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First Choice Home Loans

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First Choice Home Loans

"Turning dreams into reality with expert mortgage and finance solutions. Begin your path to financial freedom with FCHL."

We are committed to superior levels of customer service and an ongoing professional relationship with our valued clients. We understand that everybody has different needs and circumstances and recognize our customers as individuals. We do our utmost to provide the right advice for our clients and their unique lifestyle. At First Choice Home Loans we offer personalized one to one service in helpin

g you find the loan that is right for you. We will explain, in detail, the different products and features on offer and find the loan that best suits your needs.

04/06/2026

Brisbane emerges as a global luxury property hotspot

Brisbane is quickly establishing itself as one of the world's most dynamic luxury property markets, driven by Olympic infrastructure investment, severe stock shortages and record levels of wealth creation.

According to Knight Frank's Wealth Report, Australia is fourth globally for billionaire growth, projected to rise 77 per cent by 2031, and fifth for ultra-high-net-worth individual growth at nearly 60 per cent. Globally, 89 new ultra-high-net-worth individuals are created each day, supporting sustained demand for luxury assets.

The luxury residential sector is experiencing uneven performance across Australia's major cities. Melbourne has recorded a 4 per cent increase in buying power over five years, while Sydney has declined 5 per cent. Brisbane is down 5 per cent, Perth down 11 per cent, and the Gold Coast down 14 per cent, though the Gold Coast continues to offer the strongest relative value.

Globally, luxury residential prices rose 3.2 per cent in 2025, outperforming mainstream housing markets for a second consecutive year. Within Australia, Perth led luxury price growth at 4.1 per cent, followed by the Gold Coast at 2.8 per cent and Brisbane at 2.1 per cent, while Sydney and Melbourne recorded slight declines.

Brisbane has been identified as a key luxury growth location, supported by Olympic-related infrastructure investment and ongoing urban redevelopment. Planning conditions have enabled fast-tracked development, with top-end apartment prices rising from around $9 million to over $15 million within a 12-month period.

Investor activity has shifted toward Brisbane, overtaking Victoria amid higher taxation settings, while owner-occupier lending has reached record levels.

At the top end of the market, demand is being driven by both migration and demographic changes.

Looking ahead, Brisbane, the Gold Coast and Perth are expected to be the strongest performing luxury markets in 2027, with 2 per cent growth forecast in luxury residential prices. The Knight Frank report found that in Brisbane, $1 million now buys 5 per cent less than it did five years ago, while the Gold Coast has seen the biggest reduction in buying power at 14 per cent but still offers the greatest value for money.

15/05/2026

5 ways to strengthen your home loan application

Lenders assess far more than just your income. Taking a few steps before you apply can make a real difference to your chances of approval.

Check your credit report – Look for errors, defaults or missed payments before a lender does.

Reduce unused credit card limits – Lenders assess cards at their full limit, not just the balance you carry.

Show consistent savings – Regular deposits into a savings account signal good financial habits.

Pay down existing debts – Car loans, personal loans and buy now, pay later balances all reduce your borrowing capacity.

Avoid new credit applications – Multiple enquiries on your credit file in a short period can raise concerns for lenders.

A mortgage broker can review your financial position and help you compare your options before you apply.

08/05/2026

Home value growth slows but remains positive

Australia’s housing market continues to grow, with national home values rising 0.3% in April according to Cotality. While Sydney and Melbourne saw modest monthly dips of 0.6%, most markets are still trending upward.

Perth remains a standout performer, with values up 2.1% in April alone, adding more than $21,000 to the median dwelling value. Brisbane, Adelaide and Darwin also continued to grow, each recording monthly gains above 1%, reflecting the strength of demand across the mid-sized capitals.

Regional markets are also particularly strong, rising 4.2% over the first four months of the year, more than double the 1.8% recorded across the combined capitals. Bunbury in WA led the smaller markets with growth of 9.8% year-to-date, while no regional market saw a decline over the period.

05/05/2026

RBA UPDATE | Effective May 6, 2026

For its May meeting, the Reserve Bank of Australia (RBA) has raised the official cash rate by 0.25 per cent to 4.35 per cent, marking the third consecutive rate rise of 2026. The decision was narrowly split, with eight Board members voting to increase rates and one member voting to hold, highlighting growing concern about the balance between inflation and household pressure. This is the first time the cash rate has sat at 4.35 per cent since the period between November 2023 and February 2025.

According to the RBA, inflation remains uncomfortably high, with global risks – particularly the ongoing conflict in the Middle East – adding to energy costs and broader price pressures. At a household level, the decision has raised renewed concerns about affordability. Interim Finance Brokers Association of Australia CEO, Peter White warned, “I’m not an economist but it’s not rocket science that this affects lower income earners more than anyone else.”

Meanwhile, in the property market, Brisbane is quickly establishing itself as one of the world's most dynamic luxury property markets, driven by Olympic infrastructure investment, severe stock shortages and record levels of wealth creation. Looking ahead, Brisbane, the Gold Coast and Perth are tipped to be the top performing luxury markets in 2027, with 2% growth forecast in prestige residential prices, according to the recent Knight Frank's Wealth Report.

