Mortgage Broker and Home Loans Coburg
Buying a property in Coburg
Coburg has everything you could possibly need! This charming and increasingly trendy suburb offers both large chain stores and boutique local businesses to patronise, including a wide variety of delicious international cuisines, iconic pubs and cosy cafes. Families and dog owners will love the easy access to parks and nature reserves, and commuters have their pick of transportation options into the CBD. You can get a taste of Melbourne’s darker history at the Pentridge prison-turned-museum, the site of Victoria’s last hanging and where Ned Kelly’s skeleton was recovered in 2011.
Property Update: Coburg
Last month Coburg had 122 properties available for rent and 118 properties for sale. Median property prices over the last year range from $1,210,000 for houses to $546,250 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 $480 PW with a rental yield of 4.9%.
Start your home loan journey today
Do you need a pre approval to buy a property?
The short answer is that no, pre-approval is not necessary to make offers and secure finance for your desired property. However, there’s no denying that pre-approval can make the entire process easier.
Having some certainty about how much you can borrow narrows down your search to properties within your budget, and allows you to
- Make offers confidently within your budget
- Avoid overbidding at auctions
- Plan and budget for your repayments
Pre-approval also helps ensure the financing process runs as smoothly as possible so that you can get into your home quicker. It may even make your offer more likely to be accepted, since the seller can see that you are serious about purchasing and are unlikely to pull out.
Worried about the extra hassle of securing pre-approval? That’s where Sam Farfoud comes in as your trustworthy mortgage broker! Let Sam take care of all the hard work of applying - you won’t have to worry about a thing. Sam will complete all of the necessary paperwork, and keep you informed throughout the entire process. Get in touch today to discuss your finances and secure pre-approval.
Property and finance information
Learn more about everything you need to make your property journey as successful as possible with our free downloadable guides.
- First home buyer's guide
- Step-by-step guide to home ownership
- Understanding guarantors guide
- Building your home guide
Interested in buying a property, contact Sam Farfoud on 0467 809 990
The right home loan for your needs
Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.
