How we rank mortgage brokers in Melbourne
We’ve put together a list of the best mortgage brokers in Melbourne using a clear and consistent set of criteria designed to identify experienced, well-reviewed, and high-performing brokers.
Our selection criteria includes:
✔ More than 5 years’ experience in mortgage broking or financial services
✔ An average rating of 4.5 stars or higher, based on verified customer reviews
✔ At least 50 reviews from reputable online platforms
✔ A well-supported team structure, rather than a single operator, to guide clients through the process
✔ Access to a broad lender panel, offering a wide range of options across the market
✔ Deep knowledge of the Melbourne property market, including local suburbs, pricing trends and lending nuances
Every provider listed on this page met these standards. They are shown in no particular order: this is not a 1-to-10 merit ranking, and a provider’s position in the list does not mean it is better than the others.
OurTop10
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Get matched in 60 seconds →Loanscope
- 5.0
- 45 lenders
- Residential, Commercial & Asset Finance, First Home Buyers, Investors & Refinancing
Awards
Emmanuel Guignard spent five years as a relationship manager at CBA and Bank of Melbourne before crossing to broking in 2012. He started Loanscope in 2015 and still leads the broking team.
The files he takes on usually have a structure behind them: family trusts, company borrowers, self-managed super funds. Medical and other professional borrowers make up a large share of the book, alongside first home buyers and investors. The panel runs to 45 lenders.
Fifteen years in finance, an MBA in financial planning from Deakin, and a place as a qualified mentor on the FBAA programme that trains newer brokers.
Why choose Loanscope?
Loanscope, a leading entity in Melbourne’s finance broking sector, distinguishes itself by providing tailored loans, expert guidance, and outstanding service at competitive rates. With a vast network of 45 lenders, Loanscope streamlines the lending process, boasting a remarkable approval track record while consistently prioritising clients’ best interests. Loanscope also guides clients through the implications of lenders mortgage insurance and helps them navigate this aspect of the mortgage process. Situated conveniently in St Kilda Road, they offer flexible after-hours appointments and proudly hold membership in the Finance Brokers Association of Australia.
As a reputable finance brokerage, Loanscope cultivates robust alliances with major banks, non-bank lenders, and non-conforming lenders. They grant access to a diverse array of home loan packages, aligning their expertise with clients’ current and future financial requirements. Furthermore, Loanscope facilitates connections with trustworthy conveyancers, accountants, financial planners, and other professionals to augment their comprehensive service.
Emmanuel Guignard (MBA) – Director & Principal Mortgage Broker
Services
- Home Loan Brokers
- Investment Property Loans
- Home Loans for Doctors
- Home Loans for Lawyers
- Home Loan Refinancing
- Bridging Loans
- First Home Buyer Loans
- Renovation Home Loans
- Commercial loans
- Mortgage Insurance
Client Experience
Contact Details
Phone: 03 9988 1818
Address: Suites 721-723-725/1 Queens Rd, Melbourne VIC 3004
Zanda Wealth
- 5.0
- 80 lenders
- Business, Commercial & Asset Finance Specialists
- Equipment, Vehicle, Cash Flow & Growth Funding
Why Choose Zanda Wealth
- Access to a vast network of 80 lenders
- Exceptional 5-star client reviews
- A high rate of satisfied repeat clients
Zanda Wealth, established in 2014 alongside its sibling company, Zanda Finance (founded in 2006), has been dedicated to helping numerous clients achieve their financial objectives. With a focus on property investment and mortgage solutions, they’ve aided hundreds of individuals in securing their financial futures. Property investors are their core client. Zanda Wealth looks at borrowing capacity and loan structure across a whole portfolio rather than treating each purchase on its own.
The core mission of Zanda Wealth remains centered on working with everyday people, empowering them to escape the rat race through property investment and mortgage debt reduction. Zanda Wealth Mortgage Brokers offers services in mortgage broking, long-term financial planning, and property investment.
Austin Rulfs started broking at 24 and has been at it sixteen years. Nine of those have been his own business: he left a large broking firm to set up Zanda Wealth Mortgage Brokers, and has since been ranked inside the top five brokers in the state by aggregator Connective.
The style is blunt by design. The stated motto is “we’re here to get the job done”, and Rulfs would rather give a client an accurate read on what a lender will do than a comfortable one.