If you're unsure how this change impacts your mortgage or borrowing capacity, a no obligation review with a mortgage broker is worth considering.

The RBA’s next meeting is scheduled for Tuesday, June 16.

01/05/2026

Rightsizers driving boom in prestige apartment market

Australians are increasingly moving from traditional family homes into luxury apartments, driving a boom in the prestige apartment market.

McGrath Research data reveals that the number of prestige apartments sold in 2025 has tripled over the past decade, signalling a sustained shift in buyer preferences toward high-end apartment living.

McGrath CEO John McGrath said the prestige apartment segment has been the strongest performer in recent years.

"Prestige apartments have been the strongest market segment in the last few years as high-net-worth individuals choose luxury, security and lifestyle in apartments over houses," Mr McGrath said.

"Demand has increased dramatically as luxury apartments have gone to a whole new level in design, finishes and amenities."

Queensland has emerged as the leader in this market shift, accounting for 43 per cent of East Coast prestige apartment sales in 2025. NSW followed with 41 per cent, while Victoria captured 16 per cent of the market.

Mr McGrath said Southeast Queensland has become particularly attractive for luxury apartment buyers.

"Southeast Queensland has become the favoured location for many looking for luxury apartment living as pristine beaches and rivers become perfect backdrops for beautiful buildings," he said. "The strongest demand has been for prime locations with easy access to major cities as most buyers in these apartments are still living very active and vibrant lives."

Price growth has been substantial across all major markets. Over the past five years, new prestige apartments have significantly outperformed established units, rising 88 per cent on the Gold Coast, 60 per cent in Brisbane, 34 per cent in Sydney, and 32 per cent in Melbourne.

Analysts attribute this growth to larger floor plans, premium amenities, superior materials, and a historically low supply of new luxury apartments relative to Australia's growing wealthy population.

Michelle Ciesielski, McGrath's National Head of Research, said the industry identified the rightsizing trend early and adapted accordingly.

"After identifying the emerging rightsizing trend in Australia back in 2020, there has been more than double the delivery of apartments with three or more bedrooms, and the average apartment built was one-third larger," Ms Ciesielski said.

By 2028, 40 per cent of apartments in prime regions of Melbourne and Brisbane will likely feature more than three bedrooms, with 34 per cent on the Gold Coast and 31 per cent in Sydney.

Car parking has become a significant value driver. Sydney commands a 62 per cent price premium for three-bedroom apartments with more than four car spaces compared to just one, while Brisbane shows a 47 per cent premium, Gold Coast 46 per cent, and Melbourne 41 per cent.

More than two-thirds of buildings across Sydney, Melbourne, and Brisbane CBDs now feature pools and gyms as standard inclusions.

"Many rightsizers are seasoned global travellers, shaping their expectations for amenities in their new home based on luxury hotel experiences. Australia has a long way to go and developers might consider get this balance right given the more competitive marketplace," Ms Ciesielski said.

Despite strong demand, the cost of delivering premium apartments remains elevated due to rising material prices and a shortage of skilled labour.

"High-net-worth demand for luxury downsizing remains strong, although purchase price and ongoing costs will likely be a decisive factor when giving up the space of a family home," Ms Ciesielski said.

"Our study found that prestige apartments generally incur lower upkeep costs compared to similar quality standalone houses, when sinking funds are appropriately managed."

27/04/2026

Gold Coast rental prices now exceed Sydney as market stabilises

Australia's rental market has shifted from acceleration to consolidation, with lifestyle destinations now commanding higher prices than traditional capital cities.

National weekly house rents have reached $650 and unit rents $625, with annual growth running at 4.8 per cent for houses and 4.2 per cent for units, according to Ray White's latest rental analysis. However, the data reveals some surprising new locations that are seeing very high demand.

The Gold Coast has emerged as the most expensive capital city market for houses, with median weekly rents hitting $950, well above Sydney at $810 and Melbourne at $575. Perth houses now rent for $700 per week, ahead of Brisbane at $675 and Adelaide at $625.

Ray White Chief Economist Nerida Conisbee said the shift represents a big change in the rental landscape.

"This shift in relative affordability is notable," Ms Conisbee said.

"Historically, Sydney and Melbourne have dominated the upper end of the rental market. Today, lifestyle and smaller capital markets are competing at the top of the pricing spectrum."

The Gold Coast is also leading capital city rental growth at 8.6 per cent annually for houses, followed by Hobart and the Sunshine Coast. Perth, Adelaide and Brisbane remain positive but are moderating, while Sydney recorded modest growth of 1.2 per cent and Melbourne edged slightly lower over the past year.

The unit market shows different dynamics. Adelaide is recording double-digit annual growth of 10 per cent, with Perth and Brisbane also posting strong gains. Sydney and Melbourne units are growing at more moderate rates of 4.3 per cent and 3.6 per cent respectively.

