Mortgage Broker - looking for a home loan in Canberra, ACT or surrounds? Speak to your local experts in Canberra.

Call: 0430 282 010

Looking for a home loan? Talk to Erich Gruener, your local Mortgage Choice broker in Canberra, ACT. Let us research and compare more than 30 lenders for you.

Call Us Mortgage Choice Yarralumla
Mobile - 0430 282 010
Office - 02 6247 3350

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

Address

Level 1, Unit 6-8/45 Novar Street YARRALUMLA, ACT 2600

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Start your home loan journey today

We here at Mortgage Choice in Canberra, ACT, can help you with the often confusing process of finding a home loan that suits you or refinancing your current home loan.

We can assist you in arranging a mortgage almost anywhere in Australia, helping you choose a suitable lender and home loan product for your needs.

Our specialist staff take the stress out of the financing process for you, and look after you right through to the settlement of your loan and beyond.

We look after:

First Home Buyers
Investors
Renovators
Refinancers
Construction...

...whether it's your first mortgage or your tenth! We work with a large panel of lenders to offer you a wide range of home loan options.

Our Mortgage Choice office has been looking after clients in and around the ACT for nearly 20 years, and we take pride in offering excellent service as well as having years of experience and skill in the finance industry.

We are only looking for the home loan that suits you best. All this is available for you to take advantage of.

If you are thinking of buying a home or investment property, constructing or renovating or even refinacing, why not give us a call on 02 6247 3350, or click on one of the "Contact Us" links on this page.

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

Erich understood our requirements and suggested the best way to structure our mortgages to suit our needs. He worked highly effectively with the best lender to deliver the outcome. He was always responsive and informative.

RW
16 September 2022

I found Erich to be honest and was able to communicate all aspects of the process which made me feel completely comfortable - would certainly go back :-)

SK
19 August 2022

Erich provided as much information and guidance as needed in a timely manner. I think if the situation were different it would have been a much smoother and quicker process. I felt supported and informed throughout the process.

R Carpenter
08 July 2022

Erich has helped us with a number of loans over many years. We are always impressed with his knowledge, professionalism, can do attitude and helpfulness.

M Marshall (1)
18 March 2022

As always efficiently found the best product for us.

LH (1)
08 February 2022

This is the second time I have used Erich at Mortgage Choice Turner to purchase a property and I continue to be really happy with the service received. Contact was always really prompt and friendly and any questions raised was handled professionally.

Moore
27 January 2022

Erich was as always efficient, professional, friendly, calm and accommodating. Nothing is to hard and he goes out of his way to make sure we are happy and everything gets done properly. Maureen was also a champion!

F Van Der Plaat
21 December 2021

Erich has helped me with 2 home loans now. I find him really responsive, friendly, and understanding. He explains the financial jargon and laid out the options for me. All communication from the team has been highly professional and prompt.

Lauren
17 November 2021

Erich was a professional at all times and always a pleasant experience to deal with him.

IT
16 November 2021

Erich was very thorough and transparent - concise communication.

GN
09 November 2021

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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.

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Mortgage Broker - looking for a home loan in Canberra, ACT or surrounds? Speak to your local experts in Canberra.

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