At the 2021 Census, 21% of homes in Belconnen were owned with a mortgage (the ACT: 40%), 11% were owned outright and 64% were rented. The median mortgage repayment was $1,517 a month and the median rent was $430 a week. With more renters than the ACT average, plenty of locals are working towards buying their first home.

Home ownership figures: ABS 2021 Census, Belconnen Suburb and Locality, used under CC BY 4.0. Mortgage broker figures from BrokerScore, updated October 2026.

Buying your first home in Belconnen

Belconnen is in the $1,000,000 price cap area for the Australian Government 5% Deposit Scheme (the ACT). Eligible first home buyers can buy up to that price with a 5% deposit and no lenders mortgage insurance.

Australian Capital Territory grants and concessions

From 1 July 2026, first home buyers, and people who haven’t owned property in the past five years, can pay no stamp duty, with no income test or price cap.
The ACT no longer pays a First Home Owner Grant. Check eligibility with the ACT Revenue Office.

General information only, checked 9 October 2026. Sources: 5% Deposit Scheme price caps, Australian Capital Territory. Eligibility rules apply, so confirm with a mortgage broker.

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Mortgage broker Belconnen FAQs

How many mortgage brokers are there in Belconnen?

There are 6 mortgage brokers on BrokerScore based in Belconnen or serving the area, plus 51 more within 10 km.

Who are the top rated mortgage brokers in Belconnen?

By BrokerScore, the top rated mortgage brokers in or near Belconnen are Clarity Home Loans (6.7), Loan Market Belconnen - Nitish Kumar (6.7) and Trilogy Funding (6.7). BrokerScore is a rating out of 10 that reflects reviews and how well a mortgage broker looks after the people who contact them. Mortgage brokers can’t pay to change it.

How much does a mortgage broker cost in Belconnen?

Most mortgage brokers in Belconnen don’t charge you for a standard home loan. They’re usually paid a commission by the lender once your loan settles. Some charge a fee for complex loans, so ask upfront. Every mortgage broker must give you a credit guide that explains how they’re paid and any fees.

What’s the average mortgage repayment in Belconnen?

At the 2021 Census, the median mortgage repayment in Belconnen was $1,517 a month, and 21% of homes were owned with a mortgage. Interest rates and prices have changed since then, so a local mortgage broker can work out what repayments would look like for you today.

What is the 5% Deposit Scheme price cap in Belconnen?

Belconnen falls under the $1,000,000 price cap that applies in the ACT. Under the Australian Government 5% Deposit Scheme, eligible first home buyers can buy up to this price with a 5% deposit and no lenders mortgage insurance. Some suburbs span more than one postcode, so confirm with a participating lender or mortgage broker.

Should I use a mortgage broker or go straight to my bank?

A bank can only offer its own home loans. A mortgage broker compares loans from the lenders on their panel. They must act in your best interests, and they handle the paperwork through to settlement.

How do I choose a mortgage broker in Belconnen?

Compare BrokerScores and read recent reviews, check they help with your situation (for example first home buyers, refinancing or self-employed borrowers) and see which lenders they work with. Ask how they’re paid and how many lenders they’ll compare for you. You can message any mortgage broker on this page for free.

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