Oxygen Home Loans

Home loans made simple.

We offer a home loan brokerage service for our Clients through our award-winning Oxygen Home Loans. Our simple value proposition is we provide you with the highest quality advice, the most competitive loan products, in the fastest time possible.

Oxygen has won Best Broker Group 2014, Major Brokerage of the Year 2012 and the Australian Brokerage of the Year 2011.

McGrath Oxygen Home Loans Pty Ltd
ACN 103 177 377
Australian Credit Licence Number 390351

We’ll set up a meeting

We’ll go through the available loans with you

We’ll help you with the paperwork

We’ll guide you from start to finish

Then it’s time to sign your loan contract

We’re there for you, whenever you need


Use our calculators as a quick guide for how much you can borrow, stamp duty and repayments.

O2HL Calculators

First Home Buyers

For those new to the property market, let us help you get started.

How much money can I borrow?

This depends on your personal situation and will differ between lenders. Use our home loan calculator to get an idea of how much you can borrow and what the repayments would be. Talk with an Oxygen broker to understand what your borrowing power would be, and what types of loans would suit your needs.

How much deposit will I need?

If you are going to live in the home, you’ll usually need at least 5% to 10% of the purchase price, plus savings to cover the cost of buying and moving. However, if you have less than 20% deposit you’ll need to pay Lender’s Mortgage Insurance, which will add to the cost of your loan. If you are an investor, you’ll typically need at least 10% of the purchase price.

What are the other costs involved in buying a home?

Remember to factor in stamp duty, building inspections, conveyancing and solicitor fees. You’ll also need some savings to cover the cost of moving, and any urgent repairs or improvements you may need to make to your new home before moving in.

What is Lender’s Mortgage Insurance (LMI)?

If you have less than 20% deposit you’ll need to pay Lender’s Mortgage Insurance. It’s a flat, one-off fee that is added to the cost of your loan. It protects the lender if for some reason you can’t meet your loan repayments – and it allows you to buy your home sooner, even if you don’t have quite enough saved for a deposit.

Am I eligible for the First Home Owner’s Grant?

The First Home Owner Grant scheme is a one-off payment to help eligible first home owners with purchase or construction costs. The amount varies by state or territory and ranges from $5,000 up to $25,000. This can make a big difference when you’re buying your first home - check the requirements for your state here .

How much do I need for stamp duty?

Stamp duty is a state government tax based on your property's selling price, and can be a significant extra cost. Each state or territory has different rules – some states offer discounts to first home buyers. Use our stamp duty calculator to work out how much stamp duty you need to pay.

How do I get loan pre-approval?

When you find the perfect home, you need to move quickly. An Oxygen broker can arrange fast pre-approval, so you can be confident when you’re bidding at auction or negotiating an offer.


From refinancing to reducing your interest, we have the answers right here.

How can I own my home sooner?

Making some relatively small but regular extra payments can make a big difference. For example, instead of pocketing the difference if the RBA cuts rates, keep paying the higher amount. You could pay your loan off a few years early – and reduce the total interest you pay. If you make your mortgage payments fortnightly rather than monthly, you’ll actually make an extra payment or two every year. It can really add up! Some loans offer an offset account – if you put your savings and any unexpected windfalls here, it will reduce the interest you pay over the life of your loan.

How do I know which home loan is right for me?

Choosing the right home loan is about more than just finding the most competitive interest rate. An Oxygen broker can help you work out the best loan for your current and future needs. It’s important to think about how quickly you want to pay off the loan, how much certainty you need with your loan repayments, how secure your job is, and whether you might want to draw back some of your repayments in the future (such as for a renovation).

Should I choose a fixed or variable interest rate?

Fixed rates provide certainty – typically your repayments will be fixed to a specific interest rate for between two and five years. But these loans usually don’t let you make extra repayments or use an offset account. Variable home loans give you more flexibility – but if the RBA announces an interest rate rise, your repayments will go up. Some lenders will let you split your home loan between the two options, to get the features you want with some predictability.

When is it worth refinancing?

If you don’t think your current home loan is meeting your needs, it's worth chatting to an Oxygen broker to see if it makes sense to refinance. Sometimes you can refinance with your current lender to get a better rate or lower fees and in other cases it may be worth switching banks to get the features you want. There may be costs involved in switching banks – such as a property valuation or exit fees on your current loan. We’ll help you weigh up the pros and cons.

What if my personal or financial circumstances change?

Life is full of changes. You may be changing employment, starting a family, thinking about taking time off to travel or considering a major home renovation … all these things could affect whether your home loan is still right for you, so it’s a good idea to let your Oxygen broker know. They may be able to help you refinance or even take a payment holiday.

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