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 350+, 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

Our Head Broker Marvin is taking a short holiday. He remains in contact with the office during this period.

Broker Harry can answer all of your queries during this time.

Our capable team is fully equipped to manage everything in Marvin's absence.

Please call the office on the number below to discuss your lending needs.

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.

While we're all hoping Australian interest rates have peaked in mid 2024, analysts aren't expecting any reductions til early 2025.

Property owners are always 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. While we're waiting in hope there might be a rate drop next year, don't hold your breath - it's worth checking that your mortgage is on its best rate and terms today.

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 25 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

Great advice, seamless process, proactive service and very responsive,

Stephen
16 September 2024

Marvin and his team looked after me 4 years ago for my first purchase and were fantastic every step of the way, so it was a no-brainer to use Mortgage Choice in Oakleigh again for my next home purchase.

This time around, Harry Murphy has been our Broker. Harry has been outstanding throughout out the whole process of securing the loan to the purchase of the property. He is incredibly knowledgeable... read more

Nicola
15 September 2024

Marvin and Steph are amazing, thorough and clear in explaining the pros and cons of the different options. Steph was extremely helpful and managed to help us through a last-minute curve ball which she navigated very calmly, and this gave us great comfort. I can't speak highly enough of this team. Highly Recommend.

Sarah
22 August 2024

Our family have worked wit Marvin and Steph and Team for over a decade now... Wilth the recent purchase of our new home Mortgage Choice Oakleigh yet again have been so fantastic through the process of financing. They go a step beyond always to ensure their customers have as much information as possible to make the right decision. Thanks team

Robert
13 August 2024

Marvin Stephanie were able to secure our loan. We are very appreciative of their efforts and their expertise. We are grateful for their ongoing support and highly recommend them.

A
06 August 2024

We couldnt recommend Harry more highly after helping us secure our family home. Harry was able to answer all our questions, spent the time to go through everything thoroughly and made us feel confident in our choices. We look forward to working with Harry and his team throughout the life of our loan to help us pay off our mortgage as quick as possible.

Ashleigh
05 August 2024

We used Marvin and Mortgage Choice for our recent house purchase. He and the team were absolutely brilliant, professional, and responsive to any questions or issues we had. Couldn't recommend them more highly Great service and very trustworthy. Thanks again, guys

Mark
02 August 2024

Marvin and Stephanie really cared and were invested in helping me find the right mortgage to suit my particular circumstances. They made the process smooth and easy, they listened to understand, kept me informed every step of the way and guided me in everything that I needed to do. They were very professional and trustworthy. I highly recommend Mortgage Choice Oakleigh. Thank you.

Danielle
30 July 2024

Marvin and his team are exceptionally professional, supportive, and responsive. They made our refinancing process effortless by finding the most suitable lender and walking us through the application process. I highly recommend their services.

Arman
27 July 2024

Great professional service for those wanting a home loan. Marvin and his team are knowledgeable, thorough and organised. Highly recommend

Erin
27 July 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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My credit card limits

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2nd Applicant

2nd applicant monthly income before tax

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2nd applicant monthly rental income before tax

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You could borrow up to

Repayments
/ month
Expenses
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.

Your borrowing estimate

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

Property use

Type of dwelling

Type of property

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.

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.

State / Territorial Revenue Web Sites

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