Your Local Mortgage Broker and Home Loan Expert in Oakleigh, Carnegie, Chadstone, Clayton & surrounds

Call: 03 9568 2055

As your local Mortgage Broker in Oakleigh and Chadstone, my goal is to help you find a competitive home loan that fits with your finances. That starts with giving you access to home loans from over 35 lenders, and recommending the ones that will suit you best. Our home loan service is free and focused on making the process as easy as possible for you.

Call Us Mortgage Choice Richmond
Office - 03 9568 2055

Open Hours Mortgage Choice Richmond
Monday - Friday: 9:00am - 5:00pm
After hours by appointment
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Your partner throughout the home loan process

There's lots to consider when choosing a home loan, and I'm passionate about helping my clients make the right choice - especially on such a big purchase.

As your local Mortgage Broker in Oakleigh and Chadstone, I partner with you - on your first home, next home, new business or investment - to support you and help you make a great choice on the finance side of things.

Access to thousands of home loans

Having access to a wide range of loan options is key to finding one that suits you. Your everyday bank can only offer products from that particular bank. In contrast, I am accredited with over 35 quality lenders, giving me access to thousands of home loans at once. I do the research and talk you through my recommendations.

I do all the work for you

Many home buyers spend hours on the phone with the banks for an update on their loan. As your local Mortgage Broker in Oakleigh and Chadstone, I manage the loan process from start to finish, partnering with you to get you the best outcome.

My home loan service is free

As a Mortgage Broker in Australia, my home loan service is free! Instead, your chosen lender pays me a commission when your home loan settles. It allows me to provide a valuable service to everyday Australians looking for advice, at no cost.

Get in touch with Dean

As your local Mortgage Broker in Oakleigh and Chadstone, I'm passionate about my clients finding a competitive home loan for their next property. As part of my free Home Loan service, I partner with you to get you the best outcome.

Visit us at our Oakleigh office at 162 Drummond Street, Oakleigh or I can meet you at a place that suits you best. I can meet you in Oakleigh, Chadstone, Carnegie, Ashburton, Clayton, Murrumbeena, Mount Waverley and across Melbourne.

Call Dean Phelan in Oakleigh on 03 9568 2055 or click below to request a call back.

Call: 03 9568 2055 Request a call

Reviewing your home loan

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"We could not recommend Dean more highly! He recently helped us in the purchase of a home and was incredibly knowledgeable, patient, and professional throughout the entire process. Dean is easy to communicate with, explained everything clearly and was always available to answer any questions." (Connie, Oakleigh)

"Dean is super helpful and professional! I cannot recommend Dean highly enough. He was very transparent and honest in the entire process. Dean has excellent knowledge and very patiently answered a lot of silly questions from me." (Celine, Chadstone)

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

Dean has managed all of our home loans and refinancing over the years and has always been a lifesaver. He knows the ins and outs of all the options, explains things clearly, and is always willing to answer questions or look into another option for us. Can't recommend him highly enough.

27 March 2024

I have been working with dean for years and I recently engaged to assist with solutions post coming out of a great fixed rate. As usual, dean exceeded my expectations with a solution that fitted My situation. He was prompt, friendly and very helpful. Great job dean and look forward till next time.

Julian
26 March 2024

Thanks so much to Dean for working with us to understand our situation and work in the background to find the best offer ultimately saving us money Highly recommend Deans services

Belinda
04 March 2024

Working with Dean was honestly one of the best experiences you will ever have, Dean helped my wife and I navigate our way through puslrchasing our first home making every step of the way as easy as it could possibly be.
I cannot recommend him enough to anybody weather you are new or old to the market

Alex
21 January 2024

Dean has assisted on a number of loans for ourselves. He is always responsive and has provided a professional service. He has provided options and solutions to meet our requirements on several occasions.

Matthew
06 January 2024

Dean was a pleasure to work with when purchasing my first home. He explained my options clearly and helped me calculate a reasonable budget for auctions. Dean was always very responsive as well as proactive, and generally a great human being to interact with. I would definitely recommend him and use him again.

05 January 2024

Dean helped us with the purchase of our first home. Dean was absolute fantastic to work with right from when we first approached him for a pre-approval all the way through to the settlement. He clearly explains the whole process and was always contactable for any questions we had. I could not recommend Dean's services highly enough

Ben
21 November 2023

Dean has been our mortgage broker for many many years and he has been fantastic. He has worked hard to get us pre approvals on home loans and advised us on which loan packages will benefit us on multiple home purchases. He is always friendly and quick to respond to any enquiries and I would highly recommend him and the team at Mortgage Choice Oakleigh.

abi
20 November 2023

I highly recommend Mortgage Choice in Oakleigh to anyone buying a home. We have been customers of Deans for 15 years and he has assisted us with the buying and selling of a number of properties. Nothing is too hard for Dean, who is responsive and a pleasure to work with.

Jamie
19 November 2023

We've been using Dean to sort out our mortgage and other investment loans for over a decade now. We keep going back as we've always found he can find us the best products for our needs at the time, with his relationships with the banks getting us rates we generally don't have access to. He makes the process streamlined and painless as far as you can say that about organising loans, and presents the options so we can make the right choice for us.

Rhys
09 November 2023

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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Calculate

You could borrow up to

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/ month
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Based on standard variable rate over years.

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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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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.

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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.

Click here for more information on the WA First home Owner Grant.