At the 2021 Census, 49% of homes in Riddells Creek were owned with a mortgage (Victoria: 36%), 38% were owned outright and 11% were rented. The median mortgage repayment was $2,000 a month and the median rent was $400 a week. With more homes under a mortgage than the VIC average, a regular loan review is worth doing for many locals.

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

Property prices in Riddells Creek

Median house price$777,500▼ 3.4% over 12 months12 sales

5% Deposit Scheme cap$950,000First home buyers

Jan-Mar 2026 quarter. Source: Victorian Property Sales Report, Valuer-General Victoria, CC BY 4.0. Medians move around in suburbs with few sales, so treat them as a guide.

Buying your first home in Riddells Creek

Riddells Creek is in the $950,000 price cap area for the Australian Government 5% Deposit Scheme (Melbourne and Geelong). Eligible first home buyers can buy up to that price with a 5% deposit and no lenders mortgage insurance.

Victoria grants and concessions

A First Home Owner Grant for eligible new homes.
A full duty exemption or a duty concession for eligible first home buyers, depending on the property’s value.
Check the State Revenue Office for current amounts and thresholds.

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

Find a first home buyer mortgage broker near Riddells Creek →

Mortgage broker Riddells Creek FAQs

How many mortgage brokers are there in Riddells Creek?

There are 0 mortgage brokers on BrokerScore based in Riddells Creek or serving the area, plus 13 more within 15 km.

Who are the top rated mortgage brokers in Riddells Creek?

By BrokerScore, the top rated mortgage brokers in or near Riddells Creek are Aussie Sunbury (6.2), Yellow Brick Road Sunbury - Warren West (6.1) and Aussie Gisborne (5.7). 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 Riddells Creek?

Most mortgage brokers in Riddells Creek 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 Riddells Creek?

At the 2021 Census, the median mortgage repayment in Riddells Creek was $2,000 a month, and 49% 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.

How much does a house cost in Riddells Creek?

In the Jan-Mar 2026 quarter figures from the Victorian Property Sales Report, Valuer-General Victoria, the median house price in Riddells Creek was $777,500 (down 3.4% on a year earlier).

What is the 5% Deposit Scheme price cap in Riddells Creek?

Riddells Creek falls under the $950,000 price cap that applies in Melbourne and Geelong. 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 Riddells Creek?

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.

Mortgage brokers in suburbs near Riddells Creek

Mortgage brokers in Gisborne (13)Mortgage brokers in Gisborne South (16)Mortgage brokers in New Gisborne (6)Mortgage brokers in Winter Valley (16)

All mortgage brokers in Melbourne →

How the list works

The Top Brokers are the three highest BrokerScores in Riddells Creek or within 15 km.

The Featured mortgage broker is on a paid plan, serves Riddells Creek and has a BrokerScore of at least 0.0.

Mortgage brokers with an office in Riddells Creek come next. When fewer than 20 serve Riddells Creek, we add the closest ones nearby and show how far away they are.

How BrokerScore is calculated →

Buying your first home?

See the grants and schemes for first home buyers in VIC, and find a mortgage broker who helps first home buyers.

First home buyer guide →Thinking of refinancing? →

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