Your local mortgage broker and home loan specialist for North Melbourne, Carlton, Fitzroy and surrounds

Call: 0403 250 275

Looking for a home loan? Talk to John Costa, your local Mortgage Choice broker from North Melbourne. Let us research and compare over 20 lenders for you.

Call Us Mortgage Choice Kensington
Office - 0403 250 275

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

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Start your home loan journey today

At Mortgage Choice North Melbourne, we pride ourselves on providing excellent service to our clients and seek to obtain the best outcome to suit your needs.

You can be assured that any enquiry will be dealt with quickly and efficiently. We're contactable at all hours and we cater for first home buyers, investors and new home purchasers. We can also help you with a quick home loan health check to ensure you´ve still got a great deal on your existing home loan.

Why do people work with Mortgage Choice North Melbourne?

At Mortgage Choice North Melbourne we know that searching for the right home loan can be stressful and confusing - you may not even know where to start or what loan products are on the market. We do all the work for you, searching through hundreds of loans from our wide panel of lenders, including the big banks, to find the one that's perfect for you.

Not only do we help you find the right loan, but we also prepare all the paperwork and follow up with the lender that you have chosen saving you time and effort.

Our home loan service is at no cost to you

Our home loan service comes at no cost to you as the lender pays us after your loan settles.

We don't just do home loans

Mortgage Choice North Melbourne is a full financial centre to help you on your financial journey.

We can help you with:

Home loans
Investment loans
Refinancing
Car loans
Personal loans
Commercial & Equipment finance
Insurances
and more!

We make it easier for you to discuss your plans with us

At Mortgage Choice in North Melbourne we are happy to meet you at a time and place of your choice, making life that little bit easier for you.

We service the following areas: North Melbourne, Parkville, Carlton, Carlton North, Fitzroy, Fitzroy North, Collingwood, East Melbourne, Abbotsford, Northcote, Fairfield and surrounds.

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

John exceeded all expectations as my mortgage broker. Despite an extremely tight timeline, he delivered exceptional service with clear communication, transparency, and thorough explanations every step of the way. His expertise and professionalism made the process smooth and stress-free. I highly recommend John for anyone seeking a reliable, efficient and honest mortgage broker.

Chelsea
13 March 2024

John was very supportive. He walked us through every step of applying for a loan and helped us choose a plan that works for us. I would highly recommend Johns services.

Anna
26 February 2024

A big thank you to John Very knowledgeable and helpful through every step of purchasing our first home. John is a true professional, patient and supportive through the process of organising the loan and everything went through seamlessly. Would highly recommend Johns services.

Darryl
30 November 2023

John made getting my pre-approval and approval for a home loan easy and stress-free.
He was very accommodating and was able to help me after hours and also on weekends which I appreciated.
For anyone looking for a good mortgage broker I highly recommend speaking to John.

adam
22 November 2023

John was great, highly recommend.
Great communication, very knowledgable, happy to answer any of my questions, professional and friendly. Gave me all my options throughout the process and thoroughly explained everything.

Jo
23 August 2023

John was very helpful and put in so much genuine effort to assisted us in getting a better home loan interest rate. Thank you so much and highly recommend.

elizabeth
22 August 2023

Highly recommend John Costa. John invested a lot of time in answering all our questions, exploring scenarios, and working with the lender to make things easy for us. Great communication and a pleasure to deal with.

Matt
23 July 2023

John was fantastic with everything from start to finish.
Helpful and patient and made sure everything ran smoothly.
Definitely recommend. Thanks John

Thomas
29 May 2023

John was fantastic. Made the experience as easy as he possibly could for us. Not only did he sort and organise everything required for us to get the best possible loan, he also kept us in the loop and explained the process from start to finish. Would definitely recommend his services to anyone looking to buy.

Jack
29 May 2023

As a first home buyer I am so lucky to have had John on my side, guiding me through every step of the process. Highly recommend

Anna
16 May 2023

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.

Download now

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You could borrow up to

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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.

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