Mortgage Broker & Home Loan Expert | Yarraville, Williamstown, Kensington, Footscray & surrounds

Call: 0481 317 088

Looking for a home loan? Talk to Garry Megalogenis, your local Mortgage Choice broker in Yarraville, Williamstown, Kensington & Footscray. Let us compare products from over 20 lenders for you.

Call Us Mortgage Choice Richmond
Office - 0481 317 088

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

Latest home loan interest rates

Starting from

p.a.

Comparison rate

p.a.

Disclaimer: Interest rate associated with | minimum loan size: . Further conditions, fees and charges may apply.

Start your home loan journey today

Check out our videos

Mortgage Choice was established in 1992 and during the same period I also started my journey in Banking and Finance. A journey which has lasted over 25 years bringing with it a wealth of experience and contacts within the industry.

I am your Local Mortgage Broker looking after suburbs in Melbourne's Inner West which include Footscray, West Footscray, Kensington, Newport, Yarraville and Williamstown, Spotswood, Flemington, Seddon, Maidstone & surrounds.

Why do people trust Mortgage Choice in Melbourne Inner West?

Choice: We provide you with the benefit of choice with access to over 20 of Australia's leading lenders, including the major banks.
Experience: Expert advice from a mortgage/finance broker who has over 19 years experience in the industry.
Follow up: I will make it easier for you by preparing the paperwork, lodging the application and doing all the follow up for you.

Home loans + so much more:

Home Loans
Investment Loans
First Home owner
Approval in principal/home seeker loans
Off the plan Finance
Bridging Loans
Personal Loans
Development Finance
Commercial Loans
Business Loans - Start ups
Business Loans - Mature business
Self Managed Super Fund Loans
Vehicle and Equipment Leasing
Insurance

Whether you are looking for a Home/Investment loan, Commercial finance, Development finance, talk to me today, with over 19 years of experience in Lending we are sure to find the product to meet your needs.

Call us today on 0481 317 088 or click on the Contact Us Online link at the top of the page

Customer referrals is our business:

Even though we actively advertise our brand our number one source of business is referrals. We offer a high level of service and treat every client as a priority. Over 25 years worth of exposure in the finance industry brings good insight into what is important to financial institutions leading to a more seamless experience for our customers, which ultimately leads to customers telling their friends and family about Mortgage Choice in Melbourne's Inner West.

Garry Megalogenis

PH: 0481 317 088

E: garry.megalogenis@mortgagechoice.com.au

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

Garry was so great to work with. He has helped us with loan options and always take our thoughts and opinions into consideration. He always there to give us suggestions and to answers any questions we may have. Thank you Garry.

Maneerat
17 December 2024

What can I say Just crushed it. Friendly, responsive, dedicated. Knew the avenues to take, gave the options and got it done.

Andrew
30 July 2024

Garry helped me buy my first home and he was amazing at keeping me relaxed and informed. Highly recommend Garry for his services

Danielle
05 November 2023

Garry is an amazing person from the beginning. He answered and explained me all my queries.
Only thing I did is gave him the my documents and details that he asked for. He did the market scanning, research and came back with few great options. Even he negotiated with the bank for me multiple times to get extensions for me. The deal was definitely one of the best offers amongst banks that time.
Ga... read more

Kaustav
15 April 2022

We can't thank Garry enough for helping us with our refinance. Always professional, helpful and knowledgeable, Garry guided us through the whole process, with a wonderful sense of humour - highly needed during COVID restrictions and Melbourne's extended lockdowns. His excellent communication skills and expertise in the finance sector made the application appear seamless. We would highly recommend Garry as a broker. An outstanding broker in every sense

Rochelle
14 October 2021

We can't thank Garry enough for helping us to secure a mortgage for our first home. He guided us through the whole entire process, and was with us every step of the way. Always willing to explain and go over any details we were unsure of, with excellent and very timely communication. Throughout the whole experience, nothing was too much or a hassle for Garry. We feel very grateful that we were ab... read more

Maeve
14 August 2021

Garry was a great support in working through this process and we were very informed right through the loan process, I would highly recommend Garry to anyone seeking financial support and guidance

Andrew
15 July 2021

Garry is very capable and personable as well. He took away most of the hard works for us and delivered the goods

Bernhard
15 July 2021

Garry continued to help us look at refinance options even when it became clear it was not a paying job for him. Great service and very helpful.

Nathan
15 July 2021

FRIENDLY, PROFESSIONAL KNOWLEDGEABLE
Gary helped refinance my home loan during the COVID crisis. Even though the communication was just via phone and emails ,Garry always made sure the application was on track and secured the loan successfully. Great service and highly recommend.

Dilip
15 July 2021

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

Help me calculate

More calculators

I'm looking to borrow for

Just me Two of us

Dependants

Work status - are you self employed?

PAYG Self Employed

My monthly income before tax

Rental income

My monthly rental income before tax

Other income

My monthly other income before tax

My credit card limits

Other repayments

My other monthly repayments

2nd Applicant

2nd applicant monthly income before tax

Rental income

2nd applicant monthly rental income before tax

Other income

2nd applicant monthly other income before tax

2nd applicant credit card limits

2nd applicant other repayments

2nd applicant other monthly repayments

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?

Calculate

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.