Find answers to some of the most common questions from our members
Stamp Duty is a tax each state or territory government charges on the sale of your property. Stamp Duty is designed to offset the costs of the legal documents for the purchase transaction and varies depending on which state or territory you purchase in.
A split loan is a home loan that offers a loan to be split over a variety of product types, including variable, fixed and line of credit products. You can define which amount of your loan is split into each product type.
As opposed to fixed interest rate, a variable interest rate changes when the market interest rate changes. This means your repayments will also vary.
A valuation is the assessment of the property value as determined by the lender or external valuer, often based on the property purchase price.
A redraw facility allows you to access extra repayments you have made on your loan. Your extra repayments are funds paid into the loan above your contracted minimum repayment. Availability of redraw facilities and redraw limits differ across product types.
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