Home loans in 3805
Mortgage broker for Narre Warren
Narre Warren is where a lot of South-East families land when they need a third bedroom, and it has gone up about 7.1% in the past year to a median near $803,000. Most of our work here is people upgrading rather than buying their first place, which brings a specific set of problems.
Upgrading with a family
Your kids reduce your borrowing power more than you expect
Lenders assess living costs using a benchmark that scales with household size, and they add your actual childcare fees on top. A family with two children in care can find their borrowing capacity is $100,000 or more below what a couple on the identical income could get. It catches people out constantly because nobody mentions it until the assessment comes back.
The other upgrader problem is sequencing. Selling first means you know your number but you may be renting for a while. Buying first means bridging finance or a long settlement. Neither is automatically right, and the answer usually depends on how confident you are about what your current place will fetch. We map both out with real figures before you commit either way.
- Borrowing capacity calculated with childcare and dependants included from the start
- Sell-first versus buy-first mapped out with actual numbers
- School-zone timing built into the settlement plan
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Narre Warren market snapshot
What it costs to buy in Narre Warren right now
House medians for Narre Warren 3805 as at mid-2026. Property data moves, so treat these as a guide rather than a quote. Deposit figures are simple percentages of the median and exclude stamp duty, legal and other purchase costs.
How we help in Narre Warren
Whatever you're financing
First Home Buyers
Grants, guarantees and low-deposit schemes explained, so you can buy your first Narre Warren home with confidence.
Refinancing
Still on an old rate? We review your loan against the market and only switch you if it actually puts you ahead.
Home Loans
Buying your next home? We find the right rate and structure and handle the lender and paperwork for you.
Investment
Build a property portfolio that's structured to grow, equity, serviceability and structure working together.
Areas we serve
Narre Warren and across South-East Melbourne
From our Dandenong South base, we help clients right across the South-East, in person or online, whatever suits you.
Simple from start to finish
How it works
Free chat
We get to know your goals and borrowing power.
We compare
We search 35+ lenders and shortlist the options that fit.
We apply
We package and submit your application, and chase it for you.
Settlement
We see it through to approval, and stay in touch after.
Common questions
Narre Warren home loan questions, answered
How much do children reduce what I can borrow?
More than most people expect. Lenders apply a household expenditure benchmark that increases with each dependant, and they add your real childcare costs as an ongoing commitment. Two children in care can move your borrowing capacity by six figures. It is much better to know that before you start inspecting.
Should I sell my current home before buying in Narre Warren?
It depends how certain you are about your sale price and whether you can handle a gap. Selling first gives you a firm number and removes the risk of carrying two loans, but you may need somewhere to live in between. Buying first needs bridging finance or a long settlement. We will show you the cost of each rather than pushing one.
Can I use the equity in my current home for the deposit?
Often yes, if there is enough of it and your income supports both loans during any overlap. How the lending is structured matters, particularly if you plan to keep the existing property as an investment. This is general information only and the tax side needs your accountant.
What deposit do I need in Narre Warren?
On a median house around $803,000, a 20% deposit is roughly $160,600. An eligible first home buyer can use the First Home Guarantee at 5%, about $40,200, with no lenders mortgage insurance.
Ready to talk to a local Narre Warren broker?
Tell us your situation and we'll point you in the right direction, for free.