How to buy a house

9 February 2026 - 5 min read

Key takeaways

Start with a clear understanding of your budget
Before looking for your new home, lock in conditional approval with a lender you feel you can trust
Familiarise yourself with how auctions and private house sales work
Use our tips and checklists when house -hunting, buying and settling.

Questions answered

How much can I afford for my new home?
What type of home loan should I get?
How do I apply for a home loan?
What are some house-hunting tips?
What does all the house-buying jargon mean?
How do auctions and private sales work?
How is my loan finalised?
How does settlement work?

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

afford

How much can I afford for my new home?

First things first. Knowing the most you’re able to pay for your new home can help avoid costly mistakes and the frustration of:

house hunting out of your range, or
cautiously compromising on rooms, location, property size or nice-to-haves.
It comes down to a simple equation, which we’ll take you through element by element:

Your deposit + what you can borrow + grants and concessions – costs and fees

= your budget

Now let’s explore each part of the equation.

1. Your deposit

Your deposit is the amount you’re able to pay from your savings accounts or other resources, with the rest normally borrowed as a home loan. It shouldn’t be confused with the ‘deposit’ you’ll need to pay if successful with an offer or an auction bid.

Generally, you need to have at least a 20% deposit to buy a property – that is a fifth of its value based on your bank's valuation. If you don’t quite have enough, you may have some options:

Check which grants and concessions you're eligible for (see below). They vary by state and territory.
Pay Lenders Mortgage Insurance (LMI) on top of your deposit, or include it in your home loan amount. Our upfront costs calculator estimates how much LMI and stamp duty you might need to pay as part of your costs and fees (see below).
Consider our Family Security Guarantee¹, where a family member could save you from paying LMI.
Continue to save more. Our Home saver calculator helps you estimate how long it’ll take.
See which Westpac-supported opportunity you may be eligible for, including LMI waiver for professionals.

2. What you can borrow

Your income and expenses are two of the main considerations for any lender, so having a strong savings history with minimal credit card debt or other loans could help. Ask yourself the big questions, such as ‘how much will I be able to repay every month?’ and ‘will I be able to afford these repayments if interest rates rise?’ (they reached 7.25% p.a. back in 2008).

Here are some helpful tools:

Affordability calculator – based on what you’d feel comfortable repaying
Maximum loan calculator – the most we may be able to lend you based on your expenses, income, debts and assets
Repayment calculator – as a general rule of thumb, your monthly repayments shouldn’t be more than 1/3 of your gross monthly income.

Check if you’re eligible for any of these opportunities:

3. Grants and concessions

Depending on your personal circumstances, you may be able to apply for government assistance.

The First Home Super Saver Scheme (FHSS): Eligible first home buyers can withdraw some of their voluntary super contributions to put towards a home deposit.
The First Home Owner Grant (FHOG): A one-off amount paid to first-time buyers. Check with your state or territory government: ACT, NSW, NT, Qld, SA, Tas, Vic, WA
First home buyers could also access stamp duty exemptions, concessions or reductions. Again, check which apply in your state or territory: ACT, NSW, NT, Qld, SA, Tas, Vic, WA
Australian Government 5% Deposit Scheme: This is for first home buyers with a minimum 5% deposit, or single parents with a minimum of 2%. In both cases, no Lenders Mortgage Insurance (LMI) is required. Find out more.

At the time of settlement, Westpac or your broker will organise and lodge First Home Owner Grants for our loan customers. Stamp duty concessions are generally lodged by your conveyancer or solicitor.

4. Costs and fees

The last part of the buying budget equation involves working out the upfront and additional costs you’ll need funds for. They may include:

Stamp duty. This is a government tax on transactions and is an upfront cost. Therefore, it can’t come out of your home loan.
Government charges. These may include things such as Transfer Duty, the Mortgage Registration Fee and a Land Transfer fee, if applicable.
Solicitor or conveyancer. Their services can include an initial review of a Contract of Sale, and the full process to settlement if you go ahead.
Building reports and pest inspections. Are worth carrying out before you buy.

Our cost calculator helps estimate the above for you.

