Mortgage broker, lending strategy and structure experts in Essendon, Moonee Ponds, Maribyrnong & Moonee Valley

Call: 0412 973 386

⭐⭐⭐⭐⭐ Google My Business review "Michael is by far the best broker I've ever worked with. He is accessible, responsive and knows how to talk in plain English. My mortgage needs were complex and challenging but nothing was every too much trouble. Can't recommend Michael more highly!" Thomas Brosz, Construction

Call Us Mortgage Choice Keilor East
Office - 0412 973 386

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Essendon, Maribyrnong, Moonee Ponds and the Moonee Valley area

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Right solution for your needs

Whether you are looking to buy your first home or investment property, build your investment portfolio, upgrade your current home or refinance an existing loan we'll search through hundreds of options to find the right solution for you.

⭐⭐⭐⭐⭐ Google My Business Review:

"Michael Bloomfield is truly fantastic. The ultimate professional, who was able to get through some obstacles and guarantee our mortgage.
Very knowledgeable, and easy to communicate with.
We give Michael 5 stars. Thank you."

Domenic - first home buyer

Click for more five star reviews

Easy and convenient

We want to make this as easy as possible. Whether you prefer to meet at our office or your home, have initial discussions online or over the phone, we tailor our service to you. We will manage the whole process and be your advocate with the lenders.

Range of products and services

We have a fully qualified financial adviser in our business who can provide tailored advice across all areas of your financial wellbeing.

As well as all your home and investment loan needs we can help with personal loans, car and business equipment finance commercial & SMSF lending, insurance, depreciation schedules and links to property investment specialists.

Essendon, Moonee Ponds, Maribyrnong and Moonee Valley area

We work across the Moonee Valley area:

Aberfeldie
Airport West
Ascot Vale
Avondale Heights
Mortgage broker Essendon, Essendon North & Essendon West
Gladstone Park
Gowanbrae
Keilor East
Keilor Park
Mortgage broker Maribyrnong
Mortgage broker Moonee Ponds
Niddrie
Strathmore & Strathmore Heights
Travancore
Tullamarine

Our promise to you

No charge at all for using our service.

We will keep in touch and conduct regular reviews to make sure you have the best deal.

Above all our focus is making the process easy and convenient.

Contact us today for a report summarising your borrowing power and options tailored to your needs.

⭐⭐⭐⭐⭐ Google My Business Review:

"Thank you so much Michael for all your wonderful work in getting me a fabulous deal on my home loan and for making the whole home loan refinance experience so smooth and pain free. I have no hesitation in recommending your services to my friends, family and colleagues. Here's to getting back to having a worry free sleep thanks to your fantastic work."

Myra - refinancer

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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

Being first home buyers, it was essential that we engaged a mortgage broker that was willing to break down the lending process for us. He was generous with his time and ensured that our loan choices matched our preferences and specific circumstances. Would recommend to other first home buyers.

James
17 January 2024

Michael helped us refinance our loan to get our first investment property. He guided us through the never ending paperwork from the bank, which we definitely wouldn't have got through without his help. Gave us a good breakdown of our options at the beginning and was there for us through the whole long process. Thanks

Den
20 November 2023

Safe and reliable. I've been going to Michael for multiple years, he's always extremely helpful and breaks the information down.
Wouldn't consider going to anyone else

14 November 2023

Cannot recommend Michael enough, he makes the whole process easy and is always on top of things.

Nick
13 November 2023

This is the second time I have used Michael and he has been absolutely fantastic. He spends the time to explain things and is always very accommodating to our schedules. Really enjoy working with him and I highly recommend him to others.

George
13 November 2023

I have dealt with Harry and Angus for over 3 years now and I highly recommend them. They are ethical, fast and communication is of the highest professionalism.

J
29 May 2023

Michael helped us achieve our goal of purchasing our first home.
He went above and beyond explaining in detail the differences between products and gave us every assurance that we needed.
Truly a fantastic experience.

Ashley
05 May 2023

We have been working with Michael for almost 2 years to finance our first home, after putting a deposit on a block of land.
The land took over a year longer than planned to title and Michael remained so patient with the situation throughout the process, even as our personal circumstances changed
He explained the ins and outs and was always very generous with his time.
We have finally settled on our land and about to start construction and we can't thank Michael enough for all his assistance.

Kate
20 November 2022

Michael has been an absolute pleasure to work with Cannot recommend Michael enough. Michael has helped us with more than one home loan. He made the process easy to understand, kept us updated along the way and was more than happy to answer questions anytime. Thank you Michael, we are grateful for your advice and for making the often stressful process easy to navigate for us.

Nitin
17 November 2022

Thanks again for the great service, Michael. Highly reccomended

Francesco
12 October 2022

First home buyer's guide

Purchasing your first property can be an overwhelming process and there may be steps you are unsure or unaware aware of. This guide will walk you through all of the steps involved in the buying process.

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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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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.

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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.

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.

Mortgage broker, lending strategy and structure experts in Essendon, Moonee Ponds, Maribyrnong & Moonee Valley

Keilor East