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Founded in 2007, Yellow Brick Road focuses on providing its customers with access to financial products and services like home loans, financial planning, insurance, superannuation and investment advice. As a full service wealth management company, Yellow Brick Road provides advice through a series of wealth managers who work from its extensive nationwide branch network. Yellow Brick Road offers loans from a broad range of lenders, in addition to their own catalogue of home loan products.

Yellow Brick Road Home Loan Calculator
Interested in a Yellow Brick Road home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Yellow Brick Road compares to its competitors. Simply plug in your borrowing amount below. 

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Yellow Brick Road home loans rates

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Pros:
  • Wide network of branches and financial consultants.
  • Loans have competitive interest rates.
  • Opportunity to bundle loans into an Empower Package.
Cons:
  • Some loans have ongoing fees.
  • Some loans have limited features.
Yellow Brick Road customer service:

Yellow Brick Road customers can contact a local broker by calling the customer service hotline, filling out the online enquiry form or popping into their local Yellow Brick Road branch.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Branch

✓     Mobile banking staff

How to Apply

Customers wanting to apply for a Yellow Brick Road home loan can apply by filling out an enquiry form or by meeting with their local Yellow Brick Road Wealth Adviser. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Name and contact details of each borrower.
  • Proof of income and employment including pay slips.
  • List of income and expenses including credit card loans and car loans.

FAQs

They’re impersonal 

Most comparison sites give you information about rates, fees and features, but expect you’ll pay more with a low advertised rate and $400 ongoing fee or a slightly higher rate and no ongoing fee. The answer is different for each borrower and depends on a number of variables, in particular how big your loan is. Comparisons are either done based on just today or projected over a full 25 or 30 year loan. That’s not how people borrow these days. While you may take a 30 year loan, most borrowers will either upgrade their house or switch their home loan within the first five years. 

You’re also expected to know exactly which features you want. This is fine for the experienced borrower, but most people know some flexibility is a good thing, but don’t know exactly which features offer more flexibility than others. 

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

They’re not always timely

In today’s competitive home loan market, lenders are releasing new offers almost daily. These offers are often some of the most attractive deals in the market, but won’t get rated by traditional ratings systems for up to a year. 

The assumptions are out of date 

The comparison rate is based on a loan size of $150,000 and a loan term of 25 years. However, the typical loan size is much higher than that. Million dollar loans are becoming increasingly common, especially if you live in metropolitan parts of Australia, like Sydney and Melbourne. It’s also uncommon for borrowers to hold a loan for 25 years. The typical shelf life for a home loan is a few years. 

The other problem is because it’s a percentage, the difference between 3.9 or 3.7 per cent on a $500,000 doesn’t sound like much, but equals around $683 a year. Real Time Ratings™ not only looks at the difference in the monthly repayments, but it will work out the actual cost difference once fees are taken into consideration. 

Details  

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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