Bank fees/loan set-up costs. Can include an establishment, valuation and settlement fee. Your lender will give you a quote.
Insurance. Home & contents insurance typically provides cover against loss or damage caused by flood, fire, storm, theft and more. You may need Building (Home) insurance as part of your home loan agreement.
Independent advice. You may need to discuss your financial situation with an accountant.
Other costs. Including removalists and the cost of breaking a rental lease early if applicable.

There will be ongoing costs too, such as council rates, land tax, strata fees if applicable, and annual insurance. You should factor these in when calculating the size of loan you can afford to repay.

afford

How much can I afford for my new home?

First things first. Knowing the most you’re able to pay for your new home can help avoid costly mistakes and the frustration of:

house hunting out of your range, or
cautiously compromising on rooms, location, property size or nice-to-haves.
It comes down to a simple equation, which we’ll take you through element by element:

Your deposit + what you can borrow + grants and concessions – costs and fees = your budget

Now let’s explore each part of the equation.

1. Your deposit

Your deposit is the amount you’re able to pay from your savings accounts or other resources, with the rest normally borrowed as a home loan. It shouldn’t be confused with the ‘deposit’ you’ll need to pay if successful with an offer or an auction bid.

Generally, you need to have at least a 20% deposit to buy a property – that is a fifth of its value based on your bank's valuation. If you don’t quite have enough, you may have some options:

Check which grants and concessions you're eligible for (see below). They vary by state and territory.
Pay Lenders Mortgage Insurance (LMI) on top of your deposit, or include it in your home loan amount. Our upfront costs calculator estimates how much LMI and stamp duty you might need to pay as part of your costs and fees (see below).
Consider our Family Security Guarantee ^[#], where a family member could save you from paying LMI.
Continue to save more. Our Home saver calculator helps you estimate how long it’ll take.
See which Westpac-supported opportunity you may be eligible for, including LMI waiver for professionals.

2. What you can borrow

Your income and expenses are two of the main considerations for any lender, so having a strong savings history with minimal credit card debt or other loans could help. Ask yourself the big questions, such as ‘how much will I be able to repay every month?’ and ‘will I be able to afford these repayments if interest rates rise?’ (they reached 7.25% p.a. back in 2008).

Here are some helpful tools:

Affordability calculator – based on what you’d feel comfortable repaying
Borrowing power calculator – the most we may be able to lend you based on your expenses, income, debts and assets
Repayment calculator – as a general rule of thumb, your monthly repayments shouldn’t be more than 1/3 of your gross monthly income.

Check if you’re eligible for any of these opportunities:

3. Grants and concessions

Depending on your personal circumstances, you may be able to apply for government assistance.

The First Home Super Saver Scheme (FHSS): Eligible first home buyers can withdraw some of their voluntary super contributions to put towards a home deposit.
The First Home Owner Grant (FHOG): A one-off amount paid to first-time buyers. Check with your state or territory government: ACT, NSW, NT, Qld, SA, Tas, Vic, WA
First home buyers could also access stamp duty exemptions, concessions or reductions. Again, check which apply in your state or territory: ACT, NSW, NT, Qld, SA, Tas, Vic, WA
Australian Government 5% Deposit Scheme: This is for first home buyers with a minimum 5% deposit, or single parents with a minimum of 2%. In both cases, no Lenders Mortgage Insurance (LMI) is required. Find out more.

At the time of settlement, Westpac or your broker will organise and lodge First Home Owner Grants for our loan customers. Stamp duty concessions are generally lodged by your conveyancer or solicitor.

4. Costs and fees

The last part of the buying budget equation involves working out the upfront and additional costs you’ll need funds for. They may include:

Stamp duty. This is a government tax on transactions and is an upfront cost. Therefore, it can’t come out of your home loan.
Government charges. These may include things such as Transfer Duty, the Mortgage Registration Fee and a Land Transfer fee, if applicable.
Solicitor or conveyancer. Their services can include an initial review of a Contract of Sale, and the full process to settlement if you go ahead.
Building reports and pest inspections. Are worth carrying out before you buy.

Our cost calculator helps estimate the above for you.

