Is Canberra a good place to buy property?

Canberra offers exceptional fundamentals for property buyers: the highest median household income in Australia, strong public sector employment, and a tight rental market. Property values have been consistently supported by government employment and limited land supply. Canberra is particularly attractive for investors seeking stable, long-term tenants.

How much deposit do I need to buy in Canberra?

For Canberra's median house price of $960,000, a 20% deposit is $192,000. Many buyers use the First Home Guarantee (5% deposit, no LMI) or the ACT's Home Buyer Concession Scheme to reduce upfront costs. The ACT Land Rent Scheme can also significantly reduce the purchase price and deposit required.

What is the ACT Home Buyer Concession Scheme?

The ACT Home Buyer Concession Scheme provides a full stamp duty exemption for eligible home buyers in the ACT. Unlike most states, the ACT concession applies to both new and established homes. Income caps and property value caps apply — check current thresholds with your Fairbanks broker.

What is the ACT Land Rent Scheme?

The ACT Land Rent Scheme allows eligible buyers to rent the land from the ACT government instead of purchasing it outright. This significantly reduces the purchase price and deposit required. You own the house but pay an annual land rent to the ACT government. It's a unique option not available in other states.

Are Canberra public servants good candidates for home loans?

Yes — Canberra's public sector workforce is highly regarded by lenders due to job security, consistent income, and strong superannuation. Many lenders offer preferential assessment for APS employees. Your Fairbanks broker will identify lenders who view your employment most favourably.

Canberra, Australian Capital Territory

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Canberra

Name: Fairbanks Financial — Mortgage Broker Canberra
Address: Canberra, ACT, AU
Telephone: +611300187610
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Canberra Property Market

The Canberra market — what you need to know

$960Kmedian house price — Canberra 2026

Canberra median house price sits at $960,000 in 2026, underpinned by strong public sector employment.
Canberra has the highest median household income of any Australian capital city — averaging $120,000+.
ACT government employment provides exceptional job security, making Canberra borrowers highly attractive to lenders.
Canberra's rental market is tight, with vacancy rates below 1.5% and gross yields of 4–5% for houses.
The ACT offers a unique land rent scheme as an alternative to purchasing land outright — reducing upfront costs.