Victoria's Best Mortgage Broker 2021 Mortgage & Home Loan Expert

Call: 0406 507 840

We're Melbourne's Best Mortgage Broker 2021.

We review more than 35 Lenders, to find the best new or refinanced mortgage or home loan for you.

See what our clients say, in our 300+, 5-star Google reviews.

Call or book a Zoom with us today. Our services are free to you.

Call Us Mortgage Choice Oakleigh
Office - 0406 507 840

Open Hours Mortgage Choice Oakleigh
9am-6pm for Calls & Zooms.
Free Appointment

Address

1/162 Drummond Street OAKLEIGH, VIC 3166

If you can't find a date to suit you, call our office on the number below. We're here to help!!!

We're home loan and mortgage experts, for your own home or investment property. Whether you're buying or refinancing, we can help.

We search across more than 35 lenders, to help you find and secure the best home loan or mortgage for your home or investment property.

Contact us today:

‭Ph 0406 507 840‬

support.oakleigh@mortgagechoice.com.au

or book a Zoom above.

Now that Australian interest rates seem close to their peak in first half 2024, property owners are highly motivated to get the best mortgage or home loan for their needs. Many Australians are seeking refinances for better terms, including an improved interest rate.

Why do the hard work on your own? We're here to help. We're mortgage and home loan experts. We'll review more than 35 Lenders with hundreds of loan offers before showing you a short list of the loans most suited to your needs. You select the loan, we'll create and submit the application and work with the Lender for you, right through to settlement. We then stay in touch through the life of your loan, ensuring it's always meeting your needs.

I'm Marvin Coleman. I've been a Mortgage Broker in Oakleigh for almost 20 years. I am also a Chartered Accountant, having worked in finance for over 30 years.

We're thrilled to have been awarded Victoria's Best Residential Broker 2021 AND Best Broker 2021. http://bit.ly/OakleighBestBroker21

Interested in refinancing because you're worried about high interest rates? We can help find and secure the right home loan or mortgage for you, whatever your needs. In particular, we help you find and secure your new home loan, investment property mortgage or refinance your existing loans. We do all the paperwork and lender chasing.

Our services are free to you (the Lender pays our fee - and it's the same regardless of Lender, so that doesn't influence my recommendation to you.)

From our office in Oakleigh (with a lot of help from Zoom!) we help our clients, who live in Oakleigh, Carnegie, East Malvern and Ashburton.

We also have clients right across Melbourne, also in Sydney, Perth, Brisbane and even mortgage for ex-pat Australians living overseas.

If you are looking for professional and experienced Mortgage Brokers to assist with your mortgages and home loans, we can help you.

If you can't find a date to suit you, call our office on Ph 0406 507 840 . We're here to help!!!.

Simple, Easy, Time-saving and free to you.

How can we help you?

We can help you find and secure almost any type of home loan, investment property loan or mortgage. Our services include

Refinancing and Interest Rate reviews are a popular request - you already have a mortgage but aren't sure if you're on the best terms including interest rate; Book a 15 min Zoom and we'll soon find out.
First Home Buyer guidance - as well as a mortgage, you may want some practical guidance on the buying process, referrals to other professionals (eg a conveyancer) and advice on how to achieve your property goals (eg first home buyer grants, security guarantors)
"Forever Home" buyer guidance - you already have a home but want to move up in size or location, so need to review your mortgage and buying power
Property Investment support - you might need overall mortgage strategy help, considering the equity in your own home to access a mortgage for property investing
Commercial property mortgages, often bought with an SMSF mortgage
an Aussie expat, needing a mortgage for buying property in Australia
other loans, eg car loan

If you'd like to do some homework first, look at my Calculators page to get an idea of what repayments you can afford.

If you're ready to chat through the basic options, Book a Zoom or Call with me, at a time that suits you.

Our typical client

Whilst our typical clients are medium to high income earners with middle management roles, we help first home buyers, second home buyers, refinancers and property investors.

Whoever you are, it's likely you are time poor and need a professional you can trust to give you great advice and to get the job done - with a minimum of effort on your behalf.

While most of our clients live in Melbourne's south eastern suburbs, we have clients living all around Australia, as well as overseas. If you need a mortgage on a property in Australia, we can help.

"I have no hesitation whatsoever recommending Marvin Coleman. He makes things happen." John L, St Kilda

Why choose us?

We're experienced. I've been a Mortgage Broker for over 20 years and a Chartered Accountant for 30 years. I have an excellent, can-do team supporting me.
We get it done. I will find the best mortgage or home loan for you, whatever your needs and circumstances. See my 300+ happy client Google, Facebook and LinkedIn reviews.
We make it very easy for you. My team does all the paperwork, lender chasing and problem solving (and there's a lot of that to do!).
Our service is free to you. The Lender pays our fee; we get the same fee for all Lenders, so there's no financial bias.
You're in good hands. Our business values are Integrity, Energy and Outstanding Service.

