Mortgage broker in Reservoir

Buying or refinancing in Reservoir

Reservoir is Darebin's biggest suburb: post-war brick homes on big blocks, Edwardes Lake and the Broadway shops, three stations on the Mernda line and a wave of townhouses replacing the older houses. First home buyers who missed Preston come here.

First home buyers are the biggest group of Reservoir clients, with investors and dual-occupancy builders behind them. A lot of Reservoir houses sit under the Victorian duty threshold and all of them under the First Home Guarantee cap, so the deposit maths works better here than almost anywhere else this close to the city.

Transport and access: Reservoir, Regent and Ruthven stations on the Mernda line, Plenty Road and Broadway buses, the Western Ring Road at Plenty Road.

How we work with Reservoir clients

Reservoir is about 19 km from the office, so the first chat can be at Maple Street, at your home, or on video, whichever suits. Thirty minutes is enough. You leave with a borrowing figure, the schemes you qualify for and a written plan. Documents go through a secure portal, we lodge with the lender you choose, and the team chases every step to settlement. Many Reservoir clients have been with us through two or three loans.

What Reservoir clients come to us for

• First home buyer loans
• Home loans and upgrades
• Refinancing and rate reviews
• Investment loans
• Construction and renovation loans
• SMSF loans

What Victorian buyers should know in 2026

First home buyers in Victoria pay no stamp duty on a home valued at $600,000 or less, and a reduced amount on a sliding scale up to $750,000. The $10,000 First Home Owner Grant applies to a new home valued at $750,000 or less. The federal First Home Guarantee lets eligible buyers purchase with a 5% deposit and no lenders mortgage insurance, with a price cap of $950,000 in Melbourne and Geelong and $650,000 in the rest of the state.

Everyone else pays the general rate: $2,870 plus 6% of the price above $130,000 up to $960,000, then a flat 5.5% to $2 million. On a $900,000 home that is $49,070, paid at settlement and not funded by the lender. Our stamp duty calculator runs the current bands and concessions.

None of this is personal credit advice. Your situation is assessed before any recommendation, the lender is chosen on the written comparison, and the commission we are paid by the lender is disclosed in your Credit Guide before you decide anything.