Mortgage Broker Melbourne | Lagos Financial

Lagos Financial provides expert mortgage broking services to clients across Melbourne and Victoria. Whether you’re a first home buyer navigating Melbourne’s competitive property market, an investor adding to your portfolio, or a homeowner looking to refinance, our team can help you access competitive rates from more than 60 lenders — all without needing to visit a branch.

Melbourne Property Market Overview

Melbourne is Australia’s second-largest property market and one of the most dynamic. Key current indicators include:

Median house price (2024): Approximately $910,000 across greater Melbourne
Median unit/apartment price: Approximately $615,000 across greater Melbourne
Melbourne experienced softer price growth in 2023–24 compared to Sydney and Brisbane, creating relative buying opportunities for well-positioned buyers
Strong population growth driven by interstate migration and overseas arrivals continues to underpin long-term demand

Melbourne’s diverse suburbs offer a wide range of entry points — from inner-city apartments starting below $500,000 to family homes in established eastern suburbs regularly transacting above $1.5 million.

Popular Melbourne Suburbs for Buyers

First Home Buyers

Affordable entry-level options for Melbourne first home buyers include Werribee, Melton, Craigieburn, Pakenham, and Wyndham Vale in the outer ring — where house-and-land packages can be secured for $550,000–$700,000. Inner-ring apartment options include Footscray, Coburg, and Sunshine.

Investors

Popular investment corridors include Preston, Coburg, and Heidelberg (north); Glen Waverley and Box Hill (east); and Point Cook and Hoppers Crossing (west). Rental yields in Melbourne averaged 3.0–4.5% depending on property type and location in 2024.

Upsizers and Established Buyers

Family-friendly suburbs with strong long-term capital growth track records include Camberwell, Balwyn, Kew, Brighton, and Hawthorn in the inner east, and Doncaster and Templestowe in the middle ring.

How Lagos Financial Helps Melbourne Buyers

Lagos Financial operates remotely and digitally — meaning Melbourne clients receive the same comprehensive service as our Sydney and Brisbane clients, without needing to visit a physical office. Our process includes:

A complimentary assessment via phone or video call to understand your goals and financial position
A comprehensive analysis of loan options across 60+ lenders, including major banks, regional lenders, and non-bank lenders
Assistance with pre-approval so you can bid at auction with confidence
Ongoing support through unconditional approval, settlement, and beyond

Many Melbourne buyers benefit from the breadth of lenders available through a broker, particularly when their situation involves self-employment, a non-standard income, or a smaller deposit. Explore our first home buyer services or learn about refinancing.

Stamp Duty in Victoria

Victoria’s stamp duty (land transfer duty) is one of the most significant upfront costs for Melbourne buyers. Standard rates for a principal place of residence (non-first home buyer) include:

$500,001–$960,000: 5.5% of the dutiable value
$960,001–$2,000,000: 6.0% of the dutiable value
Above $2,000,000: 6.5% + additional duty for foreign buyers

Stamp duty on a $900,000 Melbourne home is approximately $49,070 for a non-first home buyer.

First Home Buyer Concessions in Victoria

Victoria offers meaningful stamp duty relief for first home buyers:

Full exemption: No stamp duty on homes valued up to $600,000
Concession: Tapered stamp duty reduction on homes valued between $600,001 and $750,000
Victorian Homebuyer Fund: A shared equity scheme allowing eligible buyers to purchase with a 5% deposit, with the state government contributing up to 25% of the purchase price (up to 35% for regional Victoria)
Regional First Home Owner Bonus: An additional $20,000 grant for first home buyers purchasing or building a new home in regional Victoria (on top of standard FHOG where applicable)

Frequently Asked Questions

Can I use a mortgage broker remotely from Melbourne?

Absolutely. Lagos Financial works with Melbourne clients entirely online and by phone. Our digital application process means you can receive a full loan assessment, compare options across 60+ lenders, and progress your application from offer through to settlement — all without a face-to-face meeting. Many of our clients prefer the flexibility of remote broking.

What stamp duty do I pay when buying in Victoria?

Stamp duty in Victoria depends on the property value and whether you are a first home buyer. First home buyers purchasing a property under $600,000 pay no stamp duty at all. Between $600,001 and $750,000, a sliding concession applies. Above $750,000, first home buyers pay full rates, which are approximately $43,070 on an $800,000 purchase for a non-first home buyer.

What grants are available for Melbourne first home buyers?

Melbourne first home buyers may be eligible for: a full stamp duty exemption on properties under $600,000; the Victorian Homebuyer Fund (shared equity, 5% deposit); the federal First Home Guarantee (5% deposit, no LMI); and the FHSS scheme (save up to $50,000 in super for a deposit). A first home owner grant of $10,000 may also be available for new builds. A mortgage broker can help you stack the applicable benefits for maximum impact.

Get Expert Advice from Lagos Financial

With close to 20 years of experience and access to 60+ lenders, Victor Lagos and the Lagos Financial team can help you find the right loan for your situation. Book a free assessment or call us to discuss your options.

Our Services

Lagos Financial offers a full range of mortgage broking services:

We serve clients in Sydney, Brisbane, Launceston, and Australia-wide.

About the Author
Victor Lagos is a licensed mortgage broker (ACL 546774) and founder of Lagos Financial, with close to 20 years of finance industry experience since beginning his career at Bluestone Mortgages in 2006. A member of the Finance Brokers Association of Australia (FBAA) since 2015 and the Australian Financial Complaints Authority (AFCA — 98399), Victor helps Australians build wealth through tailored home loan and property investment strategies, working with 60+ lenders nationwide. Last reviewed: March 2026.