Your local Mortgage Broker & Home Loan Expert in Richmond, Prahran, St Kilda, Malvern and across Melbourne

Call: 03 9568 2055

As your local Mortgage Broker in Richmond & Prahran, my goal is to help you find a competitive home loan that fits with your finances. That starts with giving you access to home loans from over 35 lenders and recommending the ones that will suit you best. My home loan service is free and focused on making the process as easy as possible for you.

Call Us Mortgage Choice Richmond
Office - 03 9568 2055

Open Hours Mortgage Choice Richmond
Monday - Friday: 9:00am - 5:00pm
After hours by appointment
Free Appointment

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Your partner throughout the home loan process

There's lots to consider when choosing a home loan, and I'm passionate about helping my clients make the right choice - especially on such a big purchase.

As your local Mortgage Broker in Richmond & Prahran, I partner with you - on your first home, next home, new business or investment - to support you and help you make a great choice on the finance side of things.

Access to thousands of home loans

Having access to a wide range of loan options is key to finding one that suits you. Your everyday bank can only offer products from that particular bank. In contrast, I am accredited with over 35 quality lenders, giving me access to thousands of home loans at once. I do the research and talk you through my recommendations.

I do all the work for you

Many home buyers spend hours on the phone with the banks for an update on their loan. As your local Mortgage Broker in Richmond & Prahran, I manage the loan process from start to finish, partnering with you to get you the best outcome.

My home loan service is free

As a Mortgage Broker in Australia, my home loan service is free! Instead, your chosen lender pays me a commission when your home loan settles. It allows me to provide a valuable service to everyday Australians looking for advice, at no cost.

Get in touch with Dean

Let's work together to achieve your next property goal! I can chat by phone or video, or even better - meet with you in person in Richmond, Prahran, St Kilda, Malvern and anywhere across Melbourne.

Call Dean Phelan in Richmond on 03 9568 2055 or fill out the contact form below and we'll be in touch.

Call: 03 9568 2055 Contact Dean

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Reviewing your home loan

"We could not recommend Dean more highly! He recently helped us in the purchase of a home and was incredibly knowledgeable, patient, and professional throughout the entire process. Dean is easy to communicate with, explained everything clearly and was always available to answer any questions." (Connie, Prahran)

Read reviews from my clients

The right home loan for your needs

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~

Client reviews

I have had the luck and pleasure of utilising Dean's services on a number of occasions. I have found him to be professional, knowledgeable and very willing to help as much as he can. Without his help, I simply would not have had the favourable outcomes I've gratefully received.

I highly recommend his services.

Thanks Dean

G
10 November 2024

My partner and I were looking to buy our first property, and we were recommended to Dean. He was extremely supportive, knowledgeable, and answered all our questions. Thanks to him we secured our first loan, and now living in our first home.

Vivien
28 October 2024

Dean was fantastic, very polite and welcoming, helpful and prompt with his replies. The process was as smooth as it gets

Cody
02 October 2024

Dean has helped us immensely with the process of buying a new home in Australia our first home. Despite being unfamiliar with all the processes, he helped us every step of the way and helped us to secure a good, competitive mortgage rate, while explaining all the complexities involved.

Rayna
15 September 2024

We are very grateful for working with Dean to secure the mortgage. It was our first home, so a big endeavour and a completely new territory for us. Dean walked with us through each step of our journey and was very supportive. Thank you Dean

Dmitrii
22 August 2024

Ive used Dean a few times over the years to refinance, re mortgage and purchase.
Always thorough, always prepared, the most helpful support.
I wont use anyone else.
Do yourself a favour and give him a call.

Daniel
26 July 2024

Dean is really easy to work with and immediately understood my lending requirements. He quickly came up with several lending options, all of which were more favourable than my current situation. I highly recommend talking to Dean if you are looking to refinance or review your lending requirements, and want timely and cost effective options to consider.

Wayne
24 June 2024

Dean came highly recommended to us, and it was easy to see why. Dean was fabulous. He is very knowledgeable and a great communicator and will go the extra mile. We highly recommend Dean

Richard
06 June 2024

Dean was wonderful He was extremely helpful and explained everything in laymans terms to us when helping us with our first mortgage. His communication was excellent and he worked very efficiently, helping us to secure our first loan with ease - we couldnt recommend him more We will certainly go back to Dean when we next need a broker and are recommending him to all family and friends. Thanks again, Dean

Emma
30 May 2024

We have worked with Dean a couple of times to evaluate refinancing options for our home. Dean is highly diligent and knowledgeable. He is certainly one of the best mortgage brokers I have ever worked with. I would recommend him very highly, and it is likely we will come back to him again.

Andy
13 May 2024

Property Ownership

This guide outlines the essential steps to achieving property ownership, starting from the first appointment with a mortgage broker all the way to settlement.

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You could borrow up to

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The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

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There's a lot to consider when choosing the right loan.

The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

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Extra Information

Home Buyer Concession Scheme

From 1 July 2019, the FHOG ACT has been replaced with exemptions on stamp duty. The stamp duty exemption is applicable to all properties in ACT, including vacant residential land and both new and established homes at any price. As this is still to aid first home buyers, to be eligible at least one buyer must live in the home for at least 12 months, starting within 12 months of settlement or completion of construction.

To be eligible, first homeowners in the ACT must have a household income below $160,000. This number increases up to $176,650 depending on the number of children you may have.

Click here for more information on the ACT First home Owner Grant.

Stamp duty concessions in NSW

From 1 August 2020, the NSW government has announced that stamp duty will not be applicable to first home buyers for properties valued up to $800,000 and vacant land valued up to $400,000. This stamp duty exemption will be in place for 12 months to 31 July 2021, in which the stamp duty exemptions will revert back to $650,000 for homes and $350,000 for land.

