Mortgage Calculator — Australian Capital Territory, Australia
Pre-filled with Australian Capital Territory's average home price of A$840000, council rates of A$2800/year, and a standard variable rate of 5.8%. Adjust any value below.
APRA Serviceability Buffer: Australian lenders assess your loan at 9.24% (your rate + 3% buffer). You must demonstrate repayment capacity at this higher rate, even though your actual repayments are based on 5.7%.
1 Loan Details
2 Ongoing Costs (Australian Capital Territory averages pre-filled)
Include LMI
Required when deposit < 20% (LVR > 80%)
Estimated Monthly Repayment
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Enter your loan details to see your repayment
Total Interest Paid
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Over loan lifetime
Total Cost
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Principal + interest
Loan Amount
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Amount financed
Deposit
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Of property price
Monthly Repayment Breakdown
Balance Over Time
Rate Comparison
How your repayment changes with different interest rates
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Loan Repayment Schedule
Full month-by-month repayment breakdown
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Australian Capital Territory Property Market
Canberra is a high-income, government-driven market with strong demand from public servants and defence employees. The city is Australia's largest inland city and offers a high quality of life. The ACT government's progressive land tax reform (annual rates replacing stamp duty) is being watched nationally as a model for property tax reform.
Buying in Australian Capital Territory
The ACT has some of Australia's highest median household incomes due to the Commonwealth public service. This sustains high home prices relative to other capitals. The transition from stamp duty to annual rates means lower upfront costs but higher ongoing annual holding costs — particularly notable for long-term owner-occupiers.
Stamp Duty
The ACT is phasing out stamp duty and replacing it with a broad-based Annual Rates system (land value tax). Owner-occupiers and first-home buyers still pay conveyance duty during the transition, but at reduced rates. On A$840,000, duty for owner-occupiers is approximately A$26,000, significantly less than if full rates applied.
Lenders Mortgage Insurance (LMI)
LMI is required when LVR exceeds 80%. The ACT's high government-sector wages (Commonwealth public service) mean more buyers can avoid LMI with a 20% deposit, but A$168,000 remains a substantial savings hurdle.
First Home Owner Grant
The ACT provides a First Home Owner Grant for eligible new homes. The ACT's unique annual rates model means ongoing holding costs are higher than equivalent stamp-duty-paying jurisdictions, which must be factored into long-term affordability.
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