Melbourne Home Loans

Home Loans in Melbourne

Compare 32+ lenders for Melbourne property. Local VIC market expertise, best rates. Servicing all suburbs from CBD to Mornington Peninsula.

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Melbourne Property Market Snapshot

Median House Price

$1.08M

Median Unit Price

$625K

Avg. Loan Size

$525K

Typical Deposit

$108K

Data as of October 2025. Source: CoreLogic, Domain, REIV

Popular Melbourne Suburbs We Service

Inner City

  • CBD, Southbank, Docklands
  • South Yarra, Prahran
  • Carlton, Fitzroy, Collingwood
  • Richmond, Abbotsford
  • St Kilda, Elwood

Avg house: $1.8M | Avg unit: $750K

Eastern Suburbs

  • Hawthorn, Kew, Camberwell
  • Glen Waverley, Mount Waverley
  • Box Hill, Doncaster
  • Ringwood, Croydon
  • Balwyn, Canterbury

Avg house: $1.5M | Avg unit: $680K

Western Suburbs

  • Footscray, Yarraville
  • Sunshine, St Albans
  • Werribee, Point Cook
  • Altona, Newport
  • Caroline Springs, Taylors Lakes

Avg house: $850K | Avg unit: $520K

Northern Suburbs

  • Preston, Reservoir
  • Brunswick, Coburg
  • Epping, Mill Park
  • Craigieburn, Broadmeadows
  • Greensborough, Eltham

Avg house: $920K | Avg unit: $550K

South-East

  • Brighton, Hampton
  • Caulfield, Bentleigh
  • Dandenong, Frankston
  • Mornington, Mount Eliza
  • Clayton, Springvale

Avg house: $1.2M | Avg unit: $620K

Growth Corridors

  • Truganina, Williams Landing
  • Clyde North, Officer
  • Cranbourne, Pakenham
  • Melton, Rockbank
  • Wyndham Vale, Manor Lakes

Avg house: $680K | Avg unit: $480K

Why Melbourne Buyers Choose Us

VIC Stamp Duty Experts

Navigate Victorian stamp duty rules, first home buyer concessions, and off-the-plan benefits. Save thousands with proper planning.

Apartment Specialists

Melbourne's apartment market is unique. We know which lenders approve high-rise, which avoid certain postcodes, and how to maximize your borrowing power.

Investment Property Hub

Melbourne's strong rental market makes it ideal for investors. Get lenders who understand negative gearing, depreciation schedules, and yield calculations.

Best Lenders for Melbourne Property

Top lenders for VIC property with competitive rates and strong appetite for Melbourne market:

UBank

NAB-owned online lender. Great for Melbourne professionals.

5.79%

Variable (Owner-occ)

ANZ

Strong in VIC. Good for first home buyers and refinancers.

5.94%

Variable (Owner-occ)

ING

Low rates, offset accounts. Popular in Melbourne market.

5.89%

Variable (Owner-occ)

NAB

Melbourne-headquartered. Excellent for VIC property.

6.04%

Variable (Owner-occ)

Rates as of October 2025. Actual rate depends on your situation.

Melbourne First Home Buyer Guide

VIC First Home Buyer Grants & Schemes

  • Stamp Duty Concession: Reduced/no duty on properties up to $600K (full), partial up to $750K
  • First Home Owner Grant (FHOG): $10,000 for new homes in regional VIC ($20,000 in regional areas)
  • First Home Guarantee: Buy with 5% deposit, no LMI
  • VIC Homebuyer Fund: Govt contributes up to 25% equity for eligible buyers

Example: First Home Buyer in Outer Melbourne

Property: $650,000 (Pakenham house)

Deposit (5% with FHG): $32,500

Normally need $130K (20%)

Stamp Duty: $8,370

Saved $22,510 (VIC concession)

LMI: $0

Saved ~$16,000 (First Home Guarantee)

Total Savings: $38,510

Plus only need $32.5K deposit instead of $130K!

Ready to Buy in Melbourne?

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