Your Trusted Partner in Finance: Helping Clients Australia Wide from Richmond, Victoria.

Call: 0438 007 068

Meet James, your go-to for all things property finance. With over a decade of experience in the property industry, James enjoys sharing his knowledge and helping clients achieve their financial goals or move into their dream homes. As a broker, he finds it truly rewarding.

Purchasing and investing in property can be stressful, but we're here to make your life easier. We provide constant communication, expert advice and the best options for your scenario - at no cost to you. If you'd like to learn more, please read on or contact James below.

Call Us Mortgage Choice Richmond
Office - 0438 007 068

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

Why should I use a mortgage broker?

This one's easy! Instead of approaching a few banks directly and trying to figure out whether their products are competitive and suitable for your unique needs, we do all of that for you! When you use a mortgage broker, first we'll get to know you, your goals, objectives and circumstances. We'll then get to work, researching and comparing loan products from over 35+ lenders before recommending the one that's best for you.

Once you've decided to go ahead with a loan product we've recommended, we will take care of all the necessary paperwork to get your loan lodged, approved and settled. But it doesn't end there; we'll keep in touch with you to ensure that your loan continues to serve your best interests. The best part? Our service is completely free for you!

Introducing Mortgage Choice

For over 30 years, Mortgage Choice has helped Australians finance their homes, investment properties, cars and businesses by delivering a range of choices presented by trusted experts. Our network consists of more than 1,000 brokers around Australia with access to thousands of loan products from over 40 lenders. With Mortgage Choice, the adage "there's strength in numbers" rings true; our clients benefit from collective knowledge, leading technology and preferred relationships with lenders.

Since 2021, Mortgage Choice has been owned by REA Group, the leading digital property business behind www.realestate.com.au. In 2023, Mortgage Choice was awarded Australia's top brokerage in The Adviser magazine's Top 25 Brokerages ranking.

The Mortgage Choice Charity Foundation (MCCF) supports people in need. Through combined voluntary contributions from the network, the Foundation delivers real impact to registered Australian charities focused on people, their needs, housing and financial literacy. The Foundation's committees are run and managed by the network (owners, mortgage brokers and administration staff) and backed by REA Group.

Our services

Introducing your mortgage broker

James Waters is your trusted mortgage broker in Richmond VIC helping clients with their finance Australia Wide. James is passionate about helping you achieve your property dreams. He understands the complexities of the financial sector and is dedicated to simplifying things for his clients to understand.

With years of experience in the real estate and finance industry, James takes great pride in talking customers through the process, providing assurance whilst navigating even the trickiest of circumstances. He is committed to building genuine relationships with his clients for life and finds it rewarding to be part of one of life's biggest decisions.

How does it work?

The process to get a mortgage generally consists of 8 key steps:

1. Enquire: Contact us or book an appointment to help us understand your situation, following which we'll gather your details through our secure online portal, MyHub. You'll also receive a copy of our Customer Charter and Credit Guide.
2. Assessment: Based on the information provided, your dedicated mortgage broker will research and present a formal loan recommendation based on your unique requirements and objectives.
3. Application: Once you've signed off on a loan product, we will lodge the application with your selected lender.
4. Conditional Approval: In response to your application, the lender's credit assessment team will review and provide approval up to a certain amount subject to meeting certain criteria.
5. Formal Approval: Your loan will then be formally approved and your mortgage broker will liaise with your solicitor/conveyancer and the lender to start preparing for settlement.
6. Contract: At this point the lender will issue a formal loan contract which will require you to review, sign and return to your broker.
7. Settlement: On settlement, the solcitors/conveyancers involved and lender will meet electronically to exchange important documents, which is when the ownership will be officially transferred to you. Woohoo!
8. Ongoing Reviews: Our service doesn't end at settlement, we'll conduct annual reviews of your loan to make sure it's always suitable and competitive - at no additional cost to you.

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. ~

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Calculate

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.

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Monthly income

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You may borrow up to

Value of property

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Over

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

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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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First Home Buyer?

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Total fees:

Breakdown	Amount
Stamp duty on property
Transfer fee
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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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Your Trusted Partner in Finance: Helping Clients Australia Wide from Richmond, Victoria.

Why should I use a mortgage broker?

Introducing Mortgage Choice

Our services

Introducing your mortgage broker

How does it work?

The right home loan for your needs

Help me calculate

How much can I borrow

Home loan repayment calculator

Stamp duty calculator

2nd Applicant

Extra Information

Home Buyer Concession Scheme

Stamp duty concessions in NSW

How much is the First Home Owners Grant NSW?

How much is the First Home Owners Grant in the NT?

How much is the First Home Owners Grant QLD?

Stamp duty concessions

How much is the First Home Owners Grant SA?

Stamp duty concessions in TAS

How much is the First Home Owners Grant TAS?

Stamp duty concessions in VIC

How much is the First Home Owners Grant VIC?

Stamp duty concessions in WA

How much is the First Home Owners Grant WA?

State / Territorial Revenue Web Sites

Latest news & tips

RBA keeps the official cash rate on hold in…

Contact us

Your Trusted Partner in Finance: Helping Clients Australia Wide from Richmond, Victoria.

Richmond

Why should I use a mortgage broker?

Introducing Mortgage Choice

Our services

Book an Appointment

Introducing your mortgage broker

How does it work?

The right home loan for your needs

Help me calculate

2nd Applicant

Extra Information

Home Buyer Concession Scheme

Stamp duty concessions in NSW

How much is the First Home Owners Grant NSW?

How much is the First Home Owners Grant in the NT?

How much is the First Home Owners Grant QLD?

Stamp duty concessions

How much is the First Home Owners Grant SA?

Stamp duty concessions in TAS

How much is the First Home Owners Grant TAS?

Stamp duty concessions in VIC

How much is the First Home Owners Grant VIC?

Stamp duty concessions in WA

How much is the First Home Owners Grant WA?

State / Territorial Revenue Web Sites

Latest news & tips

RBA keeps the official cash rate on hold in…

Contact us