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Mortgage Broker Toowong

Improve your chances of getting a loan with an award winning mortgage broker.
We have one of the highest loan approval rates in the country.

  • Market-leading

    Approximately 40% of home loan applications were rejected in December 2018 based on a survey of 52,000 households completed by DigitalFinance Analytics DFA. In 2017 to 2018 Hunter Galloway submitted 342 home loan applications and had 8 applications rejected, giving a 2.33% rejection rate.

    loan approval rate in Australia of 97%
  • Variety of options due to direct access to 30+ Australian banks & lenders
  • #1 rated

    The highest rated and most reviewed Mortgage Broker in Brisbane: 5-star rating based on 1600+ reviews on Google

    Mortgage Broker in Brisbane
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Improve your chances of getting a loan with an award winning mortgage broker. We have one of the highest loan approval rates in the country

Get a Free Assessment

We promise to get back to you within 4 business hours

Our reputation and achievements

Market average rejection rate is 40%, our rejection rate is 3%
Approximately 40% of home loan applications were rejected in December 2018 based on a survey of 52,000 households completed by 'DigitalFinance Analytics DFA'. In 2017 to 2018 Hunter Galloway submitted 342 home loan applications and had 8 applications rejected, giving a 2.33% rejection rate.
2024 Mortgage Broker of the Year

Don't risk having your
home loan declined

Did you know that over
40%
Approximately 40% of home loan applications were rejected in December 2018 based on a survey of 52,000 households completed by 'DigitalFinance Analytics DFA'. In 2017 to 2018 Hunter Galloway submitted 342 home loan applications and had 8 applications rejected, giving a 2.33% rejection rate.
of home loan applications that get submitted
never make it to settlement? Don't take that risk.

  • We know the banks inside out

    Our brokers have over 35 years of combined experience in the finance industry, including decades of banking experience, and have processed thousands of home loan applications.

    We have a wide range of lenders on our panel and we intimately understand their credit policies. This means we know the problems you may face on your loan application and how to mitigate them when applying with any specific bank or lender.

  • Reducing risk of rejection

    Unlike other brokers, Hunter Galloway completes our own internal credit assessment process before applying with any lender.

    Your application will be assigned its own Credit Manager who reviews each application thoroughly before it is submitted to the lenders, meaning we won't apply with a lender who won't approve your loan.

manager
2024 Mortgage Broker of the Year
Why Choose Hunter Galloway As
Your Mortgage Broker?
One of the lowest rejection rates
Across Mortgage Brokers in Australia
The highest rated and most reviewed
Mortgage Broker in Brisbane on Google
We have direct access to 30+ banks and lenders
Across Australia

About Toowong

Overview

Toowong is an inner-western suburb of Brisbane, located 5km from the CBD. Known for its leafy streets and mix of heritage homes and modern apartments, Toowong offers a blend of urban convenience and suburban charm. The area has a rich history dating back to the 1860s and features landmarks like the Toowong Village shopping center and the iconic Regatta Hotel. With the Brisbane River bordering its eastern edge, Toowong boasts picturesque views and riverside parks. The suburb attracts a diverse population, including families, young professionals, and students due to its proximity to the University of Queensland. Excellent public transport options, including train and bus services, connect Toowong to the city and surrounding areas. The suburb also benefits from quality healthcare facilities and a vibrant local community.

Looking to buy a home in Toowong?

Find out if you're eligible for a loan

Toowong Demographics

Population

12,556

Median Age

30 years

Family Makeup

2,879

Weekly Rent

$420

Weekly Income

$1,927

Safety Score

11

Lower score indicates higher safety

Toowong Property Market

Median House Price

$1,587,500

Median Unit Price

$625,000

Days on Market (Houses)

38 days

What are properties like in Toowong?