Bank fees/loan set-up costs. Can include an establishment, valuation and settlement fee. Your lender will give you a quote.
Insurance. Home & contents insurance typically provides cover against loss or damage caused by flood, fire, storm, theft and more. You may need Building (Home) insurance as part of your home loan agreement.
Independent advice. You may need to discuss your financial situation with an accountant.
Other costs. Including removalists and the cost of breaking a rental lease early if applicable.

There will be ongoing costs too, such as council rates, land tax, strata fees if applicable, and annual insurance. You should factor these in when calculating the size of loan you can afford to repay.

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

afford

How much can I afford for my new home?

First things first. Knowing the most you’re able to pay for your new home can help avoid costly mistakes and the frustration of:

house hunting out of your range, or
cautiously compromising on rooms, location, property size or nice-to-haves.
It comes down to a simple equation, which we’ll take you through element by element:

Your deposit + what you can borrow + grants and concessions – costs and fees

= your budget

Now let’s explore each part of the equation.

1. Your deposit

Your deposit is the amount you’re able to pay from your savings accounts or other resources, with the rest normally borrowed as a home loan. It shouldn’t be confused with the ‘deposit’ you’ll need to pay if successful with an offer or an auction bid.

Generally, you need to have at least a 20% deposit to buy a property – that is a fifth of its value based on your bank's valuation. If you don’t quite have enough, you may have some options:

Check which grants and concessions you're eligible for (see below). They vary by state and territory.
Pay Lenders Mortgage Insurance (LMI) on top of your deposit, or include it in your home loan amount. Our upfront costs calculator estimates how much LMI and stamp duty you might need to pay as part of your costs and fees (see below).
Consider our Family Security Guarantee¹, where a family member could save you from paying LMI.
Continue to save more. Our Home saver calculator helps you estimate how long it’ll take.
See which Westpac-supported opportunity you may be eligible for, including LMI waiver for professionals.

2. What you can borrow

Your income and expenses are two of the main considerations for any lender, so having a strong savings history with minimal credit card debt or other loans could help. Ask yourself the big questions, such as ‘how much will I be able to repay every month?’ and ‘will I be able to afford these repayments if interest rates rise?’ (they reached 7.25% p.a. back in 2008).

Here are some helpful tools:

Affordability calculator – based on what you’d feel comfortable repaying
Maximum loan calculator – the most we may be able to lend you based on your expenses, income, debts and assets
Repayment calculator – as a general rule of thumb, your monthly repayments shouldn’t be more than 1/3 of your gross monthly income.

Check if you’re eligible for any of these opportunities:

3. Grants and concessions

Depending on your personal circumstances, you may be able to apply for government assistance.

The First Home Super Saver Scheme (FHSS): Eligible first home buyers can withdraw some of their voluntary super contributions to put towards a home deposit.
The First Home Owner Grant (FHOG): A one-off amount paid to first-time buyers. Check with your state or territory government: ACT, NSW, NT, Qld, SA, Tas, Vic, WA
First home buyers could also access stamp duty exemptions, concessions or reductions. Again, check which apply in your state or territory: ACT, NSW, NT, Qld, SA, Tas, Vic, WA
Australian Government 5% Deposit Scheme: This is for first home buyers with a minimum 5% deposit, or single parents with a minimum of 2%. In both cases, no Lenders Mortgage Insurance (LMI) is required. Find out more.

At the time of settlement, Westpac or your broker will organise and lodge First Home Owner Grants for our loan customers. Stamp duty concessions are generally lodged by your conveyancer or solicitor.

4. Costs and fees

The last part of the buying budget equation involves working out the upfront and additional costs you’ll need funds for. They may include:

Stamp duty. This is a government tax on transactions and is an upfront cost. Therefore, it can’t come out of your home loan.
Government charges. These may include things such as Transfer Duty, the Mortgage Registration Fee and a Land Transfer fee, if applicable.
Solicitor or conveyancer. Their services can include an initial review of a Contract of Sale, and the full process to settlement if you go ahead.
Building reports and pest inspections. Are worth carrying out before you buy.

