Your Trusted Mortgage Broker in Albion
Albion is full of apartments and townhouses close to Albion station and a short trip to the city, so many of the loans we write here are for units. Patrick Moore and the Loan Market Clayfield team are a few minutes up Sandgate Road.
Buying a unit or townhouse in Albion
Lenders assess an apartment differently from a house. Before you bid, we check how each lender treats the property as well as your income.
- Size of the unit. Some lenders set a minimum internal floor area, and studios or small one bedroom units can fall outside it.
- Size of the building. Large or high density complexes can attract a lower maximum loan to value ratio with some lenders.
- Body corporate. Levies count as an expense when a lender works out what you can afford. Read the sinking fund balance and recent meeting minutes before you sign.
- Off the plan. The lender values an off the plan unit near settlement, not when you sign. If the valuation comes in lower, you need a bigger deposit at the end.
Your first home in Albion
A unit in Albion is often a first step into the market. We work out your deposit and purchase costs and check whether you qualify for the Home Guarantee Scheme, which can let eligible buyers purchase with a 5% deposit and no Lenders Mortgage Insurance. Price caps and eligibility rules apply, and we check them against the property you want.
Investing in Albion
Tenants like Albion for the train line and the short trip to the city. For investors we look at the structure of the loan as well as the rate: interest only or principal and interest, an offset account against your own home loan, and keeping investment and personal debt in separate splits. Your accountant should confirm the tax side.
Ready to bid
Units in Albion often sell at auction or within days of listing. A pre-approval tells you your limit before you start, and we can talk to the agent and help you secure the property once you are ready.
Talk to us
Call Patrick on 0422 248 540 or the office on 07 3262 1600, or book a strategy call online. Our office at 787 Sandgate Road, Clayfield is open Monday to Friday from 8:30 AM to 5:30 PM and Saturday from 9:00 AM to 1:00 PM. We work with over 90 lenders and have over 250 five star Google reviews.
Reviewed by Patrick Moore, Director, Loan Market Clayfield, November 2026. This is general information only and does not take into account your personal circumstances. Lender policy varies.