Services
- First Home Buyers
- Refinancing
- Investment Loans
- Constructions Loans
- Property Investing
- Future Planning
- Bridging Loans
- Home Renovation Loans
- Mortgage Insurance
Client Experience
Contact Details
Phone: 1300 000 919
Address: Level 8, 350 Collins Street, Melbourne VIC 3000
Natloans
- 4.9
- 50+ lenders
- Residential, Commercial & Asset Finance, First Home Buyers, Investors & Refinancing
Why Choose Natloans
- Multi Award-Winning Team
Recognised as industry leaders with multiple awards for excellence in finance broking. - Proven Customer Satisfaction
Trusted by over 10,000 happy clients nationwide with over 800 5-star Google reviews. - Unmatched Expertise
100+ years of combined experience to handle even the most complex finance needs. - A Legacy of Trust
Over 15 years of helping Australians with expert advice and reliable support. Access to Australia’s Leading Lenders
Partnerships with 50+ top banks and non-bank lenders offering competitive loan options.
Natloans has been broking for more than fifteen years, run by chief executive and managing director Mary Nebotakis, with a team carrying over 100 years of finance experience between them.
The panel is more than 50 banks and non-bank lenders. Home loans, refinancing, investment property and borrowing through a self-managed super fund are the main work, for buyers in Melbourne and clients around the country.
More than 10,000 clients and over 800 five-star Google reviews. The brokerage has been named a winner or finalist at the Australian Broking Awards, the MFAA Excellence Awards and by aggregator AFG.
Awards and Achievements
♦ 2025 The Adviser Asset Finance Broker of the Year – VIC – Finalist
♦ 2016 – 2025 AFG Personal Loan Broker – VIC – Winner
♦ 2022 The Adviser Finance Broker of the Year – VIC – Finalist
♦ 2015 MFAA Finance Broker Business – VIC – Finalist
♦ 2015 The Adviser Asset Finance Broker of the Year – VIC – Winner
♦ 2015 AFG Personal Loan Finance Broker – VIC – Winner
♦ 2009 – 2014 AFG Equipment Finance Broker – VIC – Winner
Client Experience
Mortgage Domayne
- 4.9
- 40+ lenders
- Residential, Commercial & Construction
- Self Employed, Medical & Complex Lending
Why choose Mortgage Domayne?
- Winner of the Customer Service Award (Business) at the 2026 MFAA Excellence Awards, VIC/TAS
- 4.9 stars from more than 680 Google reviews
- Conveyancing handled in-house under their own licence, not referred out
- Two credit analysts and a dedicated settlements team, so brokers aren’t processing their own files
- Managing Director Mark Polatkesen brings more than 22 years in lending
Mortgage Domayne has been broking out of Moonee Ponds since 2015 and now runs a team of 20 — 13 brokers backed by credit analysts, a settlements team leader and operations staff. That structure is the point. Brokers aren’t processing their own files, which is what keeps applications moving when a lender comes back with questions.
The firm won the Customer Service Award (Business) at the 2026 MFAA Excellence Awards for VIC/TAS, and was a finalist in two categories at the 2026 Better Business Awards. They compare more than 40 bank and non-bank lenders, and aim to come back with an answer within about five business days.
Conveyancing sits under their own licence rather than being referred out, so buyers can keep the loan and the settlement with one team. Alongside standard residential lending they run construction, guarantor, low doc, self-employed and commercial finance, plus a dedicated desk for medical professionals.
