Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

We assume: By using this calculator you are saving for a deposit to buy your first home.

Our calculations will include the First Home Owner Grant (FHOG) and first home buyer’s duty concessions where, based on the information you provide, you are eligible for the FHOG and concessions.

Check here to see if you are eligible for First Home Owner Grant (FHOG).

Email my plan


This feature allows you to email this summary to yourself so you can refer back to it later or to facilitate a conversation with a partner. Subject to your consent, we can also collect your personal information to include on our mailing list so that we can send you relevant information, such as market updates and offers about our products and services that we think may interest you.



By submitting this form, you are agreeing that we may use your personal information to send you relevant information and offers about our products and services. Subject to some exceptions required by law, you can request to access and correct your personal information while we store it. To update your personal information or marketing preferences, or make a privacy enquiry or complaint, please refer to our Privacy Policy at, or call us on 1300 130 467 .


Thank you

Thank you for subscribing to our mailing list. You can unsubscribe at anytime. Westpac will never send you an email asking for your financial information or send you a link that will direct you to a sign-in page, asking you to verify or change your account details, PIN, passwords or personal information. Keep your system security up to date. For more information, visit



Error submitting form

Applying is simple, get started online

1. Apply for your home loan now

Apply in around 10-20 mins, or save and come back later. Tell us about you and see how much you could borrow. And don't worry, we'll let you know before the credit check. Need help? You can live chat with us to help you complete the application.

2. Fast approval

You could get unconditional refinance approval the same day you apply. Or conditional approval within 1 business day to help you confidently bid or make an offer for up to 90 days. 

3. Discuss your rate and features with a lender

A dedicated lender will be in touch to go over the finer points of your loan. You’ll have an opportunity to negotiate your rate, as there’s no obligation until you accept your rate and loan offer.

4. On to settlement

Your lender will finalise your loan through to settlement. Accept our loan offer, and that’s it.

Already started an application? Retrieve your application


Other guides to help

What’s an offset account?

An offset account is an everyday bank account that’s linked to your home loan. Find out how you could use it to save on your home loan interest and own your home sooner.

What is a redraw facility?

This home loan feature enables you to make extra repayments into your mortgage to help you save on interest and pay it off sooner. Find out how. 


Repayment calculator

Estimate your home loan repayments by adjusting your loan amount, loan term, repayment frequency and interest rate.


Things you should know

The purpose of this calculator is to provide you with general information about the amount you may be able to borrow for your first home purchase and how long it may take you to save for a deposit, based on the information you provide. The results generated by this calculator are subject to the disclosures below and further information accompanying the calculations.

The calculations do not constitute an offer to acquire any financial product and neither do they constitute any offer or quote for credit from Westpac. Your borrowing power amount may be different when you complete a loan application and all the details relevant to our lending criteria are captured and verified.  The calculations should not be relied on for the purpose of making a decision whether to apply for a home loan.

References to any financial or credit product contained in the assumptions are not recommendations to acquire that financial or credit product
. You should always refer to the relevant offer document(s) and/or terms and conditions (“T&Cs”) applying to a financial or credit product and ensure you read and understand those documents and/or T&Cs or obtain independent financial advice from a licensed financial services provider prior to making any decision regarding whether you should acquire that product.

Any calculation made by you using this calculator is intended as a guide.
Results shown are for illustrative purposes only and are limited to the accuracy of the information provided, the assumptions set out in this section, and information about FHOG and government duties and concessions that are applicable as at 30 August 2018. Unless otherwise indicated, calculations do not take government charges or other fees into account.  Any fees, stamp duty, duties, costs, concessions and FHOG referred to in the assumptions are estimations only. Actual fees, duties and  costs may be higher than those estimated and any first home buyer concessions or FHOG that have been included in the calculations may be lower, which will impact the results.

* Assumption used for illustrative purposes only.
The savings calculations provided are based on a total variable interest rate of 5.00% p.a. offered under the Westpac Life savings account ("Account") for the full time period indicated in the calculation, and includes a 2.00% p.a. standard variable base rate plus 3.00% p.a. monthly variable bonus rate. The bonus rate is only payable if: (a) each month a deposit is made into the Account; and (b) the Account balance is higher at the end than the beginning of the month; and (c) the Account balance remains above $0. Calculations may not include all fees and charges and interest rates may be subject to change. Please refer to the full T&Cs applying to the Account.

Interest rates


Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.

This information has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice. This includes any tax consequences arising from any promotions for investors and customers should seek independent advice on any taxation matters.

Key Fact Sheet for Home Loans


1Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.


+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes. 

The above rates exclude any LVR discounts available for new loans. 


^Flexi First Option special offer rates with Principal & Interest repayments 

Special offers are only available on new Flexi First Option Home and Investment Loans with Principal & Interest repayments. Discounts do not apply to internal refinances or switches within the Westpac Group, which includes refinances from Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Not available to company and trust account holders. Offer may be varied or withdrawn at any time. Interest rates are subject to change:

  • For a property to live in (Owner occupier): Offer commences 24/11/2023. Includes a 1.64% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.24% p.a. discount for the life of the loan.​
  • For an investment property:  Offer commences 24/11/2023. Includes a 1.89% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.49% p.a. discount for the life of the loan. ​