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 Rebound: What 100,000 + Aussies Swapping Lenders in Q1 2025 Tell Us

Refinancing activity surged in early 2025, with over 100,000 borrowers switching lenders in Q1, reaching the highest levels since September 2023. What’s driving this trend, and what does it mean for homeowners and the lending market?

Q1 2025 Refinancing Data

ABS Lending Indicators: Number of new dwelling loan commitments fell 3.5%, but refinancing volumes are up to recent highs.
Mortgage professionals: Nearly 100,000 homeowners refinanced in Q1—the strongest flow since late 2023.

Why Borrowers Are Jumping Ship

Fierce rate competition: Lenders are aggressively poaching customers.
Rate cuts: RBA’s February adjustments spurred borrowers to act.
Rising financial pressure: Although rates remain high, many are seeking ongoing savings amid mounting household stress.

Winners & Losers

Homeowners saving: Those who timed their switch to lower rates and lower fees are winning.
Main banks losing share: Non‑bank lenders and smaller institutions are capturing refinancing flows, pressuring majors like CBA, NAB, Westpac.
Risks: Some borrowers may be under increasing stress as loan scrutiny tightens.

What the Data Signals

Consistent refinancing rates, particularly during earlier high-rate periods, suggest that consumer rate sensitivity is strong.
Non‑banks gaining momentum could redefine lender competition.
ABS data: New owner-occupier and investor loan commitments declined, except for refinancing, which continued to rise.

Refinancing is the under‑appreciated story of 2025’s mortgage market. Cost-conscious borrowers, rate competition, and non‑bank lenders are reshaping the landscape. Brokers and banks need to move swiftly or risk losing their loyal customers.

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.

Refinancing Rebound: What 100,000 + Aussies Swapping Lenders in Q1 2025 Tell Us