
Average Days on Market:
30 days for houses and units.
Household Type:
47.7% childless couples; 39.8% couples with children.
Mortgage Considerations for Bondi Properties
Buying a property in Bondi may require a tailored mortgage strategy due to higher-than-average property prices. Homebuyers should consider:
Fixed vs. Variable Interest Rates
Evaluate the stability of fixed rates against the potential cost benefits of variable loans.
Loan-to-Value Ratio (LVR) Requirements
Higher-value properties may demand larger deposits.
Lender Options
Consider working with lenders who specialize in high-value coastal properties to secure competitive rates.
Why Bondi is a Real Estate Hotspot
Bondi isn’t just famous—it’s iconic. From sunrise surf sessions to café culture and unbeatable property performance, Bondi has earned its place as a premier destination for both lifestyle seekers and smart investors.
Whether you’re a first home buyer, seasoned property investor, or upgrading to coastal living, Bondi delivers strong long-term value.
🌊 1. World-Class Lifestyle
Living in Bondi means:
Daily access to Bondi Beach
Iconic coastal walks (Bondi to Coogee)
Boutique cafés, bars, and weekend markets
Vibrant wellness culture (think outdoor gyms, yoga on the sand, and organic eateries)
📌 This lifestyle magnet consistently fuels property demand.
🏙 2. Prime Location & Accessibility
Bondi is under 7 km from the Sydney CBD, making it one of the closest beach suburbs to the city.
Excellent bus and road connections
Nearby Bondi Junction (major transport and retail hub)
Close to schools, universities, and hospitals
📌 For professionals, families, and students, Bondi offers rare convenience and liveability.
💸 3. Property Market Strength
Median House Price: ~$4.26 million
Median Unit Price: ~$1.5 million
Rental Yield (Units): ~3.7%
Auction Clearance Rate: Consistently above Sydney’s average
Bondi real estate performs well in all market cycles—backed by limited land supply and high demand.
🧑💼 4. High-Income, Educated Population
Bondi attracts:
Professionals, creatives, and entrepreneurs
Strong dual-income households
A well-educated demographic (52%+ with tertiary qualifications)
📌 This fuels a strong mortgage and buyer-ready audience.
🏢 5. Strong Investment Appeal
For investors, Bondi is a proven performer:
High rental demand
Low vacancy rates
Excellent short-term rental potential (e.g., Airbnb)
Types of investment properties:
1–2 bedroom apartments in boutique buildings
Older units with value-add potential
Beachside terraces with long-term capital gain prospects
🧱 6. Diverse Housing Stock
Bondi offers:
Art deco and mid-century apartments
Newly built luxury residences
Modern townhouses and terraces
Limited standalone homes (highly prized)
📌 This variety supports a wide buyer pool and upward property mobility.
📈 7. Long-Term Growth Potential
With coastal land so scarce and Bondi’s lifestyle appeal growing, property here is seen as a blue-chip asset.
Key growth drivers:
Limited development space
High-income resident base
Global recognition and appeal
Ongoing gentrification of surrounding suburbs
Market Activity:
1. 463 Houses and 191 units were sold in the past 12 months.
2. New property listings reached 62 for houses and 216 for units in Dec 2024.
Growth Potential:
The median house value increased by 10.64% and Units by 1.55% n 2024, reflecting a strong upward trend.
Affordability:
Houses in the lower quartile start at $3,500,000, while units in the same range are priced around $1,158,750.
With its idyllic surroundings and thriving community, Bondi remains a top choice for those looking to enjoy the best of beachside living and restaurants. Partnering with a mortgage expert familiar with this vibrant suburb can help you navigate the complexities of purchasing in a premium market.
A Step-by-Step Guide for First Home Buyers in Bondi
Purchasing a home for the first time is an exciting life milestone, but it often comes with a mix of emotions from excitement to anxiety. Navigating the complexities of the property market can be challenging, with hurdles such as saving for a deposit, understanding mortgage eligibility, and handling the paperwork involved in the mortgage application process.
First-time buyers also face concerns about hidden costs, fluctuating interest rates, and the fear of making costly mistakes. However, with proper planning and expert guidance, these challenges become manageable
Government Support for First-Time Buyers
First Home Owner Grant (FHOG):
A one-time grant offered by various states and territories to eligible first-home buyers purchasing a newly built home or, in some regions, substantially renovated properties.
First Home Loan Deposit Scheme (FHLDS):
This federal program allows eligible first-home buyers to purchase a property with as little as a 5% deposit without needing to pay costly lender’s mortgage insurance (LMI).
Stamp Duty Concessions:
Depending on the state or territory, first-time buyers may qualify for partial or full exemptions on stamp duty, significantly reducing upfront costs.
Understanding these programs and their eligibility criteria is crucial for maximizing savings.
Key Steps for First-Time Buyers
Budgeting and Saving for a Deposit
The first step toward homeownership is saving a deposit, typically between 5% and 20% of the property’s purchase price. A larger deposit can increase borrowing power and reduce ongoing mortgage repayments. Consider setting up a dedicated savings account and using budgeting tools to track expenses and boost savings.
Assessing Home Loan Eligibility
Determining your borrowing capacity is essential. Lenders evaluate your income, expenses, and credit score to assess your eligibility. To strengthen your position:
1. Ask CBM Mortgages to check your credit report for any errors or outstanding debts
2. Reduce existing debts to improve your debt-to-income ratio
3. Avoid taking out new loans or credit cards close to your mortgage application.
Obtaining a Mortgage Pre-Approval
A mortgage pre-approval assesses and confirms how much you can borrow, giving you confidence when making offers. It also shows sellers that you are a serious buyer. Pre-approval is typically valid for three to six months, allowing you the time to find the right property
Researching and Choosing the Right Property
Identify your priorities, such as location, proximity to amenities, and property size. Work with a qualified real estate agent and inspect several properties to make an informed decision. CBM Mortgages can provide you property profile reports for any properties you may be interested in.
