Buying your next home
Your next move starts with confidence, with flexible home loan options designed to make the journey smoother from start to finish.
Book appointment
[BVAR#wdp-domain]/cassini/ntb0/bookabanker?action=create
Start applying now
[BVAR#wdp-domain]/cassini/applicationprerequisites/landing
white
desktop
Discounted variable rates
Get a sweet rate, tailored just for you. Simply book an appointment.
delivery-truck
Take your loan with you
Your existing loan could go with you, with no break fee for fixed loans. Conditions apply.
house-people
Less hassle, more speed
If your current home loan’s already with us we can streamline your application.
true
white
none
When you apply online
Our lowest online variable rate
This rate includes: Life-of-loan discount of 2.09% p.a. on a new Flexi First Option home loan on P&I repayments (Owner Occupier) or 2.49% p.a. (Investor) for LVR[#] up to 80%; plus 0.10% p.a. discount for LVR up to 70%. Offer can be withdrawn or varied at any time.
dual-rate
Owner Occupier featured rate
5.99
Online offer basic variable rate[#]
6.00
Comparison rate[#]
white-without-icons
I want to...
false
You could use up to 80% of the equity in your current home to increase (top-up) your home loan. Then, use the extra money to buy your next home.
Why this helps:
- Take your time finding your home
- A bigger deposit can mean no LMI and better rate
- No need for short-term accommodation
- If your first home’s value goes up, your equity increases
Some considerations:
- Bigger loan means bigger repayments
- Borrowing more than 80% of your equity could mean paying LMI
- Two loans could make it harder to borrow again later
- Rent from an investment property might not cover your loan payments.
If you buy another home and sell your current one during settlement, you may not need a new loan. With Westpac home loan ‘portability’, you could just swap the home linked to your current loan.
Why this helps:
- You’ll keep any discounts you have
- It’s faster. You don’t have to apply for a new loan
- Got a fixed interest rate? Pay no break costs when you swap the property as security.
Some considerations:
- Both properties must settle on the same day, or have a ‘deferred settlement’
- We’ll need to be sure you can afford the loan.
Our Bridging Loan lasts up to 12 months. It allows you to use the value of your current home to buy your next home before your old home’s sold.
Why this helps:
- No rush to sell your home
- More time to find your next home
- No need for short-term accommodation.
Some considerations:
- Be practical when estimating your selling price – it effects your new loan repayments
- The longer it takes to sell, the more money you’ll pay in interest
- If house prices go down before selling, it might cost you more.
Helpful things to know when buying your next home
false
false
Your repayments and price range
- See how much you could borrow based on your assessable income
- Estimate your repayments based on loan amount, loan term and interest rate
- Check how much you could afford to repay
Our calculators can help you get a clearer idea of what you could afford:
If you're an eligible healthcare, emergency service, core building, or essential trade related professional, you could have 100% of your overtime and allowances assessed as income[#].
Eligible healthcare & emergency service professionals:
- Doctors
- Front-line Ambulance Officers and / or front-line Paramedics
- Front-line Fire Officers and / or front-line Fire Fighters
- Front-line Police Officers
- Medical Imaging Professionals
- Medical Specialists
- Midwives
- Nurses
- Occupational Therapists
- Pharmacists
- Physiotherapists
- Surgeons
- Veterinarians
Eligible core building & other essential trade related professionals:
- Aircraft Maintenance Engineers
- Airconditioning and Refrigeration Mechanics
- Automotive Electricians
- Cabinet and Furniture Makers
- Carpenters and Joiners
- Electrical Distribution Trades Workers
- Electricians
- Glaziers
- Metal Fitters and Machinists
- Motor Mechanics
- Panel beaters
- Plumbers
- Surveyors and Spatial Scientists
- Vehicle Painters
Explore what suburbs and properties fit your budget with a free property data report.
How much will you need?
Generally, you'll need at least a 20% deposit (or 80% loan-to-value ratio) when buying a property, and you may need to pay Lenders Mortgage Insurance (LMI).
Some professionals may be eligible for an LMI waiver[#], including:
- Eligible medical practitioners, with a minimum 5% deposit (maximum LVR of 95%),
- Eligible emergency services & healthcare professionals, earning a minimum annual income of $90,000, with a minimum 10% deposit (maximum LVR of 90%).
Eligibility criteria apply.
Support at every stage
Our home loan specialists are here to guide you through each stage of the process. A dedicated home loan specialist will be assigned to your application, ensuring progress is made and addressing any questions you may have, throughout.
Explore our guides on how to buy your next home:
Understanding your loan options
You may select from fixed, variable, or combination loan options. Further, consider whether you prefer a basic loan or one offering additional features, such as an offset facility; which could assist in reducing interest payments.
Our home loan specialists can assist, or use our handy resources and tools to help you decide:
Home buyers’ tip #3
Time-poor or buying in an unfamiliar area? A buyer’s agent could help you find, properties, scope them out, and negotiate on your behalf.
white
Choose your next step
Apply online now
Apply in 10-20 mins, or save your application and come back later.
- You could get conditional approval within 1 business day
- Your lender will finalise your loan through to settlement.
pictogram
desktop-computer-duo
Start applying
[BVAR#wdp-domain]/cassini/applicationprerequisites/landing
Book an appointment
Chat with our friendly team at a time and place that suits you. They’ll answer your questions, guide your next steps, and a dedicated lender can help you understand how much you could borrow before any credit check, with no obligation.
- Tell us what you’d like to discuss and how you prefer to connect — video call, phone, in branch or we can come to you.
- Choose a time that works for you and we’ll confirm your booking and who you’ll meet.
pictogram
business-person-duo
Book appointment
[BVAR#wdp-domain]/cassini/ntb0/bookabanker?action=create
grey
You may also like
Buying another home
none
Selling your home
none
Calculators & tools
none
grey
We're here to help
true
Book an appointment
Pick a time and place that suits you to talk to a home loan specialist.
icon
calendar-outlined
Book appointment
[BVAR#wdp-domain]/cassini/ntb0/bookabanker?action=create&fid=hlbook-app
Save time, apply online
Apply in around 10-20 mins to buy a home or refinance to Westpac.
icon
phone-outlined
Start applying
[BVAR#wdp-domain]/cassini/applicationprerequisites/landing?fid=hlapply-online
Talk with us
8am-8pm, Mon-Fri
9am-6pm, Sat-Sun (Sydney time)
icon
person-outlined
Call 132 558
- true
Things you should know