Mortgage Choice brokers compare hundreds of home loans to find you the home loan that best suits your needs. Find a local mortgage broker now for expert advice at no cost to you.
Find a mortgage broker in Melbourne
Are you looking for a Mortgage Broker in Melbourne? Mortgage Choice has expert mortgage brokers located right across Melbourne & surrounding areas. We offer you the choice of hundreds of great home loan deals from over 20 lenders, with appointments at the time and place that suits you.
Your local Mortgage Choice expert
Find me a...
Rates on hold – a great way to kick off 2019!
2018 has been an extraordinary year in Melbourne’s property market. This time last year the median home value was $710,420. Right now, that figure is $665,044.
The 4.7% fall in Melbourne’s home values is giving buyers exceptional bang for their buck. But the rate of price falls appears to be slowing. Prices dropped 0.7% in October compared to 0.9% in September.
Moreover, CoreLogic notes that the triggers for more substantial price falls remain absent from the market.
The bottom line is that the bargains may not last long.
The city-wide median for Melbourne doesn’t tell the full story.
The top end of the market is bearing the brunt of price falls, with home prices having dipped almost 9% in the last 12 months. At the same time, the more affordable segment of Melbourne’s market has seen a 2.9% rise in value as first home buyers surge to take advantage of quieter market conditions.
According to CoreLogic, demand in regional Victoria remains strong and continues to ripple outwards from Melbourne to more affordable locations. The market is especially buoyant in Geelong, where property values have soared 10.9% in the past year. It’s a similar story in the LaTrobe and Ballarat areas where values are up by 9.2% and 9.0% respectively.
Melbourne recorded its highest ever net annual population increase of 125,000 in the past year. There are now 4.9 million Melbournians, with the city’s growth rate currently sitting at 2.7%. In fact, Australia’s fastest-growing suburb is Cranbourne East, with annual population growth of 27% in 2017.
Melbourne's population is now just 200,000 below that of Sydney's, and ongoing population growth will continue to support rising property values over the long term.
Buying today while prices are down could be a very sensible strategy.
Why choose Mortgage Choice?
We have local experts available to help you with all things finance related. They'll make complicated easy and provide you with the information and advice you need to make the right decisions with your money.
We can assist you with your personal finances including your home loan, car loan and insurances and our financial advisers can help you plan to achieve your financial goals now and in the future. We can also help you organise finance to start or grow your business and fund your assets.
Contact one of our local experts today to see how we can help you.
Find an Expert
We know how important it is for you to be able to trust the advice you are receiving from our experts.
Our home loan service comes at no cost to you because we get paid a commission by the lender when you settle a home loan. We then pay your broker but we do it differently from other mortgage brokers. Your Mortgage Choice broker gets paid the same rate of commission no matter which home loan you choose from our wide choice of lenders.
This makes sure they always have your best interests at heart.
Mortgage Choice was founded by the Higgins brothers over 25 years ago. They believed in giving Australians access to a choice of home loans, backed by expert advice to help them make the right choice. They were pioneers in mortgage broking and we've since helped over 400,000 people with their home loans.
Over the years, our passion for offering choice and advice has been extended to other areas of personal and business finance, including our industry leading financial planning service.
Compare and save on your mortgage
See the latest great deals from over 20 lenders, including the big four banks. Our online comparison tool lets you compare rates and features of hundreds of loans to find one that's right for you~.