Additionally, a concessional rate of duty will apply to homes valued more than $800,000 but less than $1,000,000 and vacant blocks of land valued more than $400,000 and less than $500,000

How much is the First Home Owners Grant NSW?

The FHOG in NSW is worth $10,000 however conditions apply. To be eligible, your first home must have a total value below $600,000, and be either newly constructed or ‘substantially renovated’. A home is substantially renovated when most or all of the original house was removed or replaced, and it’s the first time the place has been sold, and lived in, after the renovations were completed.

If you plan to build a new home from scratch, you can still be eligible for the FHOG in NSW as long as your land plus the home you build have a combined value of less than $750,000.

Click here for more information on the NSW First Home Owner Grant.

How much is the First Home Owners Grant in the NT?

The First Home Owner Grant in NT is $10,000. Your income and the price of your home don’t affect the FHOG NT, and the grant is available if you buy or build a new house, apartment, duplex or townhouse.

As of 30 June 2021, there are currently no stamp duty concessions for first home buyers in NT.

Previously the Territory’s First Home Owner Discount was in place from 8 February 2019 to 30 June 2021. It let you save up to a maximum of $18,601 on the cost of stamp duty. The savings were available whether you purchased a new or established home as long as the home was valued under $650,000.

Click here for more information on the NT First home Owner Grant.

How much is the First Home Owners Grant QLD?

As a first home buyer in Queensland you could be entitled to the $30,000 First Home Owner Grant. To be eligible, you need to buy a brand new home or build a home from scratch with the total value (including the land) below $750,000. You may also be eligible if you buy off the plan or an established home that’s been substantially renovated.

As a guide, substantial renovations include replacing or altering foundations or replacing or altering floors. Cosmetic work such as painting the walls or sanding floors doesn’t add up to a substantial renovation when it comes to the FHOG in QLD.

Stamp duty concessions

If you’re buying vacant land to build your first home, you pay zero stamp duty as long as you pay $250,000 or less for your block. Concessions are available for vacant land valued above $250,000 and up to $400,000. Whereas if your first home is valued up to $500,000, you pay zero stamp duty. That’s a saving of $7,175 which is the maximum stamp duty rebate available to first home buyers in QLD.

Additionally, savings on stamp duty may still be available if you pay between $500,000 and $550,000 for your first home. As a guide, if your first home is worth $530,000, you pay stamp duty of $6,300 a saving of $3,500. These savings cut out altogether if your first home costs $550,000 or more.

Click here for more information on the QLD First home Owner Grant.

How much is the First Home Owners Grant SA?

There are currently no specific stamp duty concessions available for first home buyers in SA.

The $15,000 FHOG in South Australia is only available to first home owners who buy a new home. You can choose from a house, apartment, townhouse or villa.

You will only be able to claim the FHOG SA if you pay below the following amounts for your home:

Before 14 June 2023: $575,000
After 15 June 2023: $650,000

You can also claim the First Home Owner Grant in South Australia when you buy a block of vacant land to build your first home on. However, the end value of your building plus land must be no more than $575,000.

Click here for more information on the SA First home Owner Grant.

Stamp duty concessions in TAS

If you buy an established home, you are not eligible for the FHOG in Tasmania but you may be able to claim savings on stamp duty. If you’re home is valued at

$400,000 or less, you will receive a 50% discount on the property transfer duty (stamp duty).

How much is the First Home Owners Grant TAS?

The FHOG Tasmania is worth $30,000 until 30 June 2022 but only when you buy or build a new home. Off the plan purchases are also eligible. In Tasmania, there is no limit on the purchase price of the property, and the FHOG is not means tested.

Click here for more information on the TAS First home Owner Grant.

Stamp duty concessions in VIC

First home owners in Victoria don’t pay stamp duty at all on their first home as long as the property is valued below $600,000. You may still be eligible for savings on stamp duty if you pay between $600,000 and $750,000 for your first home. The stamp duty concessions available in Victoria apply to both established and new homes.

How much is the First Home Owners Grant VIC?

The FHOG Victoria is only available if you buy a newly built home or if you choose to build a home from scratch. The FHOG is worth $10,000 if you build/buy in Victoria.

Your first home can be a house, townhouse, apartment, or unit but it must be valued at $750,000 or less, and it must be a new home – being sold as a home for the first time, and less than five years old.

Click here for more information on the VIC First home Owner Grant.

Stamp duty concessions in WA

If you buy vacant land to build your first home, you’re exempt from paying stamp duty as long as you don’t pay more than $300,000. If you pay between $300,000 and $400,000 you will be entitled to a reduced rate of duty.

From 09 May 2024, if you buy a home costing up to $450,000, no stamp duty is payable at all. If the value of your home is between $450,000 and $600,000, you’ll be entitled to a reduced rate of stamp duty.

There are no additional concessions for homes valued above $600,000 and land valued above $400,000.

How much is the First Home Owners Grant WA?

The FHOG WA is worth $10,000 when you buy or build a brand new home. There are limits on what you can pay for your first home to be eligible for the FHOG in Western Australia.

If you’re located south of the 26th parallel, which basically covers all the Perth metropolitan area, you can claim the FHOG WA if your new home is worth up to $750,000 – this includes the value of the land plus buildings.

If you buy or build a home north of the 26th parallel, the property must be valued up to or below $1 million to be eligible for the FHOG WA.

The First Home Owner Grant in Western Australia is no longer available if you buy an established home however you may be able to claim stamp duty savings.

Click here for more information on the WA First home Owner Grant.