Your mortgage broker in St Andrews Beach.
Independent home loan, holiday home and construction lending advice for St Andrews Beach buyers and owners, on the ocean side of the Mornington Peninsula. We compare 40+ lenders, we're paid by the lender (not by you), and we know coastal lending.
Everstone Finance is an independent mortgage broker serving St Andrews Beach on the Mornington Peninsula. Founded by former major-bank lenders, we help buyers, owners and sea changers compare home loans across 40+ lenders, at no cost to you.
St Andrews Beach is its own kind of market, and it pays to have a broker who gets that
St Andrews Beach is the quiet end of the Peninsula's ocean side: 588 houses strung between the dunes and the moonah scrub, no shops to speak of, two parks covering more than a third of the suburb, and the surf at Gunnamatta and the back beaches doing the talking. This is a houses-only market, just 9 units exist, where blocks commonly run from around 850 square metres to well over 4,000, and the median house sale price sits at about $1,565,000, with the upper quartile at $1,755,000 and architectural builds beyond it.
The suburb's numbers read like nowhere else we cover. 87 per cent of homes are owner-occupied, the highest share on our books, and with a permanent population of just 974, a meaningful slice of those owners are Melbourne families holding a second home by the sea. The population is actually growing, up 9.6 per cent across the census period while bayside suburbs shrank, as sea changers turn weekenders into main residences. Households skew to couples with children, the predominant age group is 50 to 59, and mortgage repayments cluster at a modest $1,800 to $2,399 a month, telling you most owners here carry little debt against the coast.
The market moves at its own pace, and the data says so plainly: roughly 29 house sales a year, a median 68 days on market (down from over 120 last spring), and vendor discounts averaging around 8 to 9 per cent, the deepest of any suburb we track. St Andrews Beach also printed one of Melbourne's larger June median falls, which we unpack in our price-falls analysis: in a market this thin, medians swing on a handful of sales. For buyers, that combination, patient vendors, deep discounts, low competition, rewards arriving with finance already arranged.
Whether you are buying the beach house you have rented for years, building on one of the last vacant blocks, releasing equity from a Melbourne home to fund a sea change, or refinancing a coastal loan written in another market, the right structure matters more than the headline rate. That is the conversation the Everstone team has with you, in plain English, with no pressure. As an independent broker we hold a 5.0 Google rating and operate under the Best Interests Duty as Australian Credit Representative 526374.
St Andrews Beach property market snapshot (July 2026)
A direct read on where the St Andrews Beach market sits today, so the numbers we discuss are grounded in current data rather than guesswork.
Beach houses & coastal blocks
Stock & selling time
How St Andrews Beach values have moved
Median house values over five years, plus asking rents and the indicative gross rental yield on houses, so you can see the direction of the market, not just today’s number.
What the trend shows: the St Andrews Beach house median surged through the sea-change years, cooled through 2022 to 2025, and has begun edging up again, ending roughly 25% above early 2021, with a mid-2024 spike in the chart that says more about a handful of big sales than the market. Asking rents have climbed about 31% since late 2023 on an extremely small rental pool, lifting house yields toward 2.73%. Trajectories are read from the Cotality charts and rounded to each chart’s axis grid, shown to illustrate direction rather than exact monthly figures.
In short: as at July 2026, buying a house in St Andrews Beach typically means ~$1,565,000, in a market of 588 houses where only around 29 change hands a year, vendors discount 8 to 9 per cent on average, and homes take 68 days to sell. Patient markets reward prepared buyers: arriving with finance arranged is genuine negotiating power here.
Property and demographic figures sourced from Cotality (CoreLogic) Suburb Report data for St Andrews Beach VIC 3941, as at July 2026. Figures are indicative, rounded, and change over time. Contact Everstone Finance for the latest before making decisions. Page reviewed July 2026.
What it is really like to buy in St Andrews Beach
St Andrews Beach is what the Peninsula looked like before the crowds: a single ribbon of streets behind the dunes on the ocean side, moonah trees bent by the southerly, and the surf at Gunnamatta setting the daily rhythm. There are no cafés strips or supermarkets in the suburb itself, Rye and Fingal handle that, and residents like it exactly that way. For lending purposes it is one of the most distinctive markets we cover: houses only, big coastal blocks, a heavy holiday-home share, and transaction volumes so thin that preparation matters more than in any city suburb.
