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.

Rate Relief in Motion What the August RBA Rate Cut Means for Homeowners and Investors

On 12 August 2025, the Reserve Bank of Australia (RBA) cut the official cash rate by 25 basis points to 3.60 per cent. This marks the third cut in just six months, and Australia’s major lenders have already confirmed they will be passing on the full reduction to eligible customers.

For an average $700,000 home loan, the rate drop could mean around $92 in monthly savings or more than $1,100 a year. For many households, that’s extra breathing room in the budget, while for investors, it could help improve cash flow or make additional repayments.

How the banks are responding

Commonwealth Bank: 22 August
ANZ: 22 August
NAB: 25 August
Westpac: 26 August

Each bank has confirmed its variable home loan rates will fall in line with the RBA’s move. Fixed rates remain unchanged for now.

Refinancing momentum builds

Refinancing activity is continuing to rise, with Q1 2025 figures showing more than $60 billion in loans refinanced — a 3.1 per cent increase on the previous quarter. Many borrowers are taking advantage of lower rates to either shorten their loan term, reduce repayments, or access equity for other purposes.

What this could mean for you

If you’re on a variable rate, you may see your repayments drop within weeks.
If your lender isn’t passing on the full cut, it may be worth exploring other options.
Lower rates could improve borrowing power for those looking to buy or invest.

Next step

With another cut possible in early 2026, now is an ideal time to review your loan. Did you know we offer a complimentary loan review service where we compare your loan to thousands of available options and help you make the most of the current market conditions? Let’s chat.

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.