Understanding Loan Options and Costs
Different home loans offer varying features and interest rates. Common options include fixed-rate and variable-rate mortgages. We will compare lenders for you to find competitive interest rates, flexible repayment terms, and features such as offset accounts or redraw facilities
Managing Fees and Hidden Costs
Beyond the property price, account for additional expenses, including:
1. Stamp duty (if applicable)
2. Lender’s mortgage insurance (for deposits under 20%)
3. Conveyancing and legal fees
4. Building and pest inspections
Completing Settlement
Once your offer is accepted, your solicitor or conveyancer will manage the settlement process. This involves transferring ownership and ensuring all legal documents are in order. You can also prepare for the final inspection to confirm the property is in the agreed-upon condition. By following these steps and leveraging available government incentives, we can assist first-time buyers in navigating the home-buying journey with confidence
Understanding the Different Mortgage Options
Fixed-Rate Mortgages
A fixed-rate mortgage locks in your interest rate for a predetermined term, typically between one and five years. This option provides certainty and stability in your monthly repayments. It is ideal for borrowers who prioritize stability and want to avoid the risk of rising interest rates. It suits those with fixed budgets and financial commitments.
Split Loan or Combination Loans
A split loan combines the benefits of fixed and variable rates, allowing you to divide your mortgage into two portions. This is ideal for borrowers looking to mitigate risk while still having exposure to changing market conditions. It’s a good option for those seeking partial predictability with some potential savings.
Interest-Only Loans
Interest-only loans allow you to pay only the interest for a set period, typically up to five years. The principal remains unchanged during this period. This is ideal for investors and buyers expecting significant future income increases or those looking to manage cash flow temporarily. However, careful planning is essential to avoid financial strain when repayments increase.
Refinancing Your Mortgage for Better Terms
The Refinancing Process
Review Your Current Loan
Start by analyzing your existing mortgage. Identify the current interest rate, loan term, monthly payments, and any applicable fees for early repayment.
Compare New Loan Offers
We can shop around for competitive rates and loan products. Use online comparison tools and consult with a mortgage broker to find options that suit your needs.
Check Your Credit Score
A strong credit score improves your chances of securing better terms. Request a copy of your credit report and resolve any discrepancies.
Calculate Potential Savings
Use a mortgage calculator to estimate how much you can save by refinancing. Include all costs, such as application fees, lender’s mortgage insurance (LMI), and exit fees.
Apply for the New Loan
Gather necessary documentation, including proof of income, property valuation, and your current mortgage details. We then submit your application to your chosen lender.
Settlement and Closing
Once approved, your new lender will pay off the old mortgage, and your new loan terms will take effect.
Investment Property Loans and Opportunities
Australia’s dynamic property market offers lucrative opportunities for investors looking to build wealth through real estate. Investment property loans differ from standard owner-occupied home loans in terms of structure, interest rates, and eligibility criteria. Understanding these differences and leveraging the right strategies can maximize your returns and position you for long-term success.
Key Features of Investment Property Loans
Higher Interest Rates
Investment property loans typically come with higher interest rates compared to owner-occupied loans. This reflects the increased risk lenders associate with investment properties, as repayments often depend on rental income.
Loan-to-Value Ratio (LVR) Limits
Lenders may impose stricter LVR limits for investment loans. Generally, an 80% LVR is standard, meaning you would need at least a 20% deposit. However, higher LVRs may be possible with lenders mortgage insurance (LMI).
Interest-Only Loan Options
Many investors opt for interest-only loans, where repayments cover only the interest for a set period, typically 1 to 5 years. This can improve cash flow, but it does not reduce the principal balance.
Benefits of Investment Property Loans
Potential Tax Deductions
Expenses related to investment properties may be tax-deductible. These include interest on your loan, property management fees, repairs, and depreciation.
Capital Growth Potential
Australian real estate has historically delivered strong capital growth, making property investment a valuable long-term strategy. Choosing high-demand locations increases the likelihood of appreciating property values.
Rental Income
Rental income can offset loan repayments and other property-related expenses. A property with a high rental yield provides better cash flow management.
Mortgage Tools and Calculators
Loan Repayment Calculator
The loan repayment calculator is one of the most commonly used tools by homebuyers and property investors. It provides an estimate of your monthly or fortnightly repayments based on the loan amount, interest rate, and loan term. To find out your loan repayments when buying in Bondi, click here for our repayment calculators.
Stamp Duty Calculator
Stamp duty is a significant cost associated with property purchases in Australia. It's important to understand what this fee will be when purchasing property. To find out the stamp duty costs when buying property in Bondi, click here for our stamp duty calculators.
Borrowing Power Calculator
Your borrowing power determines how much you can borrow based on your income, expenses, and existing debts. A borrowing power calculator estimates the maximum loan amount a lender may approve. To find out your borrowing capacity when buying property in Bondi, click here for our borrowing capacity calculators.
Your Perfect Mortgage Solution Awaits with CBM Mortgages
With our vast industry experience and deep network of trusted lenders, we ensure you benefit from the most favorable rates and terms available. Our comprehensive approach combines expert insights, innovative tools, and a seamless, client-focused process prioritising clarity, confidence, and peace of mind. Every question is answered, every step is explained, and every decision is made with your best interest.in mind.
Now is the perfect time to turn your homeownership dreams into reality. Don’t leave your future to chance. Speak with our mortgage professionals today and discover how CBM Mortgages can simplify your journey, save you money, and secure your financial goals.