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BSB 805 050

Buy a house

No matter where you are on your home buying journey, we can help you open the door to the home you really want

Planning to buy?

Home sweet home

Buying a home is a major decision that takes planning,
research and careful budgeting. You’ll need to decide
where to buy and how much you can afford to borrow.

Remember, the purchase price isn’t the only cost;
a good rule of thumb is to allow 5% extra for costs such as:

  • Loan application fees
  • Stamp duty
  • Legal fees
  • Council rates

 

Check out our range of Home Loan Calculators
to see how much you can afford to borrow and repay.

Launch calculators

Planning to buy for investment purposes?

Planning to buy for investment purposes?

 

 

Already established in your home and thinking about your future? Still living with Mum and Dad but want to buy an investment property?

Whether you have equity in your current home, have paid off the mortgage, or are just starting out, we are here to help you get started. With access to up to date property reports to help you decide where to buy or help you to understand the benefits of investing in property such as tax minimisation, negative gearing, depreciation and more!

Learn more

The deposit

How much do I need for a deposit?

An ideal deposit is at least 20% of the property purchase price. If you need to borrow more than 80% of the value of the property, Lenders’ Mortgage Insurance will usually be payable to protect the lender in the event that you default on your loan repayments.

Get saving

You don’t have to go it alone

If a 20% deposit seems out of reach and you want to avoid paying Lenders’ Mortgage Insurance, there are other options available to you, such as:

  • Family guarantee - With your family acting as guarantor, you may be able to borrow 100% of the purchase price.1
  • Property share - Pool your borrowing power with family and friends and co-own a property, while retaining control over your own mortgage.

First time buyer?

You may be eligible for the First Home Owner Grant, a one-off payment established by the Federal Government and funded by the States and Territories, to offset the impact of the GST on home ownership.

Visit Firsthome.gov.au to find out more about the grant and the eligibility criteria in your state or territory.

Hunting down your house

Finding 'the one'

To find the property that’s right for you, consider the location, style, number of bedrooms and energy efficiency of the home.

Check the newspaper, local real estate agencies and websites like Realestate.com.au and Domain.com.au to see what properties are on the market.

Our Home Loan Advisers can provide you with a free and detailed property report including suburb profiles, previous sales history and similar sold or for sale properties.

Open for inspection

Come on in

When inspecting a property, take along a checklist and camera and keep a record of places you’ve visited. Be sure to look at the state of the roof, plumbing, wet areas, windows and the house’s foundations as these are often expensive fixes.

Take a closer look 

When you’ve found a place you’re interested in, carry out a building inspection and get a pest control inspection.

Auction versus Private Sale

The two most common methods to buy property in Australia are by Auction and by Private Sale (or Private Treaty as it's sometimes known).

There is no right or wrong way to buy your new home - comparing auction and private sale is a bit like comparing apples and oranges - but it's important to understand the differences.

Auction

Auction

 

  • Reports and inspections need to be done before the auction, with no guarantee that you will have the successful bid.
  • The contract terms that apply at auction are set by the vendor.
  • Competition from other bidders can raise the price.
  • The reserve price is unknown until it's reached (i.e. the minimum that the seller will accept).
  • There is no ‘cooling-off’ period. You can't change your mind if you are successful at the auction.
  • If your bid is successful, you need to pay the full deposit immediately (unless you have made other arrangements with the vendor).

Private sale

Private sale

 

  • If you have a ‘cooling-off’ period you can use it to complete your reports and inspections and withdraw your offer if anything is wrong.
  • Some of the contract terms may be able to be negotiated by you.
  • The price can rise if a number of people make offers.
  • You know the asking price.
  • A ‘cooling-off’ period may apply depending on your state's laws (Except in WA).
  • If your offer is accepted, you are usually required to pay the full deposit when exchanging contracts.

Choosing the loan that suits you

We offer a range of home loans to help you own the home you really want. You can also check out our Home Loans Help Video for a quick overview.

I'm looking for
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Compare Our Products

Product Summary

What do I get?

Interest Rate

Comparison Rate

Service Availability

Interest Only Option

Available Loan Size

Loan to Value Ratio (LVR)

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

Repayment Frequency

Loan Splits available

Buy a Home or Investment

Refinance

Construction

Vacant Land

Bridging

Application Fee

Ongoing Fees

Package benefits and discounts on other products

 

Package your loan and bank account for great discounts and benefits and enjoy the flexibility of a variable rate

What do I get?

Flexibility of a discounted variable rate, offset ability and packaged with great range of product benefits and discounts.

Interest Rate

Home Loan: From 3.79% p.a.a

Investment Loan: From 4.6% p.a.b

Comparison Rate

Home Loan: 4.19% p.a.a

Investment Loan: 4.98% p.a.b

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$150,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%
Investment Loan: Up to 90%

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

No restrictions on the number of splits per Annual Fee

Refinance

Vacant Land

Bridging

Application Fee

$0

Ongoing Fees

$395 per annum

Package benefits and discounts on other products

Remove

Enjoy the certainty of fixed repayments and bundle your loan and bank account into one package to save with rate and fee discounts

What do I get?

