Dave Phelan
Director, Mortgage Broker
20+ yrs · $700M+ settled · Australia's Top 100 Brokers ×3 · MFAA
Co-founder, based at the Osborne Park office. Runs complex South Perth files including PPOR upgrades, investment lending and development finance.
Mortgage Broker · South Perth 6151
Mortgage Broker for South Perth, Perth
South Perth sits directly across the river from the CBD, with the postcard skyline view. It is a dual-market suburb: Federation and character homes stretched along Coode Street and Mill Point Road, and a wall of apartment towers along Mends Street with unmatched CBD views. We settle both, from a $2M PPOR on Ryrie Avenue to a $650K apartment on the strip.
- 6151 postcode
- House + apartment
- 307+ 5.0★
- here since 2015
ACL 497 950
MFAA Member
South Perth dual-market files
One suburb, two loan books
Federation on the street, high-rise on the river.
South Perth is 3 km south of the CBD across the Narrows and Causeway. The view from Mill Point Road is the reason people pay to be here: the CBD skyline dead-ahead, Perth Zoo on the doorstep, and the ferry running across to Elizabeth Quay every 15 minutes. The suburb splits cleanly into two markets, and a mortgage broker has to work both differently.
The house market is dominated by Federation and 1930s character homes on quiet streets like Coode Street, Judd Street, and Ryrie Avenue. Big blocks, some heritage overlay, and the buyer profile is upgrader families or downsizers landing from Applecross. The apartment market is the Mends Street strip, plus the newer Mill Point Road towers. Views drive value, floor levels drive value, and lender policy on high-density stock drives what you can borrow.
The Comer Street strip on the south side of the suburb is quieter and more residential. That is where most buyers land who want the suburb without paying the river premium. Central Lending Solutions runs South Perth files monthly from our Osborne Park office, 20 minutes north over the freeway.
How we help
Two playbooks, one broker.
Character home upgrades on the residential streets
For Federation and 1930s upgraders on Coode Street, Judd Street and around, the file looks like a standard PPOR upgrade with one twist: heritage overlays trip up valuers who do not know the local stock. We steer to lenders whose panel valuers have done work in South Perth before, so the valuation comes back at contract, not 10 percent under.
Apartment loans in the Mends Street towers
Apartments on Mends Street, Mill Point Road and the newer river towers have their own lender attitude. Some majors cap LVR at 70 percent for anything above a certain floor. We know which lenders like South Perth apartments and which shade them. The right lender means you borrow the amount you actually need.
Downsizers from Applecross and beyond
South Perth is a downsizer destination. Most downsizers are cash-strong but want offset facility for liquidity. We build a small drawn loan with a full offset so your equity sits liquid and the mortgage costs almost nothing to hold.
By the numbers
South Perth lending snapshot.
| Detail | South Perth |
|---|---|
| Typical house loan | $900K to $2M |
| Typical apartment loan | $400K to $900K |
| Postcode | 6151 |
| Distance to Perth CBD | About 3 km south, ferry across |
| Common buyer | Federation upgraders, tower downsizers, professionals |
| Suits | Character-friendly majors, non-majors for tower stock |
Near: Mends Street · Mill Point Road · Perth Zoo · Coode Street · Ferry Terminal.
Servicing from
129 Hasler Road, Osborne Park WA 6017.
Common questions
South Perth mortgage broker FAQs.
Is a South Perth Federation home hard to finance?
Not usually, but heritage overlays and older wiring can spook a valuer who does not know the suburb. We select lenders whose panel has done South Perth work before. The valuation comes back closer to contract price, and pre-approval holds.
Which lenders like South Perth apartments?
Most majors will lend on the Mends Street and Mill Point towers, but LVRs tighten for higher floors or smaller floor plates. Non-majors like Macquarie and ING are often more comfortable with tower stock. We check the specific building against policy before you offer.
Can I bridge into a South Perth house from an existing home?
Yes. Bridging is a common play for South Perth upgraders coming from Como, Applecross or the western suburbs. We structure a 6 to 12-month bridge with clear peak-debt limits, and time settlement around your existing sale.
I'm downsizing to South Perth. Should I take a loan at all?
Often yes, but a small one. A drawn loan with a full offset lets you keep equity liquid without paying interest until you draw it. It costs almost nothing to hold and gives you optionality on the next move. Cash-only downsizers regret it when the plumber's bill hits.
How does the river view affect the loan?
The view drives price, and valuers price it. Where the view is genuine (river-facing, uninterrupted), lenders will fund up to contract. Where the view is partial or peep, valuations get soft. We know which lenders' valuers treat South Perth view premium fairly, and which discount it.
Do you handle investment loans in South Perth?
Yes. Apartment stock in South Perth rents strongly to CBD professionals. We structure investment loans for tax and cash flow, keep serviceability tight, and time the equity release from your existing PPOR so the next deposit is ready when you find the right property.
Your local broker
Talk to a named South Perth broker.
Harj Dhillon
Director, Mortgage Broker
10+ yrs · $500M+ settled · MFAA member
Home loans, investment lending and refinancing for hundreds of Perth families, including regular South Perth buyers.
Perth clients
What clients say.
The team at Central Lending Solutions were fantastic from start to finish. Clear communication, no surprises, and they found us a lender who understood what we were trying to do when the first bank we spoke to had said no. Cannot recommend highly enough.
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Related
Nearby suburbs we cover.
Here to help
Talk to a South Perth broker who knows both markets.
A free chat with a named broker. Whether it is a Federation on Coode Street or a Mill Point tower, we know the lender to lead with.
- $1.2B+ settled
- 307+ 5.0★
- ACL 497 950