Melbourne presents a unique situation among major capitals. While recording the weakest annual rental growth, it is the only major capital where rental growth has outpaced price growth since 2020. House prices have risen 32 per cent over that period, while rents have increased 37 per cent.

"The moderation in capital growth has not translated into lower rents across the cycle," Ms Conisbee said. "Instead, the burden of adjustment has been carried more through income than capital gains."

Regional data shows rental acceleration has become concentrated in specific areas. Several Adelaide regions continue to post double-digit unit growth, Perth's outer-metro house markets are recording firm annual gains, and parts of regional Queensland continue to exceed the national average.

Inner-city unit markets are also stabilising at elevated levels. Parts of inner Melbourne, inner Sydney and Brisbane's inner city have firmed following the post-pandemic rebound in migration and student demand, with vacancy rates remaining tight.

Ms Conisbee said the national picture represents a transition rather than a downturn.

"The surge phase may be behind us, but rents are not retreating nationally. Instead, Australia's rental market is recalibrating, with sharp differences in cost and momentum between cities."

24/04/2026

Why timing matters when applying for equipment finance

When businesses need new equipment, many focus on the price or loan terms. But timing could play a surprisingly important role in how smoothly the finance process goes and how much you ultimately pay.

Here are a few reasons why planning ahead could make a difference.

Supplier discounts could appear at key times – Manufacturers and dealers often run promotions at the end of financial quarters or calendar years.

End-of-year budgets could unlock opportunities – Some suppliers and lenders are more motivated to finalise options as financial years or reporting periods close, which could create favourable pricing or faster approvals.

Lender processing times vary – During busy periods, such as the start of a new year, lenders often receive a surge in applications. Applying early could help avoid delays when businesses need equipment quickly.

Stock availability could change quickly – Popular machinery, vehicles or specialised equipment could sell out fast. Securing finance in advance could help businesses move quickly when the right asset becomes available.

For businesses planning upgrades or expansion, thinking about timing early could help avoid delays and potentially reduce costs. Speak to a finance broker and let them help compare your options.

17/04/2026

Why cash flow matters more than profit for growing businesses

Many business owners focus on profit when reviewing their financial performance. But when it comes to growth and borrowing, cash flow often matters far more.

This is why lenders pay close attention to cash flow when assessing business finance applications.

Cash flow determines repayment ability – Lenders want to see that your business generates enough consistent cash to comfortably meet loan repayments.

Timing matters – If clients take 30, 60 or even 90 days to pay invoices, a profitable business could still experience short-term cash shortages.

Growth could increase pressure – Rapid expansion often means higher upfront costs for staff, stock or equipment before revenue catches up.

Strong cash flow builds lender confidence – Businesses that manage working capital well are often viewed as competitive choice.

If your business is growing, speak to a finance broker, who could help compare your options.

13/04/2026

How to improve your borrowing power before applying for a home loan

If you’re planning to buy a property, your borrowing capacity will likely largely determine how much you could spend. Lenders assess a range of factors when calculating how much you could borrow, and small changes to your finances could sometimes make a meaningful difference.

Here are a few ways borrowers often improve their position before applying.

Reduce credit card limits – Even if you rarely use them, lenders assess your credit cards based on the full limit. Lowering unused limits could improve your borrowing capacity.

Pay down personal debts – Car loans, personal loans and buy now pay later balances could reduce how much you could borrow. Clearing smaller debts could help strengthen your application.

Review your spending – Lenders closely analyse living expenses. Cutting unnecessary subscriptions or discretionary spending could improve serviceability.

Avoid new credit applications – Applying for additional credit before a home loan could impact your credit report and borrowing capacity.

Build a financial buffer – Consistent savings and a healthy bank balance could demonstrate strong financial management to lenders.

A mortgage broker could review your current position and help compare your options.

10/04/2026

5 common mistakes to avoid when applying for car finance

Getting car finance could feel straightforward, but small mistakes during the application process could end up costing far more over the life of the loan. If you're planning to finance your next car, avoiding a few common pitfalls could help you secure a better option and avoid unnecessary stress.

Here are five mistakes to watch out for.

Not checking your credit score first – Your credit history plays a big role in loan approval and interest rates. Checking your score beforehand could help you understand what lenders will likely see and whether you may qualify for better terms.

Ignoring fees and charges – Interest rates often get the attention, but establishment fees, account-keeping charges and early repayment penalties could add significantly to the total cost of a loan.

Not comparing lenders – Banks, credit unions, online lenders and dealership finance could all offer different rates and conditions. Talk to a finance broker and let them help compare your options.

Focusing only on the monthly repayment – A competitive monthly payment may simply mean a longer loan term. It’s important to consider the full cost of the loan over time.

Rushing the paperwork – Always read the loan terms carefully. Taking time to understand the agreement could help avoid unexpected conditions or costs later on.

Address

551 Plenty Road
Preston, VIC
3072

Opening Hours

Monday	10am - 6pm
Tuesday	10am - 6pm
Wednesday	10am - 6pm
Thursday	10am - 6pm
Friday	10am - 6pm

Telephone

+611800003245

Website

http://www.fchl.com.au/

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