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How much could I borrow?

Discover the possibilities with our mortgage calculator. Find out how much you could borrow based on your current lifestyle.

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Preparing to buy

You’ve decided to buy your very first home! Get started and prepare yourself with information on saving a deposit, budgeting and some of the key things you need to consider earlier on.

Ready to buy

You are now well and truly in ‘buying’ mode as you zero down on the property that suits your budget. Look at the property closely and make sure it meets your requirements.

Buying your property

The days of open homes and inspections and hunting through real estate listings could finally be over!  You have chosen the property you want and the only thing standing between you and your home is the actual.

Get $2,000 cashback with a Westpac home loan

You could get $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans. Apply by 31 March and settle by 31 May 2020.

Available on our Premier Advantage or Flexi First Option Home Loan. Exclusions, T&Cs apply. $395 package fee applies to Advantage Package Loans only. $150K min loan per property.^ Request a call back

Home saver calculator

See how long it might take you to save for a deposit.

Free property reports

Get estimated property values in your suburb of choice.

Things you should know

First home buyer's guide (PDF 1MB)

 

  1. 6 month Home Loan Approval in Principle
    A Home Loan Approval in Principle tells you the amount Westpac could lend you based on your current financial situation. This helps set your home buying budget, which means you can house hunt with confidence. It’s important to know this is only the first stage of the home loan approval process and it’s not yet an agreement to give you a home loan. The next stage of the home loan approval process happens once you find the property you want to buy. At this stage we do an assessment based on your property of choice and your current financial situation. 

    Home Loan Approval in Principle Certificate is valid for 6 months. If you don’t find a property after 3 months you will need to contact us to confirm your financial situation hasn’t changed, for the certificate to remain valid. 
     
  2. RP Data Property Report 
    While the RP Data property reports are offered to Westpac customers with the permission of RP Data Pty Ltd ABN 67 087 759 171, Westpac accepts no responsibility for their accuracy or completeness. We recommend you seek independent advice before making a decision based on this information.

 

^$2,000 Cashback: Offer available for new home loan applications received between 22 January 2020 to 31 March 2020 and settled by 31 May 2020. Offer available on the Premier Advantage Package and Flexi First Option Home Loans for Owner Occupier with Principal and Interest repayments and Investment Loans. $150k min loan size applies. Offer current as at 22 January 2020. Offer may be varied or withdrawn at any time. This offer cannot be used in conjunction with any other purchase cashback offer. Only 1 cashback per property purchase will be paid regardless of the number of customers involved. Excludes all refinances including switches and internal refinances of home loans within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. For Portabilities, settlement on the new security must be by 31 May 2020. Offer not available for new Owner Occupier Interest Only loans or residential lending originated under family or company trusts.

 

Premier Advantage Package: Conditions of Use and $395 annual package fee applies. You must either hold or be approved for a Westpac Choice transaction account in order to qualify and continue to receive the benefits of the Premier Advantage Package. Applicants must have a Westpac Choice transaction account linked to the home loan at the time of settlement and must keep this account open for 60 days after settlement. The cashback will be automatically deposited into this account within 60 days after settlement. Before deciding to acquire a Westpac Choice account, read the terms and conditions, and consider whether the product is right for you. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.
Premier Advantage Package Conditions of Use (PDF 56KB)