2 mortgage brokers on BrokerScore are based in West Footscray or serve the area. Together they have 38 reviews with an average rating of 5.0 out of 5.

At the 2021 Census, 35% of homes in West Footscray were owned with a mortgage (Victoria: 36%), 22% were owned outright and 40% were rented. The median mortgage repayment was $2,129 a month and the median rent was $351 a week. With more renters than the VIC average, plenty of locals are working towards buying their first home.

Home ownership figures: ABS 2021 Census, West Footscray Suburb and Locality, used under CC BY 4.0. Mortgage broker figures from BrokerScore, updated October 2026.

Property prices in West Footscray

Median house price$1,245,000▲ 46.9% over 12 months16 sales

Median unit price$392,500▲ 1.2% over 12 months42 sales

5% Deposit Scheme cap$950,000First home buyers

Jan-Mar 2026 quarter. Source: Victorian Property Sales Report, Valuer-General Victoria, CC BY 4.0. Medians move around in suburbs with few sales, so treat them as a guide.

Buying your first home in West Footscray

West Footscray is in the $950,000 price cap area for the Australian Government 5% Deposit Scheme (Melbourne and Geelong). Eligible first home buyers can buy up to that price with a 5% deposit and no lenders mortgage insurance.

Victoria grants and concessions

A First Home Owner Grant for eligible new homes.
A full duty exemption or a duty concession for eligible first home buyers, depending on the property’s value.
Check the State Revenue Office for current amounts and thresholds.

General information only, checked 9 October 2026. Sources: 5% Deposit Scheme price caps, Victoria. Eligibility rules apply, so confirm with a mortgage broker.

Find a first home buyer mortgage broker near West Footscray →

Mortgage broker West Footscray FAQs

How many mortgage brokers are there in West Footscray?

There are 2 mortgage brokers on BrokerScore based in West Footscray or serving the area, plus 53 more within 5 km.

Who are the top rated mortgage brokers in West Footscray?

By BrokerScore, the top rated mortgage brokers in or near West Footscray are Inovayt (6.7), Speaking Finance (6.7) and MCT Financial Solutions (6.7). BrokerScore is a rating out of 10 that reflects reviews and how well a mortgage broker looks after the people who contact them. Mortgage brokers can’t pay to change it.

How much does a mortgage broker cost in West Footscray?

Most mortgage brokers in West Footscray don’t charge you for a standard home loan. They’re usually paid a commission by the lender once your loan settles. Some charge a fee for complex loans, so ask upfront. Every mortgage broker must give you a credit guide that explains how they’re paid and any fees.

What’s the average mortgage repayment in West Footscray?

At the 2021 Census, the median mortgage repayment in West Footscray was $2,129 a month, and 35% of homes were owned with a mortgage. Interest rates and prices have changed since then, so a local mortgage broker can work out what repayments would look like for you today.

How much does a house cost in West Footscray?

In the Jan-Mar 2026 quarter figures from the Victorian Property Sales Report, Valuer-General Victoria, the median house price in West Footscray was $1,245,000 (up 46.9% on a year earlier) and the median unit price was $392,500.

What is the 5% Deposit Scheme price cap in West Footscray?

West Footscray falls under the $950,000 price cap that applies in Melbourne and Geelong. Under the Australian Government 5% Deposit Scheme, eligible first home buyers can buy up to this price with a 5% deposit and no lenders mortgage insurance. Some suburbs span more than one postcode, so confirm with a participating lender or mortgage broker.

Should I use a mortgage broker or go straight to my bank?

A bank can only offer its own home loans. A mortgage broker compares loans from the lenders on their panel. They must act in your best interests, and they handle the paperwork through to settlement.

How do I choose a mortgage broker in West Footscray?

Compare BrokerScores and read recent reviews, check they help with your situation (for example first home buyers, refinancing or self-employed borrowers) and see which lenders they work with. Ask how they’re paid and how many lenders they’ll compare for you. You can message any mortgage broker on this page for free.

Mortgage brokers in suburbs near West Footscray

Mortgage brokers in Braybrook (40)Mortgage brokers in Brooklyn (37)Mortgage brokers in Footscray (105)Mortgage brokers in Kingsville (64)Mortgage brokers in Maidstone (84)Mortgage brokers in Seddon (100)Mortgage brokers in Spotswood (58)Mortgage brokers in Yarraville (61)

All mortgage brokers in Melbourne →

How the list works

The Top Brokers are the three highest BrokerScores in West Footscray or within 15 km.

The Featured mortgage broker is on a paid plan, serves West Footscray and has a BrokerScore of at least 0.0.

Mortgage brokers with an office in West Footscray come next. When fewer than 20 serve West Footscray, we add the closest ones nearby and show how far away they are.

How BrokerScore is calculated →

Buying your first home?

See the grants and schemes for first home buyers in VIC, and find a mortgage broker who helps first home buyers.

First home buyer guide →Thinking of refinancing? →

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