In short: GNT Finance is a mortgage broker in the City of Hume, a short drive from Tullamarine. We arrange first home buyer loans on established homes, construction finance for knockdown-rebuilds and dual-occupancy projects, refinancing and loans for airport and logistics workers, in person at our Mickleham office or by phone and video. There is no cost to you for our home-loan service in most cases.
Tullamarine is one of the few suburbs where we can offer a genuinely local, face-to-face service. It sits in the same municipality as our office, and the housing here suits buyers who want a solid brick house on a real block within 16 kilometres of the city.
Buying in Tullamarine: what stands out
Tullamarine grew up in the 1960s and 70s alongside Melbourne Airport, and much of the stock still dates from then: three-bedroom brick veneer homes on 550 to 700 square metre blocks, many with a garage and room for a second dwelling. Gladstone Park and Westmeadows are the neighbours, Broadmeadows station is the nearest train, and the Tullamarine Freeway, CityLink and Western Ring Road put the CBD about 20 to 25 minutes away outside peak.
Employment is dominated by the airport and the freight, logistics and car-rental businesses around it, along with the industrial estates on Sharps Road. That means a lot of shift workers, owner-drivers and contractors, whose income needs careful presentation to a lender.
One local quirk: parts of Tullamarine sit under the Melbourne Airport Environs Overlay. Lenders do not usually penalise a property for aircraft noise, but the overlay can restrict what you build or extend, so check the planning controls before you buy a block with a rebuild in mind.
The loans that suit Tullamarine buyers
| Buyer | Common approach | Notes |
|---|---|---|
| First home buyer, established home | First Home Guarantee 5% deposit plus duty concession | Homes between $600,001 and $750,000 get a sliding duty discount |
| Owner wanting a new home on the same block | Knockdown-rebuild construction loan | Duty is not payable again; FHOG does not apply to existing owners |
| Owner of a large block | Dual-occupancy construction loan | Planning permit and fixed-price contract required |
| Airport shift worker or contractor | Standard or self-employed loan | Overtime, allowances and ABN income treated differently by lender |
Our construction loans page explains progress payments, and the house-and-land vs established guide compares the two paths.
Worked example: a couple's first home on a full block
Say a couple buys a three-bedroom brick veneer on 640 square metres for $720,000, their first property, to live in.
- General duty: $2,870 plus 6% of $590,000, which is $38,270.
- First home buyer concession: $38,270 multiplied by $120,000 over $150,000, so about $30,616. The saving is smaller here than on a home under $600,000, which is worth knowing when you compare properties on either side of that line. Run it through the stamp duty calculator.
- Deposit under the First Home Guarantee: 5% of $720,000, or $36,000, no LMI. Tullamarine is well under the $950,000 Melbourne cap.
- Loan: $684,000. For illustration, at 6.00% p.a. over 30 years the repayment is about $4,101 a month.
Under the APRA buffer the lender assesses the loan at 9.00%, and shift allowances or overtime are often only counted at 80% or need a two-year history. We check your payslips against each lender's policy before you make an offer.
Rebuilds, dual-occupancy and refinancing
If you already own in Tullamarine, the block may be worth more than the house. A knockdown-rebuild uses a construction loan secured against your existing title, with your current mortgage refinanced into it. A dual-occupancy build, where you keep the front house and build behind it, works the same way but needs a planning permit and, if you plan to sell one, a subdivision. We arrange both and model the finished value with the lender's valuer early, so you know the loan will stack up.
For owners with no building plans, refinancing is often overdue. Long-held loans drift above market, and the refinance calculator shows what a switch is worth.
Working with GNT Finance from Tullamarine
Our office at 23 Astbury Crescent, Mickleham is about 15 minutes up the Hume Freeway. Tullamarine clients are welcome to come in, and we also visit you for signings or run everything by phone and video if that suits shift patterns better.
Gorakh Timilsina, our founder, assessed hundreds of applications as a senior credit officer before starting GNT Finance, and treats income presentation as the difference between approval and decline. Airport workers with variable rosters and contractors with ABN income benefit most from that experience. We speak English, Nepali and Hindi.
Nearby suburbs
We also serve Broadmeadows, Glenroy, Essendon, Greenvale, Mickleham and Sunbury. See the full list on our locations page.
Frequently asked questions
Does living under the flight path affect my home loan?
Not in most cases. Lenders rely on the valuer, and valuers in Tullamarine price in aircraft noise as a matter of course, so it is already reflected in the sale price you agree to. The overlay matters more for planning: it can limit extensions and second dwellings, so check the controls with council before buying a block to redevelop.
Can I get the First Home Owner Grant on a knockdown-rebuild in Tullamarine?
Only if you have never owned property, the new home is your first home and the total value is $750,000 or less. Existing owners rebuilding on their own land are not eligible. First home buyers who buy a block, demolish and build can qualify, and duty is only payable on the land purchase.
How do lenders treat airport shift work and overtime?
Policies vary. Some lenders take 100% of regular overtime and shift allowances with a two-year history; others count 80% or only base pay. Casual employment usually needs six to twelve months in the role. We match your payslips and group certificate to the lender whose policy counts the most of your income.
Can I visit your office from Tullamarine?
Yes. Mickleham is a straightforward drive up the Hume Freeway from Tullamarine, and we book in-person appointments during business hours and some evenings. If you would rather not travel, we come to you for signings or handle the whole application electronically, which suits airport rosters.
Talk to GNT Finance
For a first home on a full block, a rebuild or a better rate on an old loan, we are close enough to sit down with you and work through it. Book a free consultation or call 0426 403 703.
Written by Gorakh Timilsina
Founder, CEO & Senior Mortgage Consultant at GNT Finance. Gorakh started as a broker assistant, spent years as a senior credit officer assessing loan applications, and now helps Melbourne families get the right loan approved. English, Nepali and Hindi spoken.