Our cost calculator helps estimate the above for you.

Bank fees/loan set-up costs. Can include an establishment, valuation and settlement fee. Your lender will give you a quote.
Insurance. Home & contents insurance typically provides cover against loss or damage caused by flood, fire, storm, theft and more. You may need Building (Home) insurance as part of your home loan agreement.
Independent advice. You may need to discuss your financial situation with an accountant.
Other costs. Including removalists and the cost of breaking a rental lease early if applicable.

There will be ongoing costs too, such as council rates, land tax, strata fees if applicable, and annual insurance. You should factor these in when calculating the size of loan you can afford to repay.

type

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit^[#] and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee^[#]. You could also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.^[#]
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.^[#] You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

apply

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

What type of home loan should I get?

Your home loan’s going to be with you for a while, so go with a lender you’ve heard offers value for money and a good track record for before and after service. You have a choice of many lenders, but here are some of the features available to Westpac customers:

Apply online. It should only take around 20 minutes. Or call us.
Track your application. Follow your progress online and get notifications.
One point of contact. You’ll be assigned a home finance manager who’ll call to answer your questions and move things forward.
Getting ahead. We genuinely want you to own your property sooner. That’s why our fixed loans give you a $30k prepayment limit², and our variable loans come with unlimited extra repayments. Our Rocket Repay loan also comes with a full offset account that if funded, may help reduce the interest you pay.
Financial breathing space. If you’re ahead on your repayments, you’re free to redraw the extra amount you’ve paid with no redraw fee.³ You ccould also apply for Reduced Repayments to lower your variable loan’s principal and interest repayments for a while.⁴
You’re in control. Our customer hub lets you know how to use the Westpac App and Online Banking to check your rate, change repayments, redraw, download statements, and more.
More than just our rates. We’re here for our customers during life’s tough times, including job loss support and disaster relief.

Our choice of home loans

With Westpac, you can choose from three main types of home loan:

Rocket Repay Home Loan. Offers a standard variable rate and gives you handy features such as a 100% offset account and redraw facility.
Fixed Options Home Loan. Gives you certainty over your repayments, lets you lock in our fixed rate for 1-5 years, and has a $30k limit on extra repayments, as well as redraw.
Flexi First Option Home Loan. Provides a basic loan with our lowest variable rate, plus unlimited extra repayments so you can get ahead, and redraw.

Both Rocket Repay and Fixed Options can be packaged for an interest rate discount, fee waivers and savings on a range of products – all for a $395 annual fee.⁵ You can also split your loan balance into separate fixed rate and variable rate accounts.

If you need help choosing the right loan for your circumstances, book an appointment with one of our dedicated property finance professionals.

How do I get a home loan?

You have four ways to apply for a Westpac home loan.

1) Apply online and track your application

You can submit a home loan application online for both conditional and full approval and track it all the way to settlement. Applying should only take around 20 minutes, after which you’ll be assigned a home finance manager.

2) Have a lender call you back

If you’d prefer us to complete your application, request a call back. This is the best way to apply if you plan to build a new home.

Request a call back

3) Apply through your broker

If you’d prefer to use a Westpac-affiliated broker, they’ll guide you through your application and answer your questions.

4) Apply in-branch

Locate a branch to call it directly and arrange a meeting.

Application tips as a potential buyer

Being a first-time home buyer, you’ll need to show us proof that you’ve been consistently saving for a deposit (by providing statements) or making timely rent repayments (e.g. by providing a continuous 6-month rental payment history).
To improve your credit score, it may be worth paying off any large credit card debts or personal loans before you apply.
You can have up to two borrowers on a Westpac home loan. If you’re applying online, having the other borrower join the application can speed up the process.

Conditional approval

We can only provide confirmed finance once you’ve chosen a property we can value and approve. But we can give you conditional approval (also known as pre-approval, indicative approval or approval-in-principle) for a certain amount, based on the financial information you supply when applying. Conditional approval:

confirms the deposit you’ll need and the most you could borrow
gives you the confidence to bid at auction or make an offer
means you’ll be treated as a serious buyer by agents
includes a credit report check (after you’ve spoken with a home finance manager), and
is valid for 90 days.

tips

What are some house-hunting tips?