Services
- Home loans
- Refinancing
- Investment loans
- Construction loans
- Guarantor loans
- Self-employed and low doc
- Medical professional loans
- Commercial and business lending
- Equity release
- Conveyancing
Awards & Achievements
- 2026: MFAA Excellence Awards VIC/TAS — Customer Service Award (Business) — Winner
- 2026: Better Business Awards VIC — Best Customer Service (Office) — Finalist
- 2026: Better Business Awards VIC — Best Community Engagement Program — Finalist
- 2025: Better Business Awards VIC — Best Customer Service (Office) — Finalist
Client Experience
“Amazing team that helped my wife and I tremendously during the stresses of a home loan application.” — Swade
“We had an excellent experience with Chantal, our mortgage broker, and Margie, our settlement officer.” — Abraham
Contact Details
Phone: 1300 366 296
Address: Suite 5, Level 1, 17 Everage Street, Moonee Ponds VIC 3039
Booking: Book an appointment
ALIC
- 4.9
- 50+ lenders
- Investment Property, Home Loans & Refinancing
- Commercial, SMSF & Vehicle Finance
Why choose ALIC
- Investment lending specialists — the business was built around helping Australians build property portfolios, not just settle a loan
- Australia’s #3 brokerage in MPA’s Top 50 Brokerages 2026, with more than 80 industry awards in ten years
- Winner, Customer Service of the Year (Office) at the 2026 Australian Broking Awards
- Bank-trained founders — Mark Davis set up ANZ’s Investment Lending Centre before founding ALIC in 2009; Kevin Agent spent 23 years at a major bank
- 50+ bank and non-bank lenders, so the structure fits the strategy rather than the other way round
Founded in 2009 by two former bank lenders, ALIC has grown into one of the country’s largest independent brokerages, with a team of 60-plus across Melbourne and Brisbane and more than 36,000 clients helped. Its Collins Street office is the home base for a team that specialises in investment lending — structuring loans for people building a portfolio — as well as home buyers, refinancers and business owners.
ALIC was ranked #3 in MPA’s Top 50 Brokerages for 2026 and took out Customer Service of the Year (Office) at the 2026 Australian Broking Awards. Co-founder Kevin Agent, who leads the Melbourne office, won Mentor of the Year (VIC/TAS) at the 2026 Better Business Awards.
Services
- Investment property loans and portfolio structuring
- Home loans — first and next home buyers, guarantor, self-employed
- Refinancing
- SMSF loans and SMSF refinancing
- Commercial loans
- Vehicle finance
Awards & Achievements
- 2026: Australian Broking Awards — Customer Service of the Year (Office) — Winner
- 2026: MPA Top 50 Brokerages — Ranked #3
- 2026: Better Business Awards VIC/TAS — Mentor of the Year (Kevin Agent) — Winner
- 2026: Better Business Awards VIC/TAS — Best Loan Administrator (Rebekah Sander) — Winner
- 2026: MPA Top Employer — Winner
Client Experience
ALIC holds a 4.9-star Google rating across more than 250 reviews, and reported a Net Promoter Score of 88 from 264 clients in its last published survey. Clients consistently mention strategy-first advice and a team that explains the “why” behind a loan structure.
Contact Details
Phone: 1300 254 228
Address: Level 9, 360 Collins Street, Melbourne VIC 3000
Website: alic.com.au
UFinancial
- 5.0
- 80+ lenders
- Residential, Investment & Refinancing
- Commercial, Asset Finance & SMSF
Why choose UFinancial
- Scale without the bank feel — 145-plus staff and eight offices nationally, headquartered on St Kilda Road, with a people-first culture its reviews keep coming back to
- 80+ lenders and 500+ products — one of the widest panels of any brokerage on this list
- Ranked #12 in MPA’s Top 50 Brokerages 2026
- Everything under one roof — in-house accounting, tax and financial planning teams alongside the brokers
- Established 2008 — 18 years and 15,000-plus clients
UFinancial has been arranging home loans from Melbourne since 2008 and has grown into a national brokerage with more than 145 staff, eight offices and over 15,000 clients. The St Kilda Road head office houses around 30 finance brokers alongside in-house accounting and financial planning teams, so a first home buyer, an investor and a business owner can each be looked after by the right specialist without leaving the building.
UFinancial ranked #12 in MPA’s Top 50 Brokerages for 2026 and was a Better Business Awards finalist for Best Large Non-Franchise Office (VIC). They compare more than 80 lenders and 500 home loan products.
Services
- Home loans — first home buyer, upgrader, refinance, investment, construction
- Professional loans (medical, legal, accounting)
- Commercial property, business loans, development finance, cashflow lending
- Car, equipment and asset finance
- SMSF lending
- Accounting, tax and financial planning (in-house)
Awards & Achievements
- 2026: MPA Top 50 Brokerages — Ranked #12
- 2026: Better Business Awards VIC/TAS — Best Large Non-Franchise Office — Finalist
Client Experience
A 5.0-star Google rating from 437 reviews — the largest verified review base on this page. Reviews single out responsiveness and plain-English explanations from individual brokers, which matters in a firm this size.
