Home Loans in TurnerACT 2612
- Median house price: $1,200,000
- Median unit price: $520,000
- Property growth: +5.0% p.a.
- Population: 3,000
Property Market in Turner, ACT
Turner is an inner-north suburb near ANU and Braddon with established homes and light rail. The median house price in Turner is currently around $1,200,000, while units sit at approximately $520,000. The suburb has experienced property growth of +5.0% p.a., making it a steady performer in Australian Capital Territory.
Why Buy in Turner?
Turner offers a range of lifestyle benefits that make it attractive to homebuyers and investors alike. Key features of the area include:
- Near ANU
- Light rail
- Inner north
- Established suburb
Typical Home Loan Amounts in Turner
Based on the current median house price of $1,200,000, most buyers in Turner will be looking at home loans in the range of $840,000 to $1,140,000, depending on their deposit size. With an 80% loan-to-value ratio (LVR), a typical loan would be around $960,000.
For unit buyers, loan amounts typically range from $364,000 to $494,000. First home buyers in Turner may be eligible for state government grants and stamp duty concessions, which can significantly reduce upfront costs.
How We Help You Get a Home Loan in Turner
Your broker compares home loan rates from over 50 lenders to find the best deal for your purchase in Turner. The broker service is free for borrowers: licensed brokers who meet our criteria pay Your Finance Guide a partnership fee to receive enquiries from this site, and the broker is usually also paid a commission by the lender. Both are disclosed in our Credit Guide. Whether you're a first home buyer, upgrader, or investor, your broker will guide you through the process from pre-approval to settlement.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans, a loan of $30,000 over 5 years for car and personal loans, and $50,000 over 5 years for equipment finance, unless the lender states another basis.
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