Mortgage Broker in Essendon
Period homes over $1.8 million and units under $600,000 in the same postcode. We help Essendon buyers at both ends compare 60+ lenders.
Home Loans for Essendon's Two Markets
Lifestyle Loans is a mortgage broker five minutes from Essendon, at 384 Keilor Road in Niddrie. Essendon's median house price is above $1.8 million while its median unit is under $600,000, so our Essendon clients range from first home buyers paying no stamp duty to upgraders borrowing well over a million dollars.
Essendon is in the City of Moonee Valley, about 9 km from the CBD, served by Essendon and Glenbervie stations on the Craigieburn line and the Route 59 tram. At Essendon prices, small differences in lender policy change how much you can borrow.
What It Costs to Buy in Essendon
At Essendon's median house price of $1.83M, a buyer with a 20% deposit needs about $472,393, and repayments on the $1.46M loan come to about $8,967 a month.
| Purchase Costs | Median House | Median Unit |
|---|---|---|
| Purchase Price | $1,830,000 | $559,000 |
| $104,393 | $30,152 | |
| Other Costs | $2,000 | $2,000 |
| Total Purchase Cost | $1,936,393 | $591,152 |
| 20% Deposit | ||
| Loan Amount (80%) | $1,464,000 | $447,200 |
| Total Funds Required | $472,393 | $143,952 |
| Monthly Repayment | $8,967 | $2,739 |
What income do you need to buy in Essendon?
With a 20% deposit, the median house needs a $1.46M loan. Most lenders would want a household income of about $245,000 to $295,000 to support it. For the median unit, the $447,200 loan needs about $75,000 to $90,000.
Median prices from realestate.com.au, sales September 2025 to August 2026, a guide only and not a valuation. Owner occupier, established home, Victorian 2026-27 duty and fees, 30-year principal and interest at an example rate of 6.2% p.a. Excludes lenders mortgage insurance and lender fees. Incomes assume no other debts or dependants. The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you get in touch with us before taking out a loan so that we can provide you with advice that is tailored to your situation.
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Real reviews from Melbourne clients we have helped.
Daniella A.
“He helped us refinance 2 home loans which were quite complex. He is knowledgeable, responsive, and genuinely had our best interests at heart throughout the entire process.”
Belinda L.
“This was our second time going through Lifestyle Loans, and once again the whole process was a breeze.”
Sophie L.
“He set out different mortgage options for us clearly, and patiently answered all our questions.”
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