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The Canberra Times
The Canberra Times
Georgina Sebar

The number of new mortgages in Australia are dropping, but not in the ACT

Canberra's property market continues to be popular with first home buyers, despite new data showing the number of new mortgages in Australia is dropping.

Adam Solano, founder of Electrum Finance, said he still had a steady stream of first home buyers looking to purchase in the territory despite growing uncertainty in the market.

"The beauty of the Canberra market, unlike Brisbane or Sydney, or even Adelaide, is that you can get a comfortable one-, sometimes two-bedroom offering for $500,000," Mr Solano said.

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