The homes, street by street
The stock runs from original 1970s beach shacks to serious architectural builds hidden in the tea tree, on blocks that commonly span 850 to 1,500 square metres and stretch past 4,000 on the acreage-style holdings toward Fingal. The median sale price sits around $1,565,000 with the lower quartile at $1,250,000 and the upper quartile at $1,755,000, and the trophy end, ocean-view builds along the dune line, trades well above. Bass Meadows Boulevard and the streets off Dundas and Alex Drive carry most of the listings. Valuations here lean on scarce comparables and can vary meaningfully between lenders, and larger blocks can brush up against land-size policies at some banks, both worth knowing before you offer.
Getting around and the lifestyle
The suburb sits 68km from Melbourne, about 90 minutes down the freeway, between Rye's back beach and Cape Schanck, with the Mornington Peninsula National Park guarding the coastline and two celebrated links courses, St Andrews Beach and The National at Cape Schanck, minutes away. Gunnamatta's surf, the ocean trail walks and the Peninsula's wineries fill the weekends. Rye, Tootgarook, Fingal and Cape Schanck wrap the borders, and plenty of owners graduated here after years of holidays in those postcodes. It is a lifestyle purchase in the purest sense, which is exactly why the lending needs care: the property may be discretionary, but the debt never is.
St Andrews Beach lending, in practice
Most St Andrews Beach purchases we arrange are second homes or sea changes, and both have their own mechanics. Holiday-home lending commonly runs off equity in a Melbourne residence, which means two valuations, two lending policies and a structure question about which property carries the debt. Lenders differ on coastal specifics: land size caps, partial short-stay income recognition, and how they value one-off architectural builds with few comparables. And the market's pace changes tactics: with vendors discounting 8 to 9 per cent on average and homes sitting 68 days, a buyer with finance formally arranged can negotiate from genuine strength, while a seller-turned-buyer may need bridging to move when the right home appears. All of it is exactly the kind of policy detail we compare across 40+ lenders before you commit.
Refinancing your home loan in St Andrews Beach
When did you last check your rate? Plenty of St Andrews Beach loans were written in the sea-change rush of 2020 to 2022, in a rate era that no longer exists, and the census says most owners here carry modest repayments that could well be sharper still. Whether this is your home or your weekender, the loan that suited you at purchase may no longer be the one that fits today.
Is it actually worth refinancing?
Refinancing only stacks up when the savings clear the costs. There can be discharge fees on the old loan and setup or valuation costs on the new one, so the honest question is how long the lower repayment takes to pay those back. On a typical St Andrews Beach loan the break-even is usually measured in months, not years, and we run the actual numbers for your loan before recommending anything, including telling you when you are already well placed.
Releasing equity in St Andrews Beach
Owners who bought before the sea-change surge are sitting on substantial equity, roughly 25 per cent of median growth in five years plus whatever their deposit built. Released sensibly, that equity can fund the renovation that turns a weekender into a full-time home, a build on a vacant block, or the next property move entirely. The wrinkle is valuation: one-off coastal homes value less predictably than city stock, and the lender that values your home generously is not always the one with the sharpest rate, so comparing both together is the game.
The holiday-home factor
A large share of St Andrews Beach loans are second-home loans, and they age differently. The Melbourne property that secured your beach house five years ago has likely grown, the structure that made sense then may be lazy now, and lenders treat holiday homes and any short-stay income with policies that vary far more than owner-occupier rules do. Restructuring the pair, main home and beach house, across the 40+ lender panel is one of the most common and most profitable reviews we run for Peninsula owners.
When did you last check your rate?
Most people set a loan and forget it, while lenders quietly keep their sharpest rates for new customers. A quick review tells you whether you're still on a competitive deal, or leaving money on the table. No cost, no obligation, no credit check.
Book your free quick reviewWhatever stage you're at
The same plain-English, best-interests approach, tailored to how people actually buy and hold on the ocean side of the Peninsula.
Holiday & second homes
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The classic St Andrews Beach purchase. We structure equity release from your main home, compare how lenders treat second properties and any short-stay income, and set the debt where it works hardest.
