Mortgage Broker Chadstone & Oakleigh | Dean Phelan

Mortgage brokers & Home loan experts in Oakleigh, Carnegie & Chadstone

Call: 03 9568 2055

The goal of our team at Mortgage Choice in Oakleigh is to give you access to thousands of home loans from over 25 lenders, and help you find the right one. Our free home loan service is focused on making the process as easy as possible for you.

Call Us Mortgage Choice Oakleigh
Office - 03 9568 2055

Open Hours Mortgage Choice Oakleigh
9am - 5pm and after hours by appointment
Free Appointment

Address

1/162 Drummond Street OAKLEIGH, VIC 3166

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Access to thousands of home loans - all in one place

When it comes to your home loan, having access to a wide range of loans is key to finding one with a great interest rate & features, to suit your next purchase.

Our Mortgage Broker Oakleigh team have access to thousands of home loans from over 25 great quality lenders. We'll do all the research for you, to find you the right one. Our free home loan service is focused on making the process as easy as possible for you.

We offer a range of financial services to ensure that you not only have the right loan, but that you are financially ready for all of life’s big moments such as buying your first home, having kids, upgrading your home and even saving for retirement.

We do the research to find you the right loan

Many home or car buyers, and even investment property buyers, can be stressed during the process of finding a loan. And who could blame them? It can often be a difficult process, and with so many loan products on the market, it is hard to know which one is right for you!

Our Mortgage Broker Oakleigh & Carnegie team will figure out what you want from your home loan and then go through thousands of loans from our panel of over 25 lenders, including all the big banks, to find you the right one!

Let us help you make the right choice with your home loan, potentially saving you thousands of dollars in the long run.

We do all the work for you

Many home buyers spend hours on the phone with the banks for an update on their loan. Our Mortgage Broker Oakleigh & Carnegie team will do all the follow-up with your chosen lender and prepare all the paperwork so you don’t have to.

Our free Home Loan service will save you hours on the phone with your bank, leaving you to concentrate on finding your dream home.

We do it all at no cost to you

Our home loan service is at no charge to you as the lenders pays us after the loan settles. However, unlike many other brokers, Mortgage Choice brokers are paid the same rate of commission regardless of the lender you choose from our wide panel. This makes sure that we are focused on finding the loan that is right for you.

Chat with us about your next loan

Our Mortgage Broker Oakleigh team would love to support you with your next property, car or business purchase. Our free Home Loan service means we do all the research for you, and make the process as easy as possible.

We are a mobile mortgage broking team and can come to you! Or you can visit our Oakleigh office at 162 Drummond Street, Oakleigh.

Call Dean and the Mortgage Broker Oakleigh team on 9568 2055 or click on the Speak to Us button.

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"Dean found us a great product and has gone out of his way with continued assistance. His customer service is outstanding! It was obvious that Dean is genuinely concerned about his clients." (R.Turnbull, Malvern East)

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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. ~

We will be requiring loan advice again shortly and will definitely be contacting Dean directly. We are very pleased with your quick turnaround of email queries and friendly demeanour.
S.Brown, Oakleigh, VIC
- First Home Buyer

Dean, you made a complicated and daunting decision simple! Your efficiency was also appreciated. Thanks.
K.Williams, Malvern, VIC
- Refinancer

With my first home loan I went it alone, trying to sort the wheat from the chaff with mixed success. For my two further home loans, I sought the advice of Mortgage Choice.

Dean gave great advice on the vast range of loans available and helped me negotiate the minefield of a bridging loan. I've always felt confident with Dean's knowledge of current loans and support in what can be a trying and mystifying process.
K.Wakefield, Cheltenham, VIC
- Property Investor

Dear Dean, we would like to take this opportunity to thank you for all your help with finding a home loan that we were satisfied with.

Your friendly and professional manner really put us at ease so we felt that we could trust you to find us the right home loan. Thank you again.
P.Carter, Huntingdale, VIC
- Property Investor

Dean is a patient and friendly person who listened to our needs and provided options that suited us.

He provided great follow-up service that enabled us to make a very smooth transition from our old loan into our new one. I would highly recommend Dean for providing a quality professional service.
P.Moore, Oakleigh East, VIC
- Refinancer

We would happily recommend Dean to any prospective home buyers. Initially he found us a great product and has gone out of his way with continued assistance. His customer service is outstanding! It was obvious that Dean is genuinely concerned about his clients.
R.Turnbull, Malvern East, VIC
- Property Investor

We couldn't be happier with the position we are in and it's all thanks to Dean Phelan, our mortgage broker. When speaking with friends about mortgages or interest rates, we always recommend they give Dean a call.
D.Gorman, Oakleigh, VIC
- First Home Buyer

You have provided an excellent service to us on two occasions when we have needed to obtain a mortgage. I appreciate the newsletters and updates, also to remind us to think about the options available.
F.Johnstone, Chadstone, VIC
- Property Investor

Dean was very clear in his advice, very efficient and very helpful in determining the best option to suit our needs. I was glad I took the recommendation of a family member to contact Dean and would happily recommend him and Mortgage Choice to others.
E.Pritchard, Malvern , VIC
- Property Investor

Step-by-step guide to home ownership

There are many steps involved in purchasing a property which can vary between residential and investment properties. This guide explains each step in order as well as what is involved at every stage of the purchasing process.

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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 $176,000 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.

The Territory’s First Home Owner Discount has been in place since 8 February 2019. It lets you save up to a maximum of $18,601 on the cost of stamp duty. The savings is available whether you buy a new or established home as long as the home is 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 $15,000 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 $400,000 or less for your block. Whereas if your first home is valued up to $500,000, you pay zero stamp duty. That’s a saving of $8,750, 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 $505,000, you pay stamp duty of $1,050, a saving of $7,875. These savings cut out altogether if your first home costs $550,000 or more. On a property valued at $550,000, for example, the stamp duty would work out to be $10,600.

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 or build a brand new home. You can choose from a house, apartment, townhouse or villa, but you will only be able to claim the FHOG SA if you pay below $575,000 for your home.

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 $20,000 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 Melbourne. Or you can receive a FHOG of $20,000 if you buy/build a new home in regional 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.