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Mortgage Broker Paddington

Name: Mortgage Broker Brisbane - Hunter Galloway
Price range: $$$

Improve your chances of getting a loan with an award winning mortgage broker.
We have one of the highest loan approval rates in the country.

Market-leading
Approximately 40% of home loan applications were rejected in December 2018 based on a survey of 52,000 households completed by DigitalFinance Analytics DFA. In 2017 to 2018 Hunter Galloway submitted 342 home loan applications and had 8 applications rejected, giving a 2.33% rejection rate.
loan approval rate in Australia of 97%
Variety of options due to direct access to 30+ Australian banks & lenders
#1 rated
The highest rated and most reviewed Mortgage Broker in Brisbane: 5-star rating based on 1600+ reviews on Google
Mortgage Broker in Brisbane

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Improve your chances of getting a loan with an award winning mortgage broker. We have one of the highest loan approval rates in the country

Get a Free Assessment

We promise to get back to you within 4 business hours

Our reputation and achievements

Market average rejection rate is 40%, our rejection rate is 3%

Approximately 40% of home loan applications were rejected in December 2018 based on a survey of 52,000 households completed by 'DigitalFinance Analytics DFA'. In 2017 to 2018 Hunter Galloway submitted 342 home loan applications and had 8 applications rejected, giving a 2.33% rejection rate.

2024 Mortgage Broker of the Year

Don't risk having your
home loan declined

Did you know that over

40%

of home loan applications that get submitted
never make it to settlement? Don't take that risk.

We know the banks inside out

Our brokers have over 35 years of combined experience in the finance industry, including decades of banking experience, and have processed thousands of home loan applications.

We have a wide range of lenders on our panel and we intimately understand their credit policies. This means we know the problems you may face on your loan application and how to mitigate them when applying with any specific bank or lender.
Reducing risk of rejection

Unlike other brokers, Hunter Galloway completes our own internal credit assessment process before applying with any lender.

Your application will be assigned its own Credit Manager who reviews each application thoroughly before it is submitted to the lenders, meaning we won't apply with a lender who won't approve your loan.

2024 Mortgage Broker of the Year

Why Choose Hunter Galloway As
Your Mortgage Broker?

One of the lowest rejection rates

Across Mortgage Brokers in Australia

The highest rated and most reviewed

Mortgage Broker in Brisbane on Google

We have direct access to 30+ banks and lenders

Across Australia

About Paddington

Overview

Paddington, located 2km west of Brisbane CBD, is a charming inner-city suburb known for its heritage-listed Queenslander homes and vibrant community. The area boasts tree-lined streets, steep hills, and panoramic city views. Originally a working-class neighborhood, it has evolved into a trendy locale attracting young professionals and families. Latrobe-Given Terrace serves as the main thoroughfare, bustling with boutiques and cafes. The suburb is well-connected by bus routes and is close to major hospitals. Paddington's blend of history, culture, and modern amenities makes it an appealing choice for those seeking an urban lifestyle with a village feel.

Paddington Demographics

Population

9,060

Median Age

34 years

Family Makeup

2,198

Weekly Rent

$470

Weekly Income

$2,775

Safety Score

Lower score indicates higher safety

Paddington Property Market

Median House Price

$1,900,000

Median Unit Price

$700,000

Days on Market (Houses)

27 days

What are properties like in Paddington?

Paddington offers a diverse range of housing options to suit different lifestyles and preferences. The majority of dwellings (61%) are houses, providing ample space for families or those who enjoy larger living areas. For those seeking a more low-maintenance lifestyle, 20% of properties are apartments, perfect for young professionals or downsizers. Townhouses make up 11% of the housing stock, offering a middle ground between houses and apartments. This mix of options means Paddington caters to a wide range of residents, from first-time buyers to growing families and retirees. The variety of housing types contributes to a vibrant and diverse community atmosphere. For homebuyers, this diversity offers flexibility in choosing a property that fits their needs and budget. It also suggests good potential for property value growth, as the area attracts a broad range of residents. Whether you're looking for a spacious family home, a cozy apartment, or something in between, Paddington has options to suit various lifestyles and stages of life. This suburb's appeal to various demographics ensures a dynamic and inclusive neighborhood.

How many bedrooms in Paddington properties?

Paddington offers a diverse range of property sizes to suit various needs and lifestyles. The largest portion of homes (33.8%) have 4 or more bedrooms, closely followed by 3-bedroom properties at 33.3%. This abundance of larger homes makes Paddington ideal for families or those who need extra space. For couples or small families, 24.7% of properties have 2 bedrooms. Singles or those preferring compact living will find options among the 7% of 1-bedroom homes. Interestingly, there is a small percentage (0.7%) of studio or bedsit options. This mix caters to a wide range of residents, from singles and couples to growing families and multi-generational households. For homebuyers, this variety offers flexibility in choosing a property that fits their current needs with room to grow. It also suggests good potential for property value, as the area attracts a diverse range of residents. Whether you're a first-time buyer looking for a cozy apartment or a family seeking a spacious home, Paddington has options to suit various stages of life and living preferences.

Living in Paddington

Education

Paddington offers a range of quality educational options. The suburb is home to Petrie Terrace State School, a well-regarded primary school known for its community involvement and innovative programs. Nearby, Kelvin Grove State College provides education from Prep to Year 12, with a strong academic focus. For private education, Marist College Rosalie and St Joseph's College Gregory Terrace are within close proximity. Tertiary options include the nearby Queensland University of Technology Kelvin Grove campus. The area's educational landscape is diverse and caters to various needs, from early learning to higher education.