Sea changers
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Turning the weekender into the main residence, or trading Melbourne for the coast entirely, changes your lending picture. We model the move, including bridging, so the timing never forces your hand.
Construction & renovation
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Building on one of the remaining blocks or transforming a shack is half this suburb's story. We arrange construction lending with progress payments, and we know which lenders price coastal builds sensibly.
Refinancing
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If you've held your loan since the sea-change rush, you may be on a rate that sharper deals have left behind. We compare 40+ lenders and handle the switch, and we tell you honestly if you're already well placed.
Upgraders & downsizers
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Moving up the dune line, or freeing capital after the kids stop coming down, both run through valuation and timing in a 29-sale-a-year market. We model the numbers so the move is a confident one.
Self-employed & complex income
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If your income isn't a simple payslip, we know which lenders take a sensible view, and how to present your file so it's assessed on its real strength.
We know how lenders price loans and where the margin sits. That knowledge now works entirely for you, not the bank.
No charge for our service. Lenders price loans the same whether you go direct or through us, so there's no cost penalty for the help.
Proactive reviews and rate monitoring, and we handle the switch when a better deal appears. Independent, under the Best Interests Duty.
The people behind Everstone
You're trusting someone with one of the biggest financial decisions you'll make. Here's who you'll actually be working with.
Ahmed Lotfi
A former major-bank lender who now works entirely for you. Ahmed handles structuring, refinancing and investment lending across the 40+ lender panel.
Zappelin Heng
Co-founder with deep lender experience, focused on getting complex and self-employed files assessed on their real strength, not a tick-box.
Book a free St Andrews Beach mortgage consultation
15 or 30 minutes · phone, Zoom or in person by arrangement · calendar invite sent immediately
St Andrews Beach mortgage broker FAQs
Who is the best mortgage broker in St Andrews Beach?+
Everstone Finance is an independent mortgage broker serving St Andrews Beach on the Mornington Peninsula (VIC 3941), founded by former major-bank lenders Ahmed Lotfi and Zappelin Heng. It holds a 5.0 Google rating, compares loans across 40+ lenders, charges clients nothing (brokers are paid by the lender after settlement), and operates under the Best Interests Duty as Australian Credit Representative 526374.
Do I need to be in St Andrews Beach to work with Everstone Finance?+
No, and most buyers here are not local: many own homes in Melbourne and are buying on the Peninsula as a second home or sea change. We're based in South Yarra and work with borrowers by phone and Zoom, and in person by arrangement, wherever the property and the buyer happen to be.
What does property cost in St Andrews Beach right now?+
As at July 2026, Cotality (CoreLogic) data puts the St Andrews Beach house median sale price at around $1,565,000, with the lower quartile near $1,250,000 and the upper quartile at about $1,755,000. It is effectively a houses-only market, with just 9 units in the suburb. We can assess realistic borrowing capacity before you offer.
Can I get a loan for a holiday home at St Andrews Beach?+
Yes. Second-home lending is well established and commonly runs off equity in your main residence, so no cash deposit is needed in many cases. Lenders differ on how they treat holiday houses, any short-stay rental income and larger coastal blocks, which changes both approval and pricing, and comparing those policies across 40+ lenders is exactly what we do.
Why do St Andrews Beach homes take longer to sell?+
It is a small, discretionary market: 588 houses, roughly 29 sales a year, and owners who rarely have to sell. As at July 2026 the median time on market is around 68 days and vendor discounts average roughly 8 to 9 per cent. For buyers, that is negotiating room, provided your finance is arranged and you can transact when the right home appears.
Is using a mortgage broker free?+
Yes. No charge for the consultation, and no charge if you proceed. Brokers in Australia are paid by the lender after settlement, and lenders price loans the same whether you go direct or through a broker, so there's no cost penalty for the help.
Will an enquiry affect my credit score?+
No. A consultation involves no credit check. A credit enquiry is only run once you've reviewed your options and given explicit consent to formally apply.
Nearby areas we serve
Helpful guides for St Andrews Beach buyers
Suburb market figures are sourced from Cotality (RP Data) and are indicative. cotality.com.au
Serving St Andrews Beach VIC 3941 · based at 35 Malcolm St, South Yarra VIC 3141
0407 834 757 · ahmed@everstonefinance.com.au