Home loans in Melbourne

Your borrowing power depends on income, commitments, deposit and each lender's assessment — not the city itself, though Melbourne's price levels shape the loan size you'll need. We compare your position across 50 lenders and show what each is likely to offer. A complimentary assessment gives you a real number.

Most lenders look for roughly 5%–20% of the price plus costs; under 20% usually means Lenders Mortgage Insurance, though guarantor and some professional options reduce that. On Melbourne's median dwelling value that's a meaningful sum — we'll map your deposit against current lender policy.

First-home buyers in VIC may access state grants, stamp-duty concessions and federal guarantee schemes, all subject to eligibility and property price caps that change. We'll tell you what currently applies and check it against your situation — general information, not personal advice.

It varies by lender and how complete your documents are. A well-prepared file can reach formal approval quickly, but we never promise a timeframe up front — we set it out honestly once we've reviewed your situation.

One application is compared across 50 lenders instead of you approaching each yourself, and we are paid commission by the lender when a loan settles, and where a fee applies it is quoted in writing and agreed before we recommend a lender. You also reach lenders you may not be able to deal with directly.