Most Burwood purchases are apartments, and unit size, building height and strata history decide which lenders say yes. Charles checks the building against the panel before you offer.
Yes, for most Burwood apartments, but the lender has to be chosen for the building. For the Federation and Victorian houses towards Appian Way the questions move to land, condition and heritage controls instead.
Many lenders want about 50 square metres of internal living area, cap how many units they fund in one tower and treat the 2134 postcode as high density, so a studio near the station can fail one bank’s rules and pass another’s.
Units account for 67.5% of homes in Burwood, nearly three times the state figure. Ask for the strata report early on any unit here: special levies and disputes change the loan conversation more than the rate does. Renters are the majority in Burwood, at 59.0%. The suburb suits buyers weighing rentvesting: renting where you live and buying where the numbers work.
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 (SAL10716).
NSW first home buyer stamp duty
Assumes an eligible NSW first home buyer purchasing an existing home under the First Home Buyers Assistance Scheme (exempt to $800k, concession to $1m). Indicative only, check Revenue NSW for your exact position.
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Charles and the team at links property finance recently assisted me with my purchase of my first property in Burwood. As a first home buyer, Charles made the process simple and easy. I would recommend Charles to all first home buyers
Had a great experience with Charles. He made the home loan process straightforward, was always easy to communicate with, and really knew his stuff. Would definitely recommend Charles and the team!
Had a great experience with Charles at Links Property Finance. He made the whole home loan process straightforward and easy to understand, kept me updated throughout and was always quick to answer any questions.
Charles Touma, Mortgage Broker.
Which lender finances a Burwood apartment depends on the building.
For a Burwood unit Links checks the floor area, the tower’s size and the strata report against lenders including ANZ, Westpac, Macquarie, ING and Resimac before any application goes in, so the application goes to a lender whose policy fits, without unnecessary credit enquiries, and the valuation is on a building that already fits.
Yes, for the valuation evidence: most of Burwood’s apartments sit a short walk from the station, Westfield Burwood and the Burwood Road shops, so nearby sales and leases give the valuer firm comparisons.
It also brings the density questions, and the building itself still drives the figure.
Yes to both. If you bought a unit with a small deposit a few years ago, repayments and any growth have probably taken you under 80 per cent, which opens sharper rates and removes mortgage insurance on future borrowing; a repricing call to your lender is free.
Investors are assessed on about 80 per cent of the rent, and interest-only repayments step up when the period ends.
Yes. A house is assessed on the land, the building’s condition and any heritage controls, so the building report and planning certificate do the work a strata report does for a unit. There are no size or building-exposure rules, but the larger loan makes each lender’s income limits matter more.
Yes, for eligible buyers under the $1.5 million Sydney cap, and most Burwood apartments near the station qualify on price. A studio can still fail a lender’s minimum size rule, so the unit has to pass the lender’s checks as well as the scheme’s.
Many lenders want around 50 square metres of internal living area, and studios near the station can fall below that. Some lenders still lend, usually with a larger deposit, which is why the building is checked against the panel before you offer.
Some lenders limit the loan-to-value ratio or their total lending in postcodes with many apartments, and 2134 can be one of them. Settings vary and change, so the lender’s current view of a Burwood tower is confirmed before you commit.
Yes. It shows the sinking fund, levies and any defect history, which matter in the large town-centre towers and the older walk-up blocks alike. A lender’s valuer reads the same records, so surprises in the report become surprises in the valuation.
Thirty minutes with Charles: what you could borrow, which lenders suit Burwood property and what to do next. Free, with no credit check.
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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.
