Find a Mortgage Broker in Canberra

Information verified correct on December 8th, 2016

Get the financing you need to buy the home you want in Canberra with help from an experienced mortgage broker.Mortgage Broker Canberra Feature

The national capital of Canberra combines all the features of a big city with relaxing, natural bushland surrounds. Known as "the bush capital", Canberra has a population of more than 380,000, making it the largest inland city in Australia. And even though it’s home to many politicians, it’s still a great place to live for singles, couples, families and the elderly.

If you’re in the market for a home loan to help you buy property in Canberra, a mortgage broker can offer the advice and expertise you need to find the perfect mortgage.

Which brokers have offices in Canberra?

Broker Details No. of Lenders
Aussie Home Loans Details and Application
Aussie Home Loans

Aussie is one of Australia's leading financial service providers, having won The Adviser’s Top Mortgage Broker award for the last 3 years. They charge no appointment fees and can meet at a time and place which suits you.

20 Enquire
More info
Online Home Loans Details and Application
Online Home Loans

Online Home Loans is a mortgage broker service designed to help Australian borrowers find the right home loan – and do it all online.

Enquire
More info
iConnect Financial Services
iConnect Financial

iConnect has hundreds of loans available through more than 40 lenders in Australia to choose from to find the home loan that is right for you.

40+ Enquire
More info

Other brokers

  • Loan Market
  • Smartline Personal Mortgage Advisers
  • ProMortgage
  • The Home Loan Centre
  • Beresfords Personal Wealth Management
  • Trilogy Funding
  • Oak Laurel
  • Dominion Finances

What are the main suburbs within Canberra?

Mortgage Brokers Canberra Map

Source: Google Maps

1. Kambah

Sitting at the northern tip of the Tuggeranong district, Kambah is located right next door to the Canberra Nature Park. It is home to a country club, two shopping centres and several primary and secondary schools.

The population of Kambah is 15,447, with the two largest demographic groups being older couples and families (27.7%) and established couples and families (15.8%). The median weekly household income in the suburb is $1,861.

The median house price in Kambah is $505,500, annual capital growth is 4.71% and gross rental yield is 4.63%.

2. Ngunnawal

Named in honour of the original Indigenous inhabitants of the area, Ngunnawal is found 13km to the north of Canberra’s CBD. It features two shopping centres, a number of local schools and a population of 8,981.

Maturing couples and families and established couples and families are the two largest demographic groups in Ngunnawal, respectively making up 21.4% and 20.3% of the population. The median weekly household income in the suburb is $1,795.

The median house price in the suburb is $429,000, annual capital growth is 3.76% and gross rental yield is 4.85%.

3. Wanniassa

Located in the southern district of Tuggeranong, Wanniassa is home to a population of 7,786. It also features a large shopping centre, a leisure centre and several schools and churches.

The two largest demographic groups in the suburb are older couples and families (29.6%) and established couples and families (14.0%). The median weekly household income is $1,896.

Wanniassa’s median house price is $513,000, annual capital growth is 4.67% and gross rental yield is 4.56%.

4. Gordon

Named after poet Adam Lindsay Gordon and located in the Tuggeranong district, Gordon was established in 1990. Featuring several streets named after famous sportspeople, it has a population of 7,763.

The median weekly household income in Gordon is $1,978. The two largest demographic groups in the suburb are established couples and families (29.5%) and older couples and families (16.2%).

The median house price in Gordon is $527,500, annual capital growth is 3.22% and gross rental yield is 4.44%.

5. Kaleen

Located in the district of Belconnen, Kaleen is home to two small shopping centres and three schools. Home to an extensive network of bicycle paths, Kaleen has a population of 7,313.

Older couples and families and established couples and families are the two largest demographic groups in the suburb, making up 29.0% and 15.1% of the population respectively. The median weekly household income in Kaleen is $1,948.

The median house price is $582,500, annual capital growth is 5.22% and gross rental yield is 4.11%.

Buying property in Canberra

If you want to buy property in Canberra, keep the following factors in mind:

  • Property prices. In the 10 years from 2005 to 2015, the median house price in Kambah (Canberra’s largest suburb in terms of population) increased from $325,000 to $500,000. During the same period, unit prices rose from $265,000 to $415,000.
  • Price prediction. TheHousing Industry Association’s September Outlook Report predicted that Canberra house values would rise by 9.9% in the 2015-16 period. A 20.8% increase was then forecast for 2016-17.

Suburb property prices in Canberra

Kambah

Mortgage broker Canberra - Kambah

Source: APM PriceFinder

From 2014 to 2015, Kambah’s median house price increased from $475,000 to $500,000.

Ngunnawal

Mortgage broker Canberra - Ngunnawal

Source: APM PriceFinder

From 2014 to 2015, Ngunnawal’s median house price rose from $331,500 to $415,000.

Wanniassa

Mortgage broker Canberra - Wanniassa

Source: APM PriceFinder

The median house price in Wanniassa increased from $500,975 in 2014 to $513,000 in 2015.

Gordon

Mortgage broker Canberra - gordon

Source: APM PriceFinder

From 2014 to 2015, Gordon’s median house price decreased from $525,000 to $490,000.

Kaleen

Mortgage broker Canberra - Kaleen

Source: APM PriceFinder

Kaleen’s median house price increased from $548,500 in 2014 to $590,000 in 2015.

What will a typical mortgage cost in Canberra?

The median house price in Canberra’s most populous suburb of Kambah is $505,500, which means a 20% deposit of $101,100 would be required for most home loans. If you borrowed the remaining $404,400 at an interest rate of 4.50% p.a. for 25 years, your fortnightly repayments would be $1,036.87 and the total cost of the loan would be $673,968.37.

If you wanted to purchase a unit at the median price of $370,000, a 20% deposit of $74,000 would be required. Borrowing the remaining $296,000 at the terms listed above would lead to fortnightly repayments of $758.94 and a total cost of $493,310.18.

How is a mortgage broker paid?

Mortgage brokers receive commissions from lenders for generating new business. They are paid an initial commission when you first take out a loan and a trailing commission each year that you still owe money on your mortgage. But if you decide to refinance your loan with another lender, the broker will have to pay a clawback commission fee to the first lender.

Find out how brokers get paid

How does a mortgage broker work?

A mortgage broker has a legal duty of care to take all reasonable steps to match you with a loan you can afford to repay and that suits your requirements. After sitting down with you to discuss your financial situation and how much you would like to borrow, a broker can then present you with a choice of loans from their panel of lenders.

Find out all you need to know about the broking process

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