Security of a discounted fixed rate packaged with a great range of product benefits and discounts.

Interest Rate

Home Loan: From 3.94% p.a. Fixed for 2 years^

Investment Loan: From 4.39% p.a. Fixed for 2 years

Comparison Rate

Home Loan: 4.71% p.a.^

Investment Loan: 5.18% p.a.

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$150,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

 0.15% fee applies

Offset facility option

Extra Repayments

Up to $10,000 per year

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

No restrictions on the number of splits per Annual Fee

Refinance

Vacant Land

Bridging

Application Fee

$0

Ongoing Fees

$395 per annum

Package benefits and discounts on other products

Remove

Enjoy a competitive variable rate and the freedom to make unlimited extra repayments to pay off your loan quicker

What do I get?

Low variable rate and the freedom to make extra repayments to reduce the length of your loan.

Interest Rate

Home Loan: From 4.43% p.a.a

Investment Loan: From 4.82% p.a.

Comparison Rate

Home Loan: 4.48% p.a.a

Investment Loan: 4.87% p.a.

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$50,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

Refinance

Vacant Land

Bridging

Application Fee

$600

Ongoing Fees

$0

Package benefits and discounts on other products

Remove

Enjoy no monthly fees and the flexibility to make unlimited extra repayments to pay off your loan quicker

What do I get?

Variable loan no monthly fees and the flexibility to make extra repayments to reduce the length of your loan.

Interest Rate

Home Loan: 5.21% p.a.

Investment Loan: 5.6% p.a.

Comparison Rate

Home Loan: 5.26% p.a.

Investment Loan: 5.65% p.a.

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$20,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

Refinance

Vacant Land

Application Fee

$600

Ongoing Fees

$0

Package benefits and discounts on other products

Remove

Enjoy the certainty of fixed mortgage repayments for a set period of time

What do I get?

Set fixed mortgage repayment certainty for up to 5 years.

Interest Rate

Home Loan: From 4.09% p.a. Fixed for 2 years

Investment Loan: From 4.54% p.a. Fixed for 2 years

Comparison Rate

Home Loan: 5.14% p.a.

Investment Loan: 5.54% p.a.

Service Availability

Full Service 
- Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$20,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

 0.15% fee applies

Offset facility option

Extra Repayments

Up to $10,000 per year

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

Refinance

Vacant Land

Bridging

Application Fee

$600

Ongoing Fees

$8 per month

Package benefits and discounts on other products

Remove

A flexible loan that puts you in control of your repayments by consolidating your transaction account and mortgage into one convenient account

What do I get?

Flexible Line of Credit Loan to control your finances, all with the one account.

Interest Rate

5.52% p.a.

Comparison Rate

N/A

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

10 years

Available Loan Size

$20,000 to $500,000

Loan to Value Ratio (LVR)

Up to 90%

Rate Lock Option

Offset facility option

N/A

Extra Repayments

Redraw Facility

Can draw up to limit amount

Loan Term

Up to 30 Years

Repayment Frequency

Monthly

Loan Splits available

Refinance

Construction

Vacant Land

Bridging

Application Fee

$600

Ongoing Fees

$8 per month

Package benefits and discounts on other products

Remove

Take control of your repayments with the flexibility of a transaction account and mortgage consolidated into a convenient account and save with extra discounts and benefits

What do I get?

Flexible transactional Line of Credit Loan packaged with a great range of product benefits and discounts.

Interest Rate

From  4.92% p.a.

Comparison Rate

N/A

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

10 Years

Available Loan Size

$150,000 to $500,000

Loan to Value Ratio (LVR)

Up to 90%

Rate Lock Option

Offset facility option

N/A

Extra Repayments

Redraw Facility

Can draw up to limit amount

Loan Term

Up to 30 Years

Repayment Frequency

Monthly

Loan Splits available

No restrictions on the number of splits per Annual Fee

Refinance

Construction

Vacant Land

Bridging

Application Fee

$0

Ongoing Fees

$395 per annum

Package benefits and discounts on other products

Remove

Welcome to the mortgage club

Ready to apply?

Get started with our online Home Loan Application form or make an appointment with one of our expert Home Loan Advisers.

Conditional pre-approval, within 48 hours once we’ve received your loan documentation, could also make it easier to move quickly when you find the house you want.  

Get started

What you’ll need when you apply

We’ll ask you to provide information about your income, expenses, assets, loans and credit cards when you are completing your application.

Use our helpful Home Loan Application Process Guide to help make your home loan application process quick and easy.

Find out more

hi…

Please call us on 13 11 82 to arrange a Home Loan Adviser to contact you. Alternatively you can apply for your home loan online.

1 Loan must be a principal and interest loan (as opposed to an interest only loan) to qualify for the family guarantee.

Terms, conditions, fees, charges and lending criteria apply and are available on application.

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. 

The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

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