Stuart Morrow Mortgage Broker in Bayside & the Mornington Peninsula

Call: 0421 044 819

Stuart’s ultimate aim is to develop successful, ongoing client relationships and help people to achieve their financial goals through well-structured lending solutions. His professional and seamless broking service has seen many clients return to seek his advice again and again as they become investors or upgrade their family home.

He offers a fully mobile service throughout Melbourne.

Call Us Mortgage Choice Mount Eliza
Office - 0421 044 819

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

Address

PO Box 616 MOUNT ELIZA, VIC 3930

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Services

Knowledgeable, personable and with a flair for detail, Stuart will help you navigate the lending process, supporting your decision-making with tailored advice and practical assistance for a positive outcome.

Home loans
Investment loans
Refinance loans
Construction loans
Renovation finance
Equity release
Deposit Bonds
Bridging loans
Car and asset finance
Business equipment finance
Commercial property finance
Business loans

Other areas I service

Stuart understands how to structure lending in the best way to maximise your tax benefits and help you build a strong property portfolio.

Based in Bayside and the Mornington Peninsula I basically offer a mobile mortgage broking service across Melbourne. With my business, there are no boundaries.

What's your borrowing power?

When you're ready to purchase your property, it's important to have a good understanding of how much you can borrow. We know that finding out how much you can borrow for a property can be a bit confusing, which is why we have some great resources at your disposal.

Feel free to check out our easy-to-use home loan calculators here or get in touch with Stuart to discuss your unique situation.

Ready to start your home loan journey with Stuart's help?

Find out for yourself why my customers are so happy. I'll make your next purchase an easy one.

Call Stuart on 0421 044 819 today.

Client reviews

Stuart and his team made the process from stressful, hard and unknown by us so easy. Also, Stuart is a down to earth person that doesn't look his pockets but the interest of the costumers.
Highly recommended

Alberto
24 October 2024

Stuart and the team at Mortgage Choice have been so helpful in walking me through purchasing my first property. Being new to the property market, I had lots of question about the process which Stuart was able to help me to understand. Thanks again Stuart and team.

Joe
17 September 2024

Stuart Morrow has been working with us since we purchased our first property in 2009. Since then we have worked with Stuart to buy sell twice as our careers family grew.
We feel like Stuart is always in our corner has worked hard to help us achieve our dream life in a home and location we love. Thanks for your support Stuart. Highly recommend.

Tracey
14 August 2024

I have found Stuart to be incredibly knowledgeable and helpful whether I am purchasing a property, or refinancing an existing loan, he has always taken the stress out of the entire process. He has saved me thousands of dollars by getting the best loan in the first place, and by continuing to keep in touch to advise if there is better loan product to suit my changing needs.

Jane
20 May 2024

I could not recommend Stuart and his services enough. He is extremely knowledgeable of the property business here in Melbourne, and walked us through each and every step meticulously, as we sold one property and bought another. Furthermore, his communication in this whole process was extremely good, helping us to settle both properties with ease. I highly recommend Stuart and the Mortgage Choice business to anyone looking to buy or sell their property in the Victoria region.

Aju
13 March 2024

Seventeen years ago, Stuart made home financing easy for us and since then several of our friends, and 7since then he and his staff have continuously ensured we receive competitive rates. Recommend highly.

David
19 February 2024

Stuart Allan at Mortgage Choice have been very helpful yet again in securing a great home loan package. Thankyou

matthew
15 February 2024

Finds the best rates in town

Brad
07 February 2024

Fantastic service from Stuart Morrow for our Mortgage Refinance and Construction Loans. The overall process was very streamlined and we were happy with our interest rates for both loans. Stuart was informative and guided us through the process from application to final loan approval. We recommend Stuart highly for his professionalism and expertise.

Damian
04 February 2024

It was a pleasure to work with Stuart Morrow and the team at Mortgage Choice. Stuart takes the time to understand your financial goals, seeks out suitable products for your consideration and then keeps you informed throughout the process.

JP
22 January 2024

Refinancing guide

If you’re thinking about refinancing, this guide can help you learn more about the refinancing process, benefits and options available.

Download now

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You could borrow up to

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Based on standard variable rate over years.

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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.

Stuart Morrow Mortgage Broker in Bayside & the Mornington Peninsula

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