Australia’s fastest growing region is attracting prominent new businesses, with Australia’s largest mortgage broker, Aussie Home Loans, the latest to capitalise on the flourishing area and open a new store in South Morang.
Coupled with rising property prices of 4.3 per cent and 1.2 per cent for units and houses respectively over the last 12 months, Aussie South Morang franchisee Wayne Lewis believes the suburb has immense potential.
“Since opening our doors, we have been meeting with many home buyers who have been priced out of other Melbourne suburbs that have undergone substantially higher capital growth over recent months. They’re looking for more affordable options further out, with South Morang and nearby developments catching their interest.
“I believe the area offers very good value for money, with its strong infrastructure and close proximity to schools, universities, shops and transport. It’s ideal for young first home buyers or families looking for convenience at an affordable price,” Mr Lewis said.
For example, South Morang’s median apartment price is $343,500 and the median house price is $534,000, according to July CoreLogic RP Data figures.
“The fact that the population is growing around us here faster than anywhere else in the country is a really positive sign, and potentially an indicator that prices will continue to rise. We are excited to offer our local community home loans from Aussie’s panel of up to 20 lenders, including the big banks, as well as insurance and personal loans,” he added.
Located in the South Morang Corporate Centre, on the corner of Plenty Road and McDonalds Road, South Morang, and serving the City of Whittlesea and Shire of Nillumbik, Mr Lewis and his team of mortgage brokers are available to help anyone looking for the right home loan solution for their needs.
Mr Lewis said, “We can help all types of home buyers whether you are purchasing your first home, buying an investment property, upgrading or downsizing to a new home or refinancing, together with Aussie vehicle and equipment financing. We are often available when the banks are not, and our experience can help you save time and money.
“Our unique mortgage software allows us to rank home loans quickly and accurately for you to ensure you can choose the right home loan for your needs and aspirations,” Mr Lewis concluded.
Aussie South Morang is open 9:00am to 5:30pm Monday to Friday, Saturdays from 10am-2pm or outside of these hours by appointment. Visit www.aussie.com.au/southmorang or call 9407 1960.