Contact Details
Phone: 03 9686 9087
Address: Level 4, 580 St Kilda Road, Melbourne VIC 3004
Website: ufinancial.com.au
Entourage
- 5.0
- 60+ lenders
- Home Loans, Investment & Refinancing
- Buyers Advocacy, Asset Finance & Conveyancing
Why choose Entourage
- Finance and property in one team — mortgage brokers, buyers advocates, asset finance brokers and conveyancers under one roof in Cremorne
- Winner, Diversified Business Award at the 2026 MFAA Excellence Awards VIC/TAS
- $5 billion-plus settled and more than 3,500 properties bought or financed
- 60+ lenders, including specialist and professional-lending options for doctors and lawyers
- Founder with form — Damien Roylance was Australian Mortgage Awards Broker of the Year in 2015 and co-founded RateMyAgent
Entourage was founded in 2015 by Damien Roylance on a simple idea: the people helping you finance a property and the people helping you buy it should be in the same room. From its Cremorne headquarters, the team of around 50 covers home loans, investment and SMSF lending, buyers and vendor advocacy, asset finance and conveyancing, with satellite offices in Mornington, Geelong, Brisbane and Byron Bay.
Entourage has settled more than $5 billion in loans and was named Diversified Business of the Year at the 2026 MFAA Excellence Awards for Victoria and Tasmania.
Services
- Home loans — first home buyer, refinancing, investment, construction
- Commercial and SMSF lending; professional loans (doctors, lawyers)
- Buyers advocacy and vendor advocacy
- Car, equipment, boat and personal loans
- Conveyancing and property law (Entourage Legal)
Awards & Achievements
- 2026: MFAA Excellence Awards VIC/TAS — Diversified Business Award — Winner
- 2026: Better Business Awards VIC/TAS — Best Customer Service (Office) — Finalist
- 2026: LMG Awards — Diversified Business of the Year — Finalist
Client Experience
The Cremorne office holds a 5.0-star Google rating across 552 reviews, and the group reports more than 1,500 five-star reviews across all locations. Clients repeatedly mention the value of having the broker and the buyers advocate talking to each other.
Contact Details
Phone: 03 9421 1651
Address: Level 5, 9-11 Cremorne Street, Cremorne VIC 3121
Website: entourage.com.au
Podium Money
- 5.0
- 60+ lenders
- Home Loans, Investment & Refinancing
- Commercial, Equipment & Vehicle Finance
Why choose Podium Money
- Residential and commercial under one roof — a genuine specialist in both, rather than a home-loan shop that dabbles in business lending
- $1.55 billion under management and roughly $600 million written a year
- Ranked #35 in MPA’s Top 50 Brokerages 2026
- 60+ lenders across home, commercial, equipment and vehicle finance
- Founder-led since 2007 — Petro Trianta started as a one-person residential broker at 25 and still runs the group
Podium Money started in 2007 as a one-person residential brokerage and has grown into a 30-strong group with offices in Melbourne, Sydney, Brisbane and Canberra. The Bowen Crescent head office handles home loans, investment lending and refinancing alongside commercial property, business, equipment and fleet finance, which makes it a good fit for self-employed buyers and business owners whose personal and business borrowing overlap.
Podium was ranked #35 in MPA’s Top 50 Brokerages for 2026 and has $1.55 billion in lending under management.
Services
- Home loans — first home, next home, investment, refinancing, pre-approval
- Commercial property, business loans, development and construction
- Working capital and cashflow lending
- Equipment finance — fleet, trucks, agriculture, manufacturing, aviation
- Car loans
Awards & Achievements
- 2026: MPA Top 50 Brokerages — Ranked #35
Client Experience
A 5.0-star Google rating across 253 reviews for the Melbourne office. Reviews lean towards business owners and investors describing complex deals that got done.
