How much deposit do I need to buy in Sydney?

Given Sydney's median house price of $1.47M, a 20% deposit is $294,000. Many buyers use the First Home Guarantee (5% deposit, no LMI) or purchase with 10% and pay LMI. For units, entry-level prices are significantly lower — many buyers enter the market at $600K–$900K.

Is it worth using a mortgage broker in Sydney?

Absolutely. Sydney's high property prices mean even a 0.3% rate difference saves $4,400/year on a $1.47M loan. A broker compares 90+ lenders simultaneously and negotiates on your behalf — something you cannot do directly with a single bank.

What stamp duty will I pay in NSW?

NSW stamp duty on a $1,000,000 property is approximately $40,090. First home buyers purchasing under $800,000 pay no stamp duty. Between $800K and $1M, a partial concession applies. NSW also offers first home buyers the option to pay an annual property tax instead of upfront stamp duty.

Can I get a home loan in Sydney with a 5% deposit?

Yes — through the federal First Home Guarantee, eligible first home buyers can purchase with 5% deposit without paying LMI. Income caps apply ($125,000 for singles, $200,000 for couples). Property price caps also apply — check current limits with your broker.

How long does home loan approval take in Sydney?

Pre-approval typically takes 24–48 hours with Fairbanks. Full formal approval after a property is found usually takes 5–15 business days, depending on the lender and complexity of your application.

Sydney, New South Wales

Mortgage Broker
Sydney

Name: Fairbanks Financial — Mortgage Broker Sydney
Address: Sydney, NSW, AU
Telephone: +611300187610
Price range: Free consultation
Rating: 4.9

Award-winning mortgage brokers serving Sydney and Parramatta, Chatswood, Bondi, Manly, Penrith, Liverpool. We compare 90+ lenders to find your best home loan — free expert advice, no obligation.

Get Pre-Approved — Free 1300 187 610

90+

Lenders compared

4.9★

Google rating†

$4,800

Avg annual saving*

48hr

Pre-approval target

†Based on verified Google reviews. *Avg saving based on client data; individual results vary.

Home Loan Services in Sydney

From first home buyers to seasoned investors — we cover every lending need across Sydney and New South Wales.

Home Loans

Compare variable, fixed & split home loans from 90+ lenders for Sydney buyers.

Learn more

Refinancing

Save avg $4,800/yr by refinancing your Sydney home loan. Free comparison.

Learn more

Investment Property

Interest-only, equity access & portfolio lending for Sydney investors.

Learn more

First Home Buyers

Government grants, low deposit options & step-by-step guidance for Sydney first home buyers.

Learn more

SMSF Loans

Limited recourse borrowing for SMSF property in Sydney and surrounds.

Learn more

Business Loans

Working capital, equipment & commercial property finance for Sydney businesses.

Learn more

Sydney Property Market

The Sydney market — what you need to know

$1.47Mmedian house price — Sydney 2026

Sydney median house price sits at $1.47M in 2026, making deposit accumulation the primary challenge for buyers.
The NSW government offers stamp duty exemptions for first home buyers on properties under $800,000.
Sydney's rental market remains extremely tight, with vacancy rates below 1.2% across most suburbs.
Strong demand from overseas migration continues to underpin Sydney property values.
Western Sydney growth corridors (Penrith, Liverpool, Campbelltown) offer relative affordability.