In the 12 months to March 2010, unit purchases really took off in Mermaid Beach, said Loan Market Mermaid Beach mortgage broker, Ross Corby.
“The number of units sold in the area was well over double that of freestanding houses,” said Ross, referring to both his own experiences finding home loans and a personalised report.
“It’s a good indication of how affordable units are in the Mermaid Beach area, in a relative sense.”
Ross works with property purchases to assist them with their home loan or investment loan requirements, and said that if you are considering buying a unit in Mermaid Beach, or anywhere on the Gold Coast, that there are a few conditions you need to keep in mind.
“Some lenders will limit the amount of money you can borrow if the unit is quite small – usually for those under 50 square metres,” said Ross.
“And if you are looking at a large apartment block, a mortgage broker can be a huge asset when looking for the loan as you may need to shop around a bit to find the right lender.”
Ross has been living and working on the Gold Coast for the past 15 years and has extensive experience as a mortgage broker and in a number of other roles within the home loan industry.
He specialises in assisting clients purchasing real estate with their finance needs, including home loans and investment loans.
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