Mortgage Choice Ralph Drummond servicing Wheelers Hill, Glen Waverley, Mulgrave, Scoresby and surrounds

Call: 0411 724 940

As a trusted adviser, Ralph knows that every client is unique and their finance should be tailored to suit their personal needs. He is exceptional at maintaining ongoing relationships with his clients to ensure as your financial needs change, you can continue to rely on him for advice. Please reach out to have a chat on 0411 724 940.

Call Us Mortgage Choice Scoresby
Office - 0411 724 940

Open Hours Mortgage Choice Scoresby
Monday - Friday: 9:00am - 6:00pm
After hours by appointment
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Servicing Scoresby, Glen Waverley, Wheelers Hill, Mulgrave and surrounds

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Services

From loan structures, to knowing how much you can borrow and choosing a lender, getting the right advice is critical. With 35 years’ experience, Ralph can expertly guide your decision-making and help you secure the finance that’s right for you.

Home loans
Investment loans
Refinance loans
Construction loans
Renovation finance
Equity release
Bridging loans
Personal Loans
Car and asset finance
Business equipment finance
Commercial property finance
Business loans
Insurance (third party referrals)

Want to find out your borrowing capacity?

When you're considering purchasing a property, it's important to have a good understanding of how much you can borrow. Your local Mortgage Choice broker Ralph Drummond can help you determine the right course of action, show you how much you could borrow and will take care of all the details and legword so you don't have to worry!

Check out our Home Loan Calculators or get in touch with Ralph to discuss your options

Other areas I service

Whatever your borrowing needs or financial situation, Ralph’s lending solutions are tailored for long-term performance. As well as home buyers and investors, he has particular experience assisting small businesses with their lending needs.

Ralph offers a fully mobile service throughout Scoresby, Wheelers Hill, Glen Waverley, Pinewood, Syndal, Brandon Park, Notting Hill, Mulgrave, Waverley Gardens and Melbourne Eastern suburbs.

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

As a first home buyer, I had a lot of questions around the housing market and how I could select the best loan for my mortgage and borrow within my means. Ralph was instrumental in making me feel at ease and informed throughout the whole process. Ralph was great with consistent communication and helpful advice as I navigated buying my first home. I am thankful for his expertise and kindness througho... read more

09 July 2024

Ralph is fantastic and has extensive knowledge. He provides you with clear and understandable options that best suit your situation. We used Ralph when we brought our first home 2 years ago. I was nervous so felt that having someone there to be able to ask questions to was fantastic during the process. Ralph always makes everything run smoothly. He really explains all the details throughout. Again,... read more

Renee
17 July 2023

Exceptionally helpful. Goes above and beyond. Always available. In short, a good guy to deal with have on your side.

Damien
04 July 2023

Ralph is always diligent in his action plan so that you end up with an optimal solution and the best loan options for your own situation. Ralph can work with changes in personal, industrial and domestic environments to keep things on track with getting the right outcomes

Andrew
28 April 2023

Brilliant service. No comments required. I'm doing a second loan with Ralph.

Serim
14 February 2023

Very glad & good fortune that we find Ralph. He is very professional and prompt, quick respoinse (even when on public holiday when others don't bother), and very friendly. Also very knowledgeable. Thanks to him that help us to get a home loan easily. He is highly recommended.

Stella
14 February 2023

Very glad fortune that we find Ralph.
He is very profesional and prompt, quick response even when in public holiday when others don't bother, and very friendly. Also very knowledgeable. Thanks to him that help us to gets us a home loan easily.
He is very highly recomended.

chrestella
13 February 2023

Brilliant service.
No comments required.
I'm doing second loan with Ralph again

serim
13 February 2023

Ralph was personable, knowledgeable and easy to deal with. I was extremely happy with the service I received and would recommend him to others. Ralph was a referral from a friend

Alexandra
13 October 2022

Ralph was fantastic throughout the whole process. He was readily contactable, responded rapidly to any concerns, questions and made me feel really comfortable. He answered all my silly questions and guided me to answers when there was something I didn’t understand. 10/10 would recommend.

Merryn
05 October 2022

Guarantor guide

If you are thinking of using a guarantor or becoming one yourself, it's crucial to do your research. This guide walks you through the important considerations to think through.

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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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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.

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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.