Parks and Recreation

Paddington boasts several green spaces and recreational facilities. Neal Macrossan Playground offers a children's play area and picnic spots. The nearby Roma Street Parkland provides extensive gardens and walking trails. Ithaca Pool, a popular public swimming facility, is located in the heart of the suburb. The Suncorp Stadium, while technically in Milton, is adjacent to Paddington and hosts major sporting events. Community sports are well-catered for with local cricket and rugby clubs. The suburb's hilly terrain is popular among joggers and cyclists, offering challenging routes with scenic views.

Shopping and Dining

Paddington is renowned for its eclectic shopping and dining scene. Latrobe and Given Terraces form the main retail strip, featuring boutique fashion stores, antique shops, and homeware outlets. The suburb is home to Paddington Antique Centre, housed in a former cinema. Dining options are diverse, ranging from casual cafes to upscale restaurants. Notable eateries include Nota, Naim, and Kettle & Tin. The area is particularly known for its breakfast and brunch culture, with numerous cafes serving artisanal coffee and innovative menus. Paddington's shopping and dining landscape is vibrant and constantly evolving, attracting locals and visitors alike.

Transportation and Walkability

81/100 Paddington is an appealing suburb for homebuyers who value both convenience and variety in their daily commutes. With a walkability score of 81, this area allows residents to accomplish most errands on foot, contributing to a comfortable, car-free lifestyle. According to the commuting data, a significant number of residents drive to work, while public transport also plays a vital role in daily routines. This flexibility in commuting methods is a considerable advantage for residents, catering to different preferences and needs. For instance, driving offers convenience and flexibility, while public transport can reduce the hassle of traffic and parking. The walkability score means that local amenities, shops, and possibly even workplaces are easily accessible, enhancing the quality of life. This variety in transportation options not only makes daily life more manageable but can also positively influence property values. For potential homebuyers, Paddington's robust transport links and walk-friendly environment make it a prime choice, suitable for diverse lifestyles, ranging from busy professionals to growing families.

Our Mortgage Services in Paddington

First Home Buyers

Navigating the Paddington property market as a first-time buyer can be challenging. Our brokers provide personalized guidance to help you find the right loan and maximize your borrowing capacity.

Refinancing

Looking to refinance your Paddington property? We can help you secure better rates and terms tailored to your current financial situation.

Investment Loans

With median house prices in Paddington at $1,900,000, let our investment loan specialists help you structure your loan for maximum benefit.

Lenders on our panel

Questions and Answers About Paddington Home Loans

What should I know about buying property in Paddington?

When buying in Paddington, it's important to understand the local property market trends. Currently, the median house price is $1,900,000 and median unit price is $700,000.

The area has a population of approximately 9,060 residents, and offers a range of amenities and lifestyle benefits. Working with a local mortgage broker who understands the Paddington market can help you navigate the buying process more effectively.

Are you able to do virtual meetings?

Yes, our mortgage brokers can 'face to face' meet you using Zoom Meeting or Google Hangouts, whichever is your preference. In our online meeting, we'll be able to go through your requirements and walk you through the home buying process in Paddington.

Our mortgage brokers are working and are available during the coronavirus outbreak, so if you need any assistance with a home loan get in touch today.

What is a mortgage broker?

A mortgage broker is a consultant that can help you with finding a home loan, or mortgage usually from their panel of lenders. Once the right home loan has been selected, the mortgage broker will help you manage the home loan process, from initially signing the paperwork all the way until settlement.

How can a mortgage broker help me buy in Paddington?

A mortgage broker familiar with Paddington can provide valuable insights about the local property market and help you secure the best possible financing. They will work with you to understand your budget and goals, then connect you with lenders offering competitive rates and terms suited to your specific situation.

At Hunter Galloway, we have access to over 30 different banks and lenders, giving you a wide range of home loan options to ensure we have a lender that can fit in with what you need when buying in Paddington.

Is it good to go through a mortgage broker?

Applying for your home loan through a mortgage broker gives you many advantages and there are no down sides.

We will give your application more care and attention than going direct, and we can offer you the best loan product across over thirty different lenders.

And if your loan application is complicated for any reason, we have the in depth knowledge and expertise required to correctly assess your situation and find you the right loan.

How much do mortgage brokers get paid in Australia?

Mortgage brokers in Australia get paid commissions from the banks. There is no cost to you as the client.

We do the same work the branch manager would do in putting together your application, so the lenders pay us for that service. The difference is that we are invested in your loan application - we don't get paid otherwise - so we will work very hard for it to get approved, as well as provide incredible service.

How long should a mortgage application take?

The length of a mortgage application depends on various factors, including the complexity of your application and the lender you're using. Simple applications with responsive lenders can be very quick, while more complex cases may take longer.

For property purchases in Paddington, it's common for us to have finance approved within 14 days, or 2 weeks - sometimes less if you have tight finance timeframes.

We will give you an estimate of the expected timeframe for your application when we submit it to lenders, and keep you updated every step of the way. As a general guide, most applications are settled within a month (and many are settled much quicker).

Mortgage Broker Paddington

Our reputation and achievements

Don't risk having your
home loan declined