How do I find the best mortgage broker in Perth?

The best Perth mortgage broker holds an Australian Credit Licence, is a member of the MFAA or FBAA, has access to a broad lender panel (30 or more lenders), and charges no upfront fee to borrowers. At Verve Lending, Andrew Perry brings over 35 years of Perth lending experience, we work with 30+ lenders, and our advice is always free to borrowers — we're paid by the lender only when your loan settles.

What is the difference between a mortgage broker and going directly to a bank?

When you go directly to a bank, you only see that bank's products. A Perth mortgage broker like Verve Lending works with 30+ lenders simultaneously — comparing rates, features, fees, and credit policies across the whole market to find the loan that suits your specific situation. Under Australian law, mortgage brokers are legally required to act in your best interest.

Can a mortgage broker help with home loans for self-employed borrowers in Perth?

Yes. Self-employed home loans are one of our specialisations at Verve Lending. We work with lenders who assess self-employed applications fairly and have experience presenting complex income scenarios in a way that maximises your chance of approval.

How much deposit do I need to buy a home in Perth?

Most Perth lenders require a minimum 5% deposit for owner-occupiers, though a 20% deposit avoids Lenders Mortgage Insurance (LMI). First home buyers in WA may also be eligible for the First Home Owner Grant. The right amount depends on the purchase price, your income, and the lender.

Is it worth refinancing my home loan in Perth right now?

If you've been with the same lender for more than two to three years and haven't reviewed your rate, you're likely paying more than you should. Verve Lending offers free loan health reviews — we compare your existing loan against 30+ lenders and advise you honestly whether refinancing makes financial sense.

Refinancing Rises as Lenders Compete for Your Business

The latest Property and Mortgage Insights report from PEXA reveals a 12.5% surge in refinancing activity for the March 2025 quarter, sparking fierce competition among lenders and marking a clear response to February’s Reserve Bank rate cut.

According to PEXA’s data, 91,786 refinances were settled in the quarter, up significantly from the same period in 2024. PEXA Group chief economist Julie Toth attributed the surge to improved borrowing capacity and new lender incentives such as reduced fixed rates and cashbacks.

“Growth in refinancing activity has been driven by the recent interest rate cut… and resulted in lenders introducing incentives such as reduced fixed-rate loans and cash incentives for homebuyers,” said Ms Toth.

Nationally, property settlements remained strong, with 156,573 transactions across the five mainland states totalling $158.5 billion—up 1.2% in volume and 5.3% in value compared to the March 2024 quarter. Residential property alone accounted for $140.7 billion, a 6.4% increase year-on-year and a 56.1% rise compared to March 2020.

Queensland Takes the Crown

Queensland led the way in both transaction volume and price growth. The state recorded 45,530 settlements—more than any other—and median house prices in Greater Brisbane rose 12.3% year-on-year. Regional Queensland outpaced that with a 13.6% increase. Popular suburbs included areas across the Gold Coast and Sunshine Coast, though rising prices have begun to edge out many first home buyers.

“This increased popularity in QLD is also coming at a cost for first home buyers… the proportion of properties selling under $800,000 is now in sharp decline,” Ms Toth noted.

Victoria also posted strong results, with residential settlement volumes rising 4.1% and commercial property activity showing healthy growth, especially in Melbourne’s expanding western, northern, and south-eastern suburbs.

South Australia was the standout performer in percentage terms, with settlement volumes up 4.3%. WA followed closely, recording double-digit growth in total property value, particularly around Greater Perth.

In contrast, New South Wales lagged with residential growth under 1% and a notable decline in commercial settlement volumes, despite topping the charts in commercial property value at $7.7 billion.

Mortgage Market Trends

Loan activity was also up across the board. A total of 119,491 new home loans were settled—5.4% more than last year—totalling $80.2 billion. Of that, $73.5 billion was for residential lending, an 8.2% increase from the March 2024 quarter.

PEXA’s report suggests a renewed wave of ‘mortgage wars’ is underway, driven by falling rates, competitive offers, and shifting buyer preferences toward more affordable markets in Queensland, WA, and SA.

Thinking about refinancing? Now could be the perfect time to review your home loan. With lenders competing harder than ever, you might unlock a better rate or cashback offer—get in touch to explore your options.

verve lending - residential mortgage specialist

Serving Perth — From the City to the Coast

Verve Lending works with borrowers right across Perth including Subiaco, Fremantle, Cottesloe, Nedlands, Scarborough, Joondalup, and throughout the wider Perth region. We're also set up to work remotely with clients across Western Australia.

Licensed, Accredited, and Accountable

Verve Lending operates under an Australian Credit Licence and is a proud member of both the Mortgage & Finance Association of Australia (MFAA) and the Finance Brokers Association of Australia (FBAA). When you work with Verve Lending, you're working with brokers who are legally required to act in your best interest — not the lender's.

VERVE FINANCIAL HOLDINGS PTY LTD (ACN 685 643 627) with Australian Credit Representative Number: 571515 is authorised under Australian Credit Licence: 389087.

Ready to Talk? Let's Start With a Conversation.

Whether you're six months from buying, thinking about refinancing, or just want to understand your borrowing capacity, Andrew and Tahlia are available for a no-obligation conversation. Call 0434 125 823 — no automated responses, no offshore call centres.

LET'S TALK: 0434 125 823 Send us a message

IMPORTANT NOTE: All content is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. Any recommendations made about a financial product are general advice only and has not taken into account your particular needs and circumstances. You should consider the Product Disclosure Statement to determine if the product is suitable for you before you decide to purchase it.