A mortgage broker who knows Aberfeldie.

Aberfeldie is a small, leafy pocket wrapped around the Maribyrnong River between Essendon and the water, about 8.5 kilometres from the CBD. It is one of the area's blue-chip residential enclaves: large family homes, riverside reserves and parkland, and very little through-traffic. It has its own everyday amenities too, from the shops on Fawkner Street to Poyntons Nursery, and the Buckley Street shops and cafes opposite Essendon Keilor College.

We are a local broker working from Essendon and Carlton North, right next door, so we know this pocket of the inner north-west well. Aberfeldie is tightly held. Owner-occupiers make up more than three quarters of the suburb, homes change hands after about fifteen years on average, and the population has barely moved in five years. The typical resident is older, often a family in the fifties age bracket, on repayments above $4,000 a month. That means our work here leans towards upgraders buying into the suburb, owners refinancing large loans, and equity release for renovations rather than first home entry.

What property costs here

These are the median prices of homes that actually sold in Aberfeldie over the twelve months to July 2026, with the middle of the market shown by the lower and upper quartiles so you can see the spread rather than a single number.

Aberfeldie sits at the higher end of the local market, so the finance conversation is usually about larger loans and equity rather than first deposits.

Deposits and LMI

• A 20 per cent deposit on the median house is roughly $370,000, which avoids Lenders Mortgage Insurance.
• Buying with less is possible, with LMI added to the loan, though at these price points most buyers here are trading equity from another property.
• We calculate the exact deposit, LMI and repayments for the specific price you are looking at, across our lender panel.

Equity and refinancing

Because Aberfeldie is tightly held and largely owner-occupied, a lot of local demand is from existing owners: refinancing a large loan onto sharper pricing, or drawing on equity for a renovation. Our refinancing review covers both. First home buyer schemes rarely apply here, since houses sit well above the $950,000 cap, though you can read the full rules in the First Home Buyer Hub.

Aberfeldie's price points and tightly held market shape who we help here.

Upgraders buying into the suburb

Usually trading equity from an existing home. We look at buy-first or sell-first, bridging where it makes sense, and how to structure a larger loan.

Owners refinancing

Large loans and long-held properties mean drifted rates and untapped equity are common. Our refinancing review tells you where you stand.

Renovators

Established homes on good blocks often get renovated rather than replaced. We structure equity release to fund the work.

Investors

Less common here given the price-to-yield profile, but we can model the borrowing for a specific property and hand tax questions to your accountant.