Toowong presents a rich array of housing options that cater to a variety of lifestyles and preferences. The suburb's housing landscape is dominated by apartments, which make up 66.9% of the dwellings. This high percentage of apartments makes Toowong particularly attractive to young professionals, students, and those seeking a low-maintenance lifestyle. Houses account for 28.1% of the housing stock, providing ample space for families or residents who desire a larger living area and outdoor space. Townhouses represent a smaller portion, at 4.9%, offering a comfortable middle ground between houses and apartments. This combination of housing types means that Toowong can cater to a diverse range of residents, from singles and young couples to growing families and retirees. The substantial presence of apartment living contributes to the vibrant, dynamic atmosphere of the suburb, whereas the houses and townhouses provide quieter, more spacious options. For potential homebuyers, this variety implies a wealth of choices, ensuring that there's a property type to meet different needs and budgets. Additionally, this mix of dwelling types can be appealing for investors, as the range of housing options can attract a broad spectrum of tenants, enhancing rental opportunities. Whether you're in search of a lively urban environment, a spacious family home, or a balanced in-between, Toowong’s housing choices support a wide range of lifestyle needs. The suburb's appeal lies in its ability to meet the needs of various demographics, ensuring it remains a sought-after location for many.

How many bedrooms in Toowong properties?

Toowong offers a diverse range of property sizes to suit various needs and lifestyles. The largest segment of homes (46%) in Toowong are 2-bedroom properties, making it an attractive choice for couples or small families. Following this, 3-bedroom homes account for 24%, catering well to growing families or those who prefer extra space. Another 15% of properties have 4 or more bedrooms, ideal for larger families or those who seek additional rooms for guests or home offices. For singles or those seeking a more compact living solution, 12% of the homes are 1-bedroom, while studio or bedsit options make up a modest 0.5%. This diverse mix of housing options means that Toowong can accommodate a wide range of residents, from individuals and young couples to large families and multi-generational households. For homebuyers, this variety offers the flexibility to choose a property that meets their current needs while providing room for future growth. Additionally, the range of property sizes suggests good potential for property value appreciation, as it appeals to a broad demographic base. Whether you're a single professional looking for a cozy studio, a young family seeking a 2 or 3-bedroom home, or a larger family needing extra space, Toowong has something to offer. This suburb's versatility makes it a great choice for different lifestyles and investment opportunities.

Looking to invest in Toowong?

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Living in Toowong

Education

Toowong offers a range of quality educational options. The suburb is home to Toowong State School, a well-regarded primary school known for its strong academic programs and community involvement. For secondary education, nearby options include Indooroopilly State High School and Brisbane Boys' College. Several private schools are within easy reach, including St Ignatius School and Stuartholme School. Toowong's proximity to the University of Queensland in St Lucia makes it a popular choice for tertiary students. The suburb also hosts several language schools and vocational training centers, contributing to a diverse educational landscape that caters to various age groups and academic needs.

Parks and Recreation

Toowong boasts an array of parks and recreational facilities that cater to outdoor enthusiasts. The Brisbane Botanic Gardens Mt Coot-tha, located on the suburb's western edge, offers extensive walking trails, picnic areas, and stunning city views. Perrin Park, situated along the Brisbane River, provides sports fields and a popular dog off-leash area. The Toowong Memorial Park features tennis courts and a swimming pool. The Brisbane River bikeway runs through Toowong, offering excellent cycling and walking opportunities. The Toowong Bowls Club and various fitness centers provide additional recreational options. Regular community events and markets in these green spaces further enhance the suburb's vibrant outdoor lifestyle.

Shopping and Dining

Toowong offers a diverse range of shopping and dining options. The Toowong Village shopping center is the suburb's retail hub, featuring major supermarkets, specialty stores, and a variety of services. High Street hosts an eclectic mix of boutiques, cafes, and restaurants. The iconic Regatta Hotel and Royal Exchange Hotel offer traditional pub fare and live entertainment. Sherwood Road is lined with diverse eateries, including Asian cuisines, modern Australian restaurants, and trendy cafes. The suburb also boasts several gourmet food stores and a weekly farmers' market. With its mix of chain stores, local businesses, and dining establishments, Toowong caters to a wide range of tastes and shopping needs.

