At the 2021 Census, 24% of homes in Woy Woy were owned with a mortgage (NSW: 33%), 34% were owned outright and 38% were rented. The median mortgage repayment was $1,900 a month and the median rent was $380 a week.

Home ownership figures: ABS 2021 Census, Woy Woy Suburb and Locality, used under CC BY 4.0. Mortgage broker figures from BrokerScore, updated October 2026.

Buying your first home in Woy Woy

Woy Woy is in the $1,500,000 price cap area for the Australian Government 5% Deposit Scheme (Sydney and NSW regional centres). Eligible first home buyers can buy up to that price with a 5% deposit and no lenders mortgage insurance.

New South Wales grants and concessions

No transfer duty on new or existing homes up to $800,000, and reduced duty up to $1 million.
No duty on vacant land up to $350,000, and reduced duty up to $450,000.
A First Home Owner (New Homes) Grant is available for eligible new homes. Check Revenue NSW for the current amount and caps.

General information only, checked 9 October 2026. Sources: 5% Deposit Scheme price caps, New South Wales. Eligibility rules apply, so confirm with a mortgage broker.

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Mortgage broker Woy Woy FAQs

How many mortgage brokers are there in Woy Woy?

There is 1 mortgage broker on BrokerScore based in Woy Woy or serving the area, plus 29 more within 10 km.

Who are the top rated mortgage brokers in Woy Woy?

By BrokerScore, the top rated mortgage brokers in or near Woy Woy are Mortgage Choice Erina - Luke Whitbread (6.6), Mortgage Choice Erina - Peter Swan (6.6) and Mortgage Choice Gosford - Ian Winn (6.6). BrokerScore is a rating out of 10 that reflects reviews and how well a mortgage broker looks after the people who contact them. Mortgage brokers can’t pay to change it.

How much does a mortgage broker cost in Woy Woy?

Most mortgage brokers in Woy Woy don’t charge you for a standard home loan. They’re usually paid a commission by the lender once your loan settles. Some charge a fee for complex loans, so ask upfront. Every mortgage broker must give you a credit guide that explains how they’re paid and any fees.

What’s the average mortgage repayment in Woy Woy?

At the 2021 Census, the median mortgage repayment in Woy Woy was $1,900 a month, and 24% of homes were owned with a mortgage. Interest rates and prices have changed since then, so a local mortgage broker can work out what repayments would look like for you today.

What is the 5% Deposit Scheme price cap in Woy Woy?

Woy Woy falls under the $1,500,000 price cap that applies in Sydney and NSW regional centres. Under the Australian Government 5% Deposit Scheme, eligible first home buyers can buy up to this price with a 5% deposit and no lenders mortgage insurance. Some suburbs span more than one postcode, so confirm with a participating lender or mortgage broker.

Should I use a mortgage broker or go straight to my bank?

A bank can only offer its own home loans. A mortgage broker compares loans from the lenders on their panel. They must act in your best interests, and they handle the paperwork through to settlement.

How do I choose a mortgage broker in Woy Woy?

Compare BrokerScores and read recent reviews, check they help with your situation (for example first home buyers, refinancing or self-employed borrowers) and see which lenders they work with. Ask how they’re paid and how many lenders they’ll compare for you. You can message any mortgage broker on this page for free.

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