Concord and Concord West are house suburbs, and the lending questions are about moving, not getting in: buy before selling, renovate or move, and how much equity the house can release. Charles structures each one.
Usually 80 per cent of the lender’s valuation less the loan you still owe, released as a separate split, so a Concord bungalow owned for decades can fund an extension, the next purchase or a deposit for your children without mortgage insurance.
The valuer’s view of the house and its block decides the figure, and a bridging loan or construction loan is structured around it when you buy before selling or build before moving.
Concord is house country: 70.6% of dwellings are freestanding, against 65.6% for NSW. Valuers have plenty of comparable house sales to lean on, which tends to make valuations predictable. Concord is an owner-occupier suburb: just 23.3% of homes are rented. Long tenures mean plenty of equity in the street, which is often what funds the next purchase or a family guarantee.
Separate housesTownhouses and semisApartments
apartments NSW 21.7%
separate houses NSW 65.6%
terraces and semis NSW 11.7%
rented NSW 32.6%
with a mortgage NSW 32.5%
private dwellings
Source: ABS Census 2021, Suburbs and Localities (SAL10999).
How much could you borrow?
What moves the number
Choose any that apply. Each shows roughly how much it changes the figure, the way a lender’s assessment would.
is an indicative borrowing figure at today’s typical rates. Lenders typically count around 80% of rental income, which is why an investment purchase can lift your number, your real figure comes from a proper assessment.
Confirm your numbers.
A huge thank you to Charlie for his exceptional support and expertise throughout the process of securing finance for my first home.
Paperwork and finances were never my strong suit. He has made this process as simple and dummy proof for me as humanly possible. This is not the first time I use a mortgage broker, however it was the easiest and most pleasant.
I honestly couldn’t recommend Links Property Finance and Charles highly enough. After speaking with others who weren’t able to help me, Charles went above and beyond to understand my situation…
Charles Touma, Mortgage Broker.
The usual limit before lenders mortgage insurance is 80 per cent of the valuation, less the existing debt. The equity calculator gives the shape; a valuation gives the number.
Decades of ownership in Concord can leave a wide gap between value and loan, and the released amount sits in its own split so the purpose stays clear for tax and for the next purchase.
Mostly separate Federation and inter-war houses, with the Californian bungalow the style the suburb is best known for, and a smaller share of townhouses and units with their own strata questions.
Where a house is a heritage item or sits in a heritage conservation area, council controls shape what can be built, and lenders funding construction want approved plans before releasing money.
Usually, yes. Concord has many comparable sales of similar houses on similar blocks, which is what a valuer needs. Renovations, an unapproved extension or a heritage listing are the things that move the figure, so have the council records and the building report before you rely on a number.
The lender approves the land plus the build cost on a fixed-price contract from a licensed builder, with council-approved plans. Funds are released to the builder at each certified stage, and you pay interest only on the amount drawn. A five to ten per cent buffer for overruns is sensible.
For cosmetic work, often yes, through a redraw or a top-up assessed against the current valuation. Structural work needs a construction loan, because lenders want approved plans and staged payments for anything that changes the building. Charles tells you which applies before you brief the builder.
Only once the break cost is known. Your lender quotes it in writing, and it can be nothing or thousands depending on how rates have moved since you fixed. Compared against the saving on the new rate, it decides whether to switch now or at the end of the term.
Yes. Links Property Finance is based in Enfield, a few minutes away, with no shopfront in Concord. Most files run by phone and video, and Charles meets you at your place when that is easier, including with parents or a builder in the room.
Thirty minutes with Charles: what you could borrow, which lenders suit Concord property and what to do next. Free, with no credit check.
Prefer a callback?Charles calls back within one business day. No documents needed yet.
General information only, not credit or financial advice. Lender policies and government scheme criteria differ and change over time. All lending is subject to individual assessment and approval.