Contact Details
Phone: 1300 763 486
Address: Level 9, 5 Bowen Crescent, Melbourne VIC 3004
Website: podiummoney.com.au
Smart Lending
- 5.0
- 40+ lenders
- Home Loans, First Home Buyers & Refinancing
- Investment, SMSF & Business Lending
Why choose Smart Lending
- Winner, Best Boutique Non-Franchise Office (VIC) at the 2026 Better Business Awards
- 23 years, one founder — Melissa Gielnik has run Smart Lending since 2003 and still writes loans
- A decorated broker — MFAA National Mortgage Credit Adviser of the Year (2014), MPA Elite Women 2026, MFAA Best Customer Service Office 2024
- Small team, senior attention — seven people, so the person you meet is the person who handles your file
- 40+ lenders for home, investment, SMSF and business borrowing
Smart Lending is a boutique brokerage on the corner of Bourke and Spencer Streets that has been founder-run since 2003. Melissa Gielnik built the business on a “we work for you, not the banks” stance and has the awards to back it — she was the MFAA’s national Mortgage Credit Adviser of the Year in 2014 and was named to MPA’s Elite Women list in 2026.
The seven-person team looks after first home buyers, refinancers, investors and self-managed super funds, plus business and asset finance. In 2026 Smart Lending won Best Boutique Non-Franchise Office (VIC) at The Adviser’s Better Business Awards.
Services
- Home loans and first home buyer loans
- Refinancing and debt consolidation
- Investment loans and guarantor loans
- SMSF loans
- Business and commercial loans
- Car, asset and personal finance
Awards & Achievements
- 2026: Better Business Awards VIC/TAS — Best Boutique Non-Franchise Office — Winner
- 2026: MPA Elite Women — Melissa Gielnik
- 2026: Better Business Awards VIC/TAS — Best Residential Broker (Melissa Gielnik) — Finalist
- 2024: MFAA Excellence Awards — Best Customer Service Office — Winner
Client Experience
A 5.0-star Google rating from 283 reviews — 279 of them five stars. Reviews describe a broker who stays on the phone through to settlement, which is the boutique promise delivered.
Contact Details
Phone: 03 8746 2354
Address: 696 Bourke Street, Melbourne VIC 3000 (corner Spencer Street)
Website: smart-lending.com.au
AXTON Finance
- 5.0
- 35+ lenders
- Home Loans, Investment & Refinancing
- Self-Employed, Expat & SMSF Lending
Why choose AXTON Finance
- Hundreds of five-star reviews — 5.0 on Google across more than 560 reviews, the deepest review base of any boutique on this page
- Top-50 brokerage two years running — #26 in 2025 and #44 in 2026 in MPA’s Top Brokerages
- Eight brokers with 100-plus years’ combined lending experience in one Hawthorn office
- Specialist scenarios — expats, self-employed, bridging, SMSF, reverse mortgages and professional lending
- $1.5 billion-plus settled, with a 97% approval rate
AXTON Finance is a Hawthorn brokerage led by Clinton Waters, a broker with more than 23 years in lending who has personally settled over $1 billion. The eight-broker team covers the full run of home and investment lending, with particular depth in scenarios other brokers find hard: Australian expats, self-employed borrowers, bridging finance, SMSF and reverse mortgages.
AXTON has ranked in MPA’s Top 50 Brokerages in both 2025 and 2026, and its 5.0-star Google rating rests on more than 560 client reviews.
Services
- Home loans, investment loans, house-and-land, construction and bridging
- Refinancing, debt consolidation and equity release
- Expat lending, self-employed loans, SMSF loans, reverse mortgages
- Professional lending — doctors, lawyers, accountants
- Property advocacy referral and private banking
Awards & Achievements
- 2026: MPA Top 50 Brokerages — Ranked #44
- 2025: MPA Top 50 Brokerages — Ranked #26
- 2024: Connective Excellence Awards — All Round Broker of the Year (Clinton Waters) — Winner
Client Experience
A 5.0-star Google rating from more than 560 reviews, all but two of them five stars. Extended hours — open to 8pm Monday to Thursday and Saturday mornings.
Contact Details
Phone: 1300 706 540
Address: 114 Auburn Road, Hawthorn VIC 3122
Website: axtonfinance.com.au
Disclaimer: OurTop10 provides general comparison information only. We do not guarantee service outcomes or suitability for individual circumstances. Users should conduct their own research and consider seeking licensed professional advice. Read our full methodology.
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Benefits of working with a mortgage broker in Melbourne
1. Get access to 100+ lenders and loan products
A mortgage broker in Melbourne will have a broad lender panel, often between 50 and 100 lenders, depending on their aggregator. This includes major banks, non-bank lenders and credit unions, so you can get access to a wider range of loan options tailored to your situation.
