Michael Vaughan, Mortgage Broker, Nunawading VIC

Mortgage Brokers & Home loan experts in Whitehorse

Call: 0400 013 196

Looking for a home loan? Talk to Michael Vaughan, your local Mortgage Choice broker from Nunawading, VIC. Let us research and compare over 20 lenders for you.

Call Us Mortgage Choice Nunawading
Office - 0400 013 196

Open Hours Mortgage Choice Nunawading
By appointment only
Free Appointment

Address

15 Market Street NUNAWADING, VIC 3131

Mortgage Choice in the City of Whitehorse

Michael Vaughan and his team go the extra mile.

If you are looking to purchase a house or refinance your loan, let Michael Vaughan and his team help find you a home loan.

We pride ourselves on superior service every step of the way. This means understanding your personal circumstances and requirements, to help you secure a home loan that fits with your lifestyle and budget.

We cover the areas of Box Hill, Box Hill North and South, Blackburn, Blackburn North and South, Mont Albert North, Nunawading, Forest Hill, Vermont and Vermont South. We know this area well.

To talk to us about how we can help you, either click on the contact link above or phone us at Mortgage Choice on 0400 013 196.

Why use a mortgage broker?

Mortgage brokers remove the time, hassle and confusion that often come with finding a home loan.

Our job is to:

Understand and analyse your personal home loan requirements
Filter through the hundreds of home loan options on the market
Find the one(s) that most suit your individual circumstances
Work through the entire application process alongside you - right through until settlement.
Be available long-term to help you reassess your home loan as and when your circumstances change.

Why work with Mortgage Choice - Michael Vaughan?

Experience & knowledge

Assessing the benefits and costs of various home loan options and structures is not as simple as just looking at interest rates. The terms, fees, structures and payment plans can vary a great deal, impacting the overall cost of a mortgage.

Michael and his fellow mortgage brokers, Peter V, Stuart, Stephen and Peter R, are experienced and knowledgeable specialists. We understand the subtle differences between different home loan options, and could help save you thousands of dollars in loan costs.

Superior service

We take the task of finding a suitable home loan for each of our customers very seriously. Every customer is very much treated as an individual.

We give you support every step of the way - from considering product options, putting together your application, right through to settlement, and beyond.

Convenience

We can come to youWe realise that when you are trying to buy a property you are extra busy and time is precious. So, we are happy to meet with you after hours or at a time and place that is convenient to you.

No cost to you

At Mortgage Choice, our home loan service doesn't cost you anything. Our fees are paid by the home loan lenders, and our consultants get paid the same commission no matter which home loan you choose from our wide choice of lenders. This ensures we are focused on the right loan for you.

Talk to us today

If you would like the help of experienced mortgage brokers to help you through the home loan process, simply click on the contact link at the top of this page, or phone our team today on 0400 013 196.

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. ~

Have always found the service very helpful. Reduces stress. Makes everything associated easier. Friendly and understanding broker who catered to our needs very well.
Catherine and Adam, HEATHMONT, VIC
- Refinancer

Peter was extremely helpful through the process of refinancing my current loan as well as assisting me with my first investment property. I would highly recommend Peter to my friends and family.
Jaqui , Ringwood East, VIC
- Refinancer

Peter was excellent in making my first home purchase simple and straightforward, as well as helping to get a great loan for me.
Barbera K, HEATHMONT, VIC
- First Home Buyer

Peter went above and beyond to help me, he even offered to come to my house in order to help me sign the documents required. He was always available and responsive and no question was too hard. I would totally recommend him to my friends, family and work colleagues.
Belinda G, YARRA GLEN, VIC
- Refinancer

Michael is always extremely helpful and keeps me up to date if there are any delays. Always feel he has my best interests at heart.
Christine P, BLACKBURN SOUTH, VIC
- Refinancer

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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 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.

State / Territorial Revenue Web Sites

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Mortgage Brokers & Home loan experts in Whitehorse

Mortgage Choice in the City of Whitehorse

Why use a mortgage broker?

Why work with Mortgage Choice - Michael Vaughan?

No cost to you

Talk to us today

The right home loan for your needs

Help me calculate

How much can I borrow

Home loan repayment calculator

Stamp duty calculator

2nd Applicant

Extra Information

Home Buyer Concession Scheme

Stamp duty concessions in NSW

How much is the First Home Owners Grant NSW?

How much is the First Home Owners Grant in the NT?

How much is the First Home Owners Grant QLD?

Stamp duty concessions

How much is the First Home Owners Grant SA?

Stamp duty concessions in TAS

How much is the First Home Owners Grant TAS?

Stamp duty concessions in VIC

How much is the First Home Owners Grant VIC?

Stamp duty concessions in WA

How much is the First Home Owners Grant WA?

State / Territorial Revenue Web Sites

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