At the 2021 Census, 56% of homes in Ross Creek were owned with a mortgage (Victoria: 36%), 39% were owned outright and 4% were rented. The median mortgage repayment was $1,733 a month and the median rent was $310 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, Ross Creek Suburb and Locality, used under CC BY 4.0. Mortgage broker figures from BrokerScore, updated October 2026.

Buying your first home in Ross Creek

Ross Creek is in the $650,000 price cap area for the Australian Government 5% Deposit Scheme (the rest of Victoria). 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.

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Mortgage broker Ross Creek FAQs

How many mortgage brokers are there in Ross Creek?

There is 1 mortgage broker on BrokerScore based in Ross Creek or serving the area, plus 17 more within 15 km.

Who are the top rated mortgage brokers in Ross Creek?

By BrokerScore, the top rated mortgage brokers in or near Ross Creek are Real Estate Home Loans (6.5), Loan Market Bakery Hill - Matthew Farrell (6.3) and Mortgage Choice Ballarat Central - Stephen Britton (6.2). 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 Ross Creek?

Most mortgage brokers in Ross 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 Ross Creek?

At the 2021 Census, the median mortgage repayment in Ross Creek was $1,733 a month, and 56% 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 Ross Creek?

Ross Creek falls under the $650,000 price cap that applies in the rest of Victoria. 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 Ross 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.

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