A broker can help with the following loan options:
Investment property loans
Investment lending requires an understanding of lender policies, tax considerations, and portfolio structuring. Brokers can help navigate more complex scenarios and optimise your borrowing strategy.
First-home buyer loans
Brokers guide first-home buyers through government incentives, stamp duty concessions, and low-deposit or guarantor loan options.
Refinancing
Refinancing can help reduce your interest rate, lower repayments, or unlock equity for renovations or further investment.
SMSF property loans
Brokers can assist self-managed super fund (SMSF) trustees with structuring loans for property investment within super.
Debt consolidation
Brokers assess your overall debt position and may recommend consolidating high-interest debts (like credit cards or personal loans) into a single, more manageable repayment.
Commercial property loans
For business owners and investors, brokers can assist with financing retail, office, industrial or mixed-use properties — navigating more complex lending criteria and cash flow assessments.
2. End-to-end support from pre-approval to settlement
A good mortgage broker in Melbourne will guide you through the entire home loan process — from the initial Fact Find and pre-approval, right through to unconditional approval, settlement, and ongoing support, including an annual rate review.
Throughout the process, your broker will:
Translate complex lending terms into simple, easy-to-understand language
Calculate how much you can borrow across a range of lenders
Recommend a loan structure and product suited to your situation — and clearly explain the reasoning
Work with lenders to negotiate sharper rates and more favourable terms
Handle your application from start to finish, including paperwork, follow-ups and communication
Arrange pre-approval so you’re ready to act when the right Melbourne property comes up
Liaise with your lender and conveyancer to ensure a smooth path to settlement
3. Stronger negotiating power on rates and terms
A home loan broker Melbourne can often get you a better deal by tapping into their relationships with lenders. That might mean a lower rate than what’s advertised, reduced or waived fees, access to broker-only products, or more flexible terms that suit your situation. In some cases, they can even help you score cashback offers, which can take a bit of the sting out of your upfront costs.
4. They’re legally required to act in your best interest
All brokers operate under Best Interest Duty, meaning a finance broker Melbourne clients work with is legally required to prioritise your needs over the lender’s at all times.
This means your broker will compare multiple lenders and give you a shortlist of suitable options, usually at least 3 to choose from. They’re not allowed to push expensive or unsuitable products, and are legally required to recommend a loan that genuinely fits your financial situation and long-term goals.
See our detailed comparison of mortgage brokers versus banks.
5. They have Melbourne market insights
A local broker brings a strong understanding of suburb-level dynamics, lender restrictions and valuation nuances specific to Melbourne. For example, some lenders may be less supportive of certain suburbs or property types, which can impact your borrowing options and approval outcome.
Our research shows that 34% of homebuyers in Victoria rely on brokers for general property guidance, not just finance.
Which licences and accreditations do mortgage brokers need?
All brokers in Australia must hold an Australian Credit Licence (ACL) or operate as a Credit Representative under a licensed aggregator or brokerage, and meet minimum education requirements, including at least a Certificate IV in Finance and Mortgage Broking.
Home loan brokers are regulated by the Australian Securities and Investments Commission (ASIC) under the National Consumer Credit Protection Act 2009 (NCCP Act).
Key regulatory protections include:
Mandatory professional indemnity insurance
Best interest duties requiring brokers to prioritise client outcomes
Comprehensive disclosure of commissions and conflicts of interest
Regular compliance monitoring and audit procedures
Lenders also require brokers to be accredited with industry bodies like the Mortgage & Finance Association of Australia or the Finance Brokers Association of Australia, which require them to meet additional ethical and professional standards.
FAQs about Melbourne mortgage brokers
1. What suburbs do Melbourne mortgage brokers service?
Melbourne mortgage brokers generally work across the entire metro area and also help clients in regional parts of Victoria too. They offer virtual appointments and mobile services, which means you don’t need to choose someone in your immediate suburb to get help with your home finance. Mortgage applications and supporting documents are generally completed and submitted online via a broker software like Quickli or BrokerEngine.
Here’s a breakdown of the areas Melbourne brokers service:
Inner Melbourne: Melbourne CBD, Southbank, Docklands, Carlton, Fitzroy, Collingwood, Richmond, South Yarra, Prahran and St Kilda.