House-hunting can be enormously time-consuming and occasionally frustrating – but also really exciting!

1. Research ideal locations

Doing plenty of groundwork during your property search could help you become a more confident buyer.

Identify areas that match what’s important to you, such as in-area schools, nature, public transport and shopping centres.
Think about taking a short stay in the area.
If it's within 20km of an airport, check flight path maps.
Dig deeper to uncover any current or proposed infrastructure or construction projects, power substations or electrical towers that may affect the property’s value.
If the area is prone to bushfires, storms and floods, you're likely to pay significantly higher insurance premiums – so check with a home insurance provider.
Get a feel for the market and neighbourhood vibes, view sale histories, and search estimated property values^[#], on our Property Market Research page.

2. Use smarts to see what’s on offer

Finding the right property can take time, so expect some disappointment and butterflies along the way. Review real estate sites for the areas chosen, and consider these tips:

Enter your purchase price range and expand the map view to see if any unexpected suburbs pop up.
Set alerts, so you know when a matched property comes on the market.
Check how long a property’s been listed, as frustrated owners might entertain a low offer – though it’s worth exploring why it may be unsold, such as potential structural issues.
Meet with agents and request to be the first called about off-market opportunities.

To avoid some of the time and legwork of house-hunting, you could consider employing (for a fee) a buyer's agent. They specialise in searching for, scoping out and evaluating properties, as well as negotiating or bidding at auction on your behalf.

3. Make the most of open home property inspections

Going from inspection to inspection can be arduous, so optimise the time you spend at each property. But don’t waste time at a place that’s not right for you anyway.

You’ll always find locals at inspections, so chat to them about the area.
Take plenty of photos/videos to jog your memory later.
Note any problems you see, such as sagging ceilings, wall cracks, water stains, wonky roof lines, an old kitchen, corrosion, mould or sloping land.
Ask the agent why the vendor is selling and if there are any known issues with the property.
Bring a measuring tape to make sure your furniture will fit.
If you're keen on a closer look, ask for a private second viewing.

jargon

What does all the house-buying jargon mean?

Every industry has its terminology, and those working in real estate sometimes forget that we’re not all out buying houses every day. So, here’s a quick guide to some of the more commonly used terms.

The 3 main types of property sale

Private treaty. You make an offer, it’s accepted, you pay a ‘vendor’s deposit’ when you exchange signed contracts with the vendor (generally 10%), then you have a ‘cooling off period’. After that, your purchase is legally-binding, but you won’t technically be the owner until ‘settlement’ of the balance.
Auction. You make a winning bid, sign and exchange the contract, and pay a house deposit on-the-spot. Your purchase is now legally-binding, and you’ll become the owner once you ‘settle’ the outstanding balance.
Off the plan. You sign a contract and pay a deposit on a property that’s yet to be built. The balance is payable at settlement – usually when construction has been completed – which can be several years later.

Other terminology

Conditional approval. This relates to your loan. Check that the approval is still valid to have the confidence to negotiate a purchase price or bid at auction.
Conveyancer or solicitor. Use this provider of independent advice to review your contract and loan documents and support you through to settlement.
Address check. This is done by your lender to check if there are any lending exclusions on the property or block, or issues affecting its value.
Contract of Sale. Ask the seller’s agent for a copy as soon as you can, then work with your conveyancer or solicitor so you understand the conditions. Iron out any kinks before you begin negotiations as for example, a 30-day settlement period might prove too short.
Off the plan. If you’re buying a new property before it’s built, research the developer and builder and talk with your home finance manager – because future valuation changes will affect your ‘LVR’. For more, check with your local government: ACT, NSW, NT, Qld, SA, Tas, Vic, WA
Unit strata report. This enables your conveyancer or solicitor to check for poor management, major repairs, disputes, and by-laws, such as no pets or renovation restrictions.
Zoning. Check with your local council for zoning changes and proposed developments, and if the property has an elevated insurance risk of flood or bushfire.

auctions

How do auctions and private sales work?