So, let's get started.

Call our team on ‭Ph 0406 507 840‬

or email us support.oakleigh@mortgagechoice.com.au

Your local Mortgage Broker

I am based in Oakleigh, in Melbourne's South Eastern suburbs. My office location helps me serve areas such as Oakleigh, Ashburton, Chadstone, East Malvern, Carnegie, Murrumbeena, Burwood and Hughesdale.

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

Marvin, Steph and team were all fantastic in their engagement, advice, support, and organisation to configure a loan structure to meet our needs and establish a competitive mortgage with the lender for my first home purchase with my partner. They liaised seamlessly with our conveyancer to further streamline the process for us.
I engaged Marvin following a personal recommendation, and certainly highl... read more

Adam
19 April 2024

Found the whole process from beginning to end a delight Both Marvin and Stephanie were amazing, always helpful, encouraging and full of great advice. Would not hesitate to recommend highly

Anita
08 April 2024

Harry is knowledgeable, attentive and very professional. He was adaptable to many different situations I threw at him, which ultimately led to my successful purchase of my first property. I would highly recommend him to everyone. Thanks Harry, looking forward to securing more properties and competitive rates in the future -

Jin
03 April 2024

Marvin's team is extremely professional. We interacted with Marvin, Stephanie, and Cherrieline. They reviewed our case and gave us excellent advice and helped us lodge our application. They followed up with the lender regularly and kept us in the loop. I strongly recommend Marvin's services.

Sandip
21 March 2024

We highly recommend Marvin and his team. We have been extremely happy with them at each step of our home loan journey. We had a complex situation with the structure of our loan and a tight timeframe and Marvin managed this beautifully, securing us a great loan with ongoing support and review.

Tess
18 March 2024

I cannot speak more highly of Marvin, Stephanie and their team. I found them to be very thorough in their analysis of financing options, and they spent a lot of time with me to ensure I could make the best decision. On top of that, they were responsive and proactive throughout the process right through to settlement. Very impressive service and their reputation is well deserved. Thank you Marvin and Stephanie

Cheow
10 March 2024

Unbelievably helpful, communication was impeccable and for a first home buyer like myself made the whole process very easy. Was given all the relevant information and even educated on the ins and outs of what gos on throughout. Harry Murphy has been a great help Couldnt recommend highly enough

Thomas
07 March 2024

Just had a fantastic mortgage consultation with Harry Murphy at Mortgage Choice My partner and I went in feeling a bit overwhelmed as first-time buyers, but Harry made the whole process clear and manageable.

His advice, analysis, and insights were incredibly helpful. He wasn't just focused on the mortgage itself, but explained the entire property buying process in Australia. This was gold for us,... read more

Casey
07 March 2024

Mortgage Choice was absolutely fantastic As a first home buyer Harry was brilliant. He was clear, supportive and attentive to all my needs and questions as a first time customer. Big shout out to Harry for all his hard work, he made the whole process so enjoyable Thank you.

29 February 2024

Marvin and team made the whole experience of finding the right home loan so simple and efficient. We had a couple of virtual meetings and provided all the necessary information and Marvin and team did the rest with the banks that he knew would suit our needs. An approval in 48 hours was amazing and we couldnt have wished for a more engaging, informative and friendly process in what is such an important decision. Thanks Marvin Team.

Mark
27 February 2024

Refinancing guide

Considering refinancing? Our guide explains the reasons, costs and steps involved in refinancing your home loan.

Download now

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2nd Applicant

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2nd applicant monthly rental income before tax

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Calculate

You could borrow up to

Repayments
/ month
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Remaining

Based on standard variable rate over years.

Start the pre-approval process

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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Recalculate borrowing power

Monthly income

Expenses

You may borrow up to

Value of property

Borrowing

Over

Interest Rate Use the lowest rate from Mortgage Choice's lender panel Input rate

Repayment options

Extra monthly repayments

Your monthly repayments
Total loan repayments:
Total interest charged:

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.

Value of property

State

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Type of dwelling

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First Home Buyer?

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Total fees:

Breakdown	Amount
Stamp duty on property
Transfer fee
Mortgage registration fee

Need help with your next home purchase?

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.

If you buy a home costing up to $430,000, no stamp duty is payable at all. If the value of your home is between $430,000 and $530,000, you’ll be entitled to a reduced rate of stamp duty. There are no additional concessions for homes valued above $530,000 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.

State / Territorial Revenue Web Sites

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