In North Ryde the property is often the constraint, not the income: newer towers near Macquarie Park and older brick homes behind them.
For an apartment, a lender with room in the building and a completion valuation that holds; for an older house, a valuation on land and condition. Many North Ryde buyers earn strong professional salaries, so borrowing power is rarely the issue.
Off-the-plan settlements and lender exposure limits near Macquarie Park are.
North Ryde sits close to the NSW mix: 58.0% houses, 30.2% apartments and 36.8% rented, so most lenders treat an address here as standard.
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 (SAL13015).
Home equity calculator
For upgraders and investors, how much of your home could work as a deposit.
That usable equity could work as a deposit on an investment property or renovation, structured so your properties aren’t tied together unnecessarily.
Usable equity assumes lending to 80% of your home’s value against your current loan. Lender policy and serviceability decide the real figure.
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Charles Touma from Links Property Finance was a great help with buying my first home. I had plenty of questions and he took the time to explain things clearly without making me feel rushed. He kept me updated throughout and made the process much less stressful. Really appreciated his patience and would happily recommend him to other first home buyers.
Charles at Links Property Finance made buying our first home so much easier than we expected. As first home buyers, we had a lot of questions around borrowing capacity, our deposit and the different government schemes available to us. Charles explained everything clearly, compared different lenders and kept us updated throughout the whole process. He was always easy to reach and made sure we understood what was happening from pre approval right through to getting our home loan approved. We would definitely recommend Links Property Finance to anyone looking for a mortgage broker, especially first home buyers who want someone to guide them through the process.
Charles went above and beyond to help us secure our home loan. He worked hard to find the best option for us and kept us updated throughout the whole process. His knowledge of the lending market was impressive and he made everything straightforward.
Owners who bought off the plan and settled a few years ago are often the ones with the most to gain, because the loan-to-value ratio at settlement was frequently high and has since improved.
Where mortgage insurance was paid on the original loan, it does not transfer, so the arithmetic on switching has to account for that rather than assume it away.
If your rate is higher than lenders advertise to new borrowers, or a fixed term is about to end, a review is worthwhile. Your existing lender may reprice on request, which avoids discharge and application costs altogether.
Yes: the Macquarie Park employment corridor and the university underpin rental demand, and vacancy evidence is generally good.
What varies is how much of the rent a lender counts and whether a high-density postcode triggers a lower maximum ratio on an investment purchase. Both are worth establishing before the offer, not after.
Many investors start interest-only to keep cash free, often while paying down a home loan first. The balance does not fall in that time, and lenders assess you on the higher repayment that follows. Check the tax angle with your accountant.
Charles Touma, Mortgage Broker.
North Ryde station, on Delhi Road, is one stop from Chatswood, with trains running on through the city, and Macquarie Park station is the next stop the other way. Epping Road, Lane Cove Road and the M2 carry the road traffic.
For lending, the station is a large part of why the apartment towers are concentrated near Delhi Road, and also why lenders watch their exposure there: a building near the station can have plenty of rental and sales evidence and still be one where a given lender has written all the loans it wants.
Plenty of strong applicants are surprised here: the property has to pass the lender’s rules too.
Much of the newer stock here was completed within the last decade, and a good share of it was sold off the plan. That creates a specific risk at settlement: the valuation is done when the building is finished, not when you signed, and if the market has moved the difference is yours to cover.
Beyond that it is the usual density questions, sharpened by how much of the supply arrived at once. Buildings near the station and the employment corridor can hit a lender's exposure limit because so many people financed there.
Before you commit to a unit, check whether your preferred lender will take the building at all. Some limit how much they lend in one complex or in dense postcodes, and the answer can differ for a unit in the next block.
Usually not for the purchase itself: a freestanding house beside bushland is standard security. What can matter is whether the land is mapped as bushfire prone, which shows on the section 10.7 planning certificate. Worth checking before you offer.
Yes, if you are eligible and within the cap. Apartments near the station can qualify, but the lender must still have room in the building and the unit must meet its size rules.
Because it may have reached its limit for that building. Towers near Delhi Road can have plenty of evidence and still be full at a particular lender.
Most lenders set a floor around 50 square metres of internal area, and a few go lower with a larger deposit. They measure the internal area on the strata plan, not the advertised size including balconies.
Yes. Newer towers can have early defects, and older blocks maintenance due, which show up in levies.
Thirty minutes with Charles: what you could borrow, which lenders suit North Ryde 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.