Even if a property is scheduled for auction, you can still make an offer through the vendor’s agent beforehand. So, it’s worth knowing about both approaches.

Auction basics

Attend a few auctions to get used to the vibe and psychological tactics of auctioneers, real estate agents and bidders.
Ideally, get building and pest inspection reports – which may be provided by the real estate agent.
Register with the selling agent as a bidder or tell them who you’ve nominated to bid for you (which could be an experienced friend).
Ask how the vendor’s deposit amount (normally 10% of the sale price) should be paid, so that you know you can pay on the spot.
Set yourself a limit and be aware of the property’s ‘fair market value’, as exceeding it significantly may impact your loan.
Start bidding. If you’re the winning bidder (and you’ve met the reserve price), congratulations! You now have a binding contract and a legal responsibility to buy the property.

Private treaty basics

Negotiations are generally made through the vendor’s real estate agent.
Once both parties agree on a price, you’ll need to sign the contract of sale and pay your deposit.
Multiple inspection reports are costly, so consider getting them during any cooling off period.
You may decide to make a conditional offer, subject to other factors and checks.
If you already have a building inspection report and issues have been spotted, you could use them to negotiate the price down or ask the vendor to make repairs before settlement.
Once you’ve exchanged contracts you’ll have a cooling-off period to change your mind, but you’ll forfeit some of your deposit if you do so.

finalise

How is my loan finalised?

Almost there! Once you’ve exchanged contracts on a property, we’ll need to value it to provide final finance approval. Our valuation will be based on comparable sales, market conditions and trends in surrounding areas. If needed, we’ll arrange an on-site bank valuation.

If the valuation comes in lower than expected, we'll let you know if there’s any shortfall you’ll need to cover. For example, if your loan-to-value ratio is more than 80%, you could still get full approval if you take out Lenders Mortgage Insurance.

And it’s worth noting that you can still apply for full approval with Westpac even if your conditional approval is with another lender, or they have not yet given you full approval.

If you want to change any features of your loan after your mortgage begins, let your Westpac home finance manager know. In the meantime, they’ll do some final checks and confirm that everything's good.

If you have full approval, they’ll draw up your loan documents, and you’ll see a notification in your online application. They’ll then be in touch to walk you through all the documents you need to sign, including the mortgage documents used to secure your loan.

Remember to go through the fine print, particularly with your conveyancer or solicitor.
Once you sign and accept your loan documents, we’ll begin preparing your loan for settlement and transfer of the property title.
As soon as you get your docs, read, accept and sign them at least two weeks before your settlement is due.

Cover yourself

Depending on your state or territory, buyers either take on the property’s risk on exchange of contract or at settlement. So, we’ll need to know you’re covered with building insurance by settlement. If you packaged^[#] your Westpac home loan, you could get up to 10% discount^[#] on our Home & Contents Insurance or Landlord Insurance. Call 1300 650 255 for more information.

settlement

How does settlement work?

When your property loan is fully approved, we’ll let your conveyancer or solicitor know to book a settlement date. They'll tell you how funds need to be distributed, including the amounts and payees for cheques or transfers.

Settlement day is generally 30-90 days from contract exchange, though it depends on your agreement. Before the day, inspect the property thoroughly to make sure nothing’s changed and that all the fixtures and inclusions match up with the contract. Then speak to the real estate agent if you have any concerns.

Settlement day

You're on the home stretch! On the agreed day, settlement will be managed digitally by your conveyancer or solicitor and Westpac home finance manager.

We'll settle the balance owing using the home loan you’ve taken out, after which the property ownership will be transferred from the vendor to you.

Stamp duty payment is organised by your conveyancer or solicitor.
You’ll need to ensure the money needed to complete the purchase (such as the balance, and professional and government fees) are in your nominated account.
Once both parties have digitally signed all the documents, they’re forwarded to the titles office to register you as the new owner of the property. It’s finally yours!

You'll find your mortgage repayments due dates in your home loan contract, as well as in the Westpac App and Online Banking. These are by far the easiest ways to manage your loan, check repayments and redraw, etc. Learn more here: Managing your home loan

To help you become mortