About three in four Bexley North homes are separate houses, with a small village centre by the railway station.
Possibly. Several lenders waive lenders mortgage insurance at 90 per cent, sometimes 95, for doctors, dentists, lawyers, accountants and some other registered professions, with a minimum income. The lists differ between lenders, so your registration is checked against current policy before you apply.
Bexley North is house country: 74.2% 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. At 1,656 homes, Bexley North is one of the smaller suburbs nearby, which can make a valuation the slowest part of the loan.
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 (SAL10334).
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Two sliders. See what your parents would need to guarantee.
How a parent’s equity can stand in for the deposit, often with no LMI.
With a family guarantee covering that portion, you could potentially buy with your $30,000 and no LMI. Costs assume NSW first home buyer duty.
Limited to this portion, secured against the guarantor’s property, released once you reach 20% equity, subject to lender approval. Indicative only, not credit advice.
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Some lenders waive lenders mortgage insurance for borrowers in certain professions, allowing a smaller deposit than usual without paying it. Eligible occupations commonly include doctors and other medical practitioners, and some lenders extend it to lawyers, accountants and a range of allied health professions.
Each lender sets its own list of professions, registration or membership requirements, minimum income and maximum loan-to-value ratio. The waiver can save a substantial amount, but the rate and features still matter, so compare the whole loan rather than the waiver alone. Waived LMI home loans in detail
Charles Touma, Mortgage Broker.
Bexley North lies about thirteen kilometres south-west of the city in the Bayside Council area and is part of the St George district. Bardwell Creek and the Prime Minister’s Walk to Bexley Pool are nearby, along with Stotts Reserve.
It is mostly residential, with a small shopping centre around the intersection of Bexley Road with Slade Road and Shaw Street, close to Bexley North railway station, including the Bexley North Hotel and the local library.
Bexley takes its name from James Chandler’s birthplace, formerly in Kent and now part of London. Chandler bought Sylvester’s Farm in 1822 and was granted twelve hundred acres stretching from what is now Bexley North towards Rockdale and Kogarah.
Development began with the railway to Hurstville in 1884, and the opening of the East Hills line and Bexley North station in 1931 opened the area for home sites. Today separate houses make up about three in four homes.
When a Bexley North professional is buying, Links compares a panel that includes Macquarie, ANZ, Westpac, ING and Resimac.
Example scenario (illustrative, not a real client): an accountant with a professional membership has saved a deposit well short of 20% for a Bexley North house.
Before applying, they confirm which lenders include accountants in their LMI waiver policy, check the income and LVR limits, and compare the full cost of those loans with the 5% Deposit Scheme.
Medical practitioners are the most widely accepted. Depending on the lender, the list may also include dentists, pharmacists, optometrists, physiotherapists, veterinarians, lawyers, accountants and others.
Registration, membership or a minimum income may be required, and the lists change from time to time. Professional home loans.
If you are a first home buyer, the 5% Deposit Scheme also avoids mortgage insurance, subject to criteria and price caps. A professional waiver may allow a higher price or a different lender.
Comparing both, including rates and features, shows which suits you better. 5% deposit checker.
Some lenders accept newly qualified professionals, such as graduate doctors or recently admitted lawyers, while others want a period of practice or a minimum income.
Employment contracts and registration documents help show where you stand. Home loans for doctors.
Three ways to avoid mortgage insurance.
The details that decide eligibility.
Commonly medical practitioners, and with some lenders lawyers, accountants and allied health professions such as dentists, pharmacists and physiotherapists. Each lender sets its own list.
Often 10 per cent, sometimes 5 per cent, depending on the lender and your profession: each lender sets a maximum loan-to-value ratio for the waiver.
Sometimes: some lenders set a minimum income for certain professions, while others rely on registration or membership alone.
Sometimes: some lenders accept recently qualified professionals, while others want a period of practice; your registration and employment contract help.
Neither is better in general: both avoid mortgage insurance, but the scheme has price caps and criteria, while the waiver depends on the lender’s profession policy. Compare both on the property you want.
Not necessarily, but it is worth comparing the whole loan, including rate, fees and features, rather than choosing on the waiver alone.
One free call covers what you could borrow in Bexley North, the lenders that suit the property you want and the order to do things in.
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.