Transportation and Walkability

74/100 Toowong offers a balanced lifestyle with a walkability score of 74, making it convenient for residents to accomplish daily activities on foot. This score suggests that many errands can be done without needing a car, enhancing the community's accessibility and reducing reliance on vehicles. Most residents prefer to drive, with a significant number also using public transport, providing flexibility based on personal preferences and circumstances. This mix of transportation options is ideal for various lifestyles, whether you enjoy walking to local amenities, taking public transport to work, or driving when necessary. For potential homebuyers, these features are attractive as they contribute to a better quality of life, easing travel and possibly reducing commuting costs. Additionally, suburbs with diverse transport options often experience steady property values, making Toowong a promising choice for long-term investment, appealing to everyone from young professionals to growing families.

Our Mortgage Services in Toowong

First Home Buyers

Navigating the Toowong property market as a first-time buyer can be challenging. Our brokers provide personalized guidance to help you find the right loan and maximize your borrowing capacity.

Refinancing

Looking to refinance your Toowong property? We can help you secure better rates and terms tailored to your current financial situation.

Investment Loans

With median house prices in Toowong at $1,587,500, let our investment loan specialists help you structure your loan for maximum benefit.

Lenders on our panel

  • Westpac Bank
  • ANZ Bank
  • NAB
  • AMP
  • Adelaide Bank
  • FirstMac
  • Commonwealth Bank (CBA)
  • St George Mortgage Brokers
  • ING Direct
  • Home Loans

Questions and Answers About Toowong Home Loans

What should I know about buying property in Toowong?

When buying in Toowong, it's important to understand the local property market trends. Currently, the median house price is $1,587,500 and median unit price is $625,000.

The area has a population of approximately 12,556 residents, and offers a range of amenities and lifestyle benefits. Working with a local mortgage broker who understands the Toowong market can help you navigate the buying process more effectively.

Are you able to do virtual meetings?

Yes, our mortgage brokers can 'face to face' meet you using Zoom Meeting or Google Hangouts, whichever is your preference. In our online meeting, we'll be able to go through your requirements and walk you through the home buying process in Toowong.

Our mortgage brokers are working and are available during the coronavirus outbreak, so if you need any assistance with a home loan get in touch today.

What is a mortgage broker?

A mortgage broker is a consultant that can help you with finding a home loan, or mortgage usually from their panel of lenders. Once the right home loan has been selected, the mortgage broker will help you manage the home loan process, from initially signing the paperwork all the way until settlement.

How can a mortgage broker help me buy in Toowong?

A mortgage broker familiar with Toowong can provide valuable insights about the local property market and help you secure the best possible financing. They will work with you to understand your budget and goals, then connect you with lenders offering competitive rates and terms suited to your specific situation.

At Hunter Galloway, we have access to over 30 different banks and lenders, giving you a wide range of home loan options to ensure we have a lender that can fit in with what you need when buying in Toowong.

Is it good to go through a mortgage broker?

Applying for your home loan through a mortgage broker gives you many advantages and there are no down sides.

We will give your application more care and attention than going direct, and we can offer you the best loan product across over thirty different lenders.

And if your loan application is complicated for any reason, we have the in depth knowledge and expertise required to correctly assess your situation and find you the right loan.

How much do mortgage brokers get paid in Australia?

Mortgage brokers in Australia get paid commissions from the banks. There is no cost to you as the client.

We do the same work the branch manager would do in putting together your application, so the lenders pay us for that service. The difference is that we are invested in your loan application - we don't get paid otherwise - so we will work very hard for it to get approved, as well as provide incredible service.

How long should a mortgage application take?

The length of a mortgage application depends on various factors, including the complexity of your application and the lender you're using. Simple applications with responsive lenders can be very quick, while more complex cases may take longer.

For property purchases in Toowong, it's common for us to have finance approved within 14 days, or 2 weeks - sometimes less if you have tight finance timeframes.

We will give you an estimate of the expected timeframe for your application when we submit it to lenders, and keep you updated every step of the way. As a general guide, most applications are settled within a month (and many are settled much quicker).

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  • 60%
    average loan Approval Rate
  • 97%
    our loan Approval rate
  • 2,000+
    5 star Reviews on google

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