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Compare home loans in Canberra from 1.77%
Find home loans from a wide range of Australian lenders that best suit your needs, whether you're investing, refinancing or looking to buy your first home. Compare interest rates, mortgage repayments, fees and more.
Find and compare Canberra home loans
Product | Advertised Rate 2.09% Fixed - 3 years | Comparison Rate* 2.43% | Company ![]() | Repayment $1,285 monthly | Features Redraw facility Offset Account Borrow up to 70% Extra Repayments Interest Only Owner Occupied | Go to site | Owner occupiers with deposits of 30% or more can lock in a low fixed rate for three years, with no ongoing fees. More details | Highlighted | |
Advertised Rate 2.34% Variable | Comparison Rate* 2.34% | Company ![]() | Repayment $1,322 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | With a discounted variable interest rate and no upfront or ongoing fees, you may be able to minimise the cost of your owner-occupied home loan. More details | |||
Advertised Rate 2.19% Variable | Comparison Rate* 2.19% | Company ![]() | Repayment $1,299 monthly | Features Redraw facility Offset Account Borrow up to 60% Extra Repayments Interest Only Owner Occupied | Go to site | The more of your home you pay off, the lower your rate could be. This low rate is avialbe for borrowers with equity of 40% or more. More details | |||
Advertised Rate 2.54% Variable | Comparison Rate* 2.55% | Company ![]() | Repayment $1,352 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Bundle your home loan and transaction account for discounts on rates, fees, and insurance offers. | Winner of Best large bank home loan, RateCity Gold Awards 2020 More details | ||
Advertised Rate 2.48% Variable | Comparison Rate* 2.50% | Company ![]() | Repayment $1,343 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Winner of Best variable, RateCity Gold Awards 2020 More details | |||
Advertised Rate 2.59% Variable | Comparison Rate* 2.60% | Company ![]() | Repayment $1,359 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 2.04% Fixed - 3 years | Comparison Rate* 2.73% | Company ![]() | Repayment $1,277 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Winner of Best 3 year fixed pi, RateCity Gold Awards 2020 More details | |||
Advertised Rate 2.09% Variable | Comparison Rate* 2.12% | Company ![]() | Repayment $1,285 monthly | Features Redraw facility Offset Account Borrow up to 70% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 2.29% Fixed - 3 years | Comparison Rate* 3.13% | Company ![]() | Repayment $1,314 monthly | Features Redraw facility Offset Account Borrow up to 95% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 1.94% Variable | Comparison Rate* 1.98% | Company ![]() | Repayment $1,263 monthly | Features Redraw facility Offset Account Borrow up to 60% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 2.19% Fixed - 5 years | Comparison Rate* 3.09% | Company ![]() | Repayment $1,299 monthly | Features Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 2.59% Variable | Comparison Rate* 2.63% | Company ![]() | Repayment $1,359 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 2.55% Fixed - 1 year | Comparison Rate* 3.21% | Company ![]() | Repayment $638 monthly | Features Redraw facility Offset Account Borrow up to 79.9999% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Advertised Rate 2.84% Variable | Comparison Rate* 2.46% | Company ![]() | Repayment $710 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 2.55% Variable | Comparison Rate* 2.60% | Company ![]() | Repayment $1,353 monthly | Features Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Advertised Rate 2.94% Variable | Comparison Rate* 3.34% | Company ![]() | Repayment $1,413 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 3.39% Variable | Comparison Rate* 3.59% | Company ![]() | Repayment $1,484 monthly | Features Redraw facility Offset Account Borrow up to 85% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Product | Advertised Rate 2.84% Variable | Comparison Rate* 2.68% | Company ![]() | Repayment $710 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Advertised Rate 2.74% Variable | Comparison Rate* 2.74% | Company ![]() | Repayment $1,382 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 2.79% Fixed - 3 years | Comparison Rate* 4.46% | Company ![]() | Repayment $698 monthly | Features Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied | Go to site | More details |
$1,122
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What should I know about Canberra?
Canberra was designed from the ground up to be Australia’s capital, as a compromise between Sydney and Melbourne. While geographically located in regional New South Wales, Canberra is located politically in the Australian Capital Territory.
Canberra’s regional location and national significance make it unique among Australia’s capital cities. Canberra is home to Parliament House and other cultural landmarks, as well as a population of metropolitan professionals and regional workers.
What aspects of the city influence home loans in Canberra?
Being home to Australia’s federal government, as well as a variety of other national institutions, a significant percentage of Canberra’s residents are steadily employed in the public sector. This can allow property investors to benefit from a relatively strong and stable rental market.
However, due to demand for Canberra’s relatively limited housing supply, its median property prices are often the third highest in the country, following Sydney and Melbourne. Buying a home in Canberra may require a larger loan that costs you more than you expect.
How does Canberra compare to other major cities in Australia?
While there are some light industrial areas in Canberra, the city may be best known for central metropolitan areas, and the political, historical and cultural institutions they house.
Canberra is less densely populated than other Australian capitals like Sydney and Melbourne. With generally more demand for detached housing than for high rise unit developments, values for Canberra houses have historically seen slightly stronger growth than Canberra units.
Additionally, the relatively small size of the ACT and the close regulation of land supply by the government mean that property development opportunities in Canberra are relatively limited.
What do I need to know about getting a home loan in Canberra?
If you expect it would be easier to buy a home in Canberra than in Sydney or Melbourne, you may be surprised. With a relatively limited supply of housing, and strong demand from the higher-income professionals in the public sector workforce, house prices in Canberra are often higher than in many of the other capitals.
The closer you get to Parliament House at the centre of Canberra, the higher the typical property prices, with suburbs like Forrest, Griffith, Red Hill and O’Malley often seeing multi-million dollar houses. Some of the more affordable areas can be found in Canberra’s inner north, as well as outer areas like Belconnen.
Where can I get help finding a home loan in Canberra?
If you could use a hand navigating the Canberra mortgage market, consider searching for a local mortgage broker, who can offer you the benefits of their local knowledge. These mortgage experts can help you compare home loans from different banks and mortgage lenders, negotiate with the bank on your behalf to help you get a better deal, and even take care of much of the application process for you. With a Canberra mortgage broker’s help, you can expect to enjoy a stress-free home loan search and application process.
Mark Bristow
Senior Financial Writer
Mark Bristow is a senior financial writer for RateCity and an experienced analyst, researcher, and producer. Working for over ten years, Mark previously wrote and researched commercial real estate at CoreLogic, and has seen articles published at Lifehacker and Business Insider, among others. Most recently, Mark has joined RateCity working across finance as a whole. Whatever the topic, Mark’s goal is always to provide simple solutions to complex problems.