Northern suburbs: Brunswick, Northcote, Preston, Reservoir, Coburg, Pascoe Vale, Bundoora, Mill Park, Epping and South Morang.
Eastern suburbs: Hawthorn, Camberwell, Kew, Box Hill, Glen Waverley, Doncaster, Ringwood and Nunawading.
Western suburbs: Footscray, Yarraville, Williamstown, Altona, Werribee, Point Cook, Tarneit and Truganina.
Regional Victoria: Geelong, Ballarat, Bendigo, Shepparton, Warrnambool and the Mornington Peninsula region.
2. How much does a mortgage broker in Melbourne cost?
Most Melbourne mortgage brokers offer free consultations and services to borrowers, earning commissions from lenders upon successful loan settlement.
Some brokers may charge application or advice fees for complex scenarios or specialised services.
All fees must be disclosed upfront in accordance with regulatory requirements, ensuring complete transparency throughout the process.
3. Can a broker help with refinancing in Melbourne?
Yes, refinancing through a mortgage broker can help you secure a better rate, improve your loan terms, and unlock equity to upgrade your owner-occupied home or purchase an investment property in Melbourne.
A local broker will assess your current loan against what’s available across the market and should be able to:
Secure a lower interest rate and reduce your monthly repayments
Unlock equity through a cash-out or top-up refinance (common for renovations)
Consolidate existing debts into a single loan
Switch between variable and fixed-rate products
Tailor your loan structure to suit either owner-occupier or investor strategies
Our analysis of ABS data found that around 83,000 refinances in Melbourne were handled by mortgage brokers last year alone.
*This estimate is based on ABS refinance data, Melbourne accounting for roughly 80% of VIC activity, and mortgage brokers handling 77% of all home loan refinances.
4. Can a broker help a first-home buyer buy in Melbourne?
A broker can help first-home buyers access a range of loan options, including low-deposit loans, guarantor loans, First Home Guarantee (FHBG) loans, and lenders participating in schemes like the Victorian Homebuyer Fund and Help to Buy.
They can also help you determine if you’re eligible for the $10,000 VIC First Home Owner Grant, stamp duty concessions, and how these benefits interact with different lender policies.
Our analysis of ABS data estimates that mortgage brokers facilitated nearly 23,000 first-home buyer loans across Greater Melbourne in the last calendar year.
5. Can brokers help with bad credit situations?
Yes, experienced mortgage brokers often specialise in more complex credit scenarios and can connect you with lenders that consider borrowers with past credit issues. They’ll assess your current financial position, match you with suitable lenders, and structure your application to give you the best chance of approval while still aiming for competitive terms.
6. How long does the mortgage approval process take?
If everything’s simple — you’ve got steady long-term employment, clean finances and you’re buying a standard property — it can be done in as little as 2–3 weeks. More complex scenarios, like self-employment, investment purchases or unusual circumstances, can take closer to 4–6 weeks while the lender works through the details.
Melbourne property market update: September 2026
Property market snapshot September 2026: Greater Melbourne
Property type | Median value | Quarterly change | Gross rental yield |
All dwellings | $786,718 | -3.9% | 4.0% |
Houses | $920,432 | -4.6% | 3.5% |
Units | $629,054 | -2.4% | 5.1% |
Source: Cotality Home Value Index, September 2026. Note: A dwelling includes both houses and units/apartments, so it’s measuring the combined residential property market rather than just detached houses. Gross rental yield is the annual rental income generated by a property expressed as a percentage of its value.
Top 10 Melbourne regions by annual dwelling value growth
Rank | Region | Median value | Annual change |
1 | Sunbury | $725,708 | 2.7% |
2 | Brimbank | $712,104 | 1.5% |
3 | Maribyrnong | $673,786 | 1.1% |
4 | Casey – South | $786,781 | 0.7% |
5 | Melton – Bacchus Marsh | $658,943 | 0.0% |
6 | Keilor | $1,016,243 | -0.5% |
7 | Tullamarine – Broadmeadows | $708,296 | -0.8% |
8 | Wyndham | $685,275 | -0.9% |
9 | Melbourne City | $509,747 | -0.9% |
10 | Casey – North | $828,562 | -0.9% |
Source: Cotality Home Value Index, September 2026. Note: A dwelling includes both houses and units/apartments, so it’s measuring the combined residential property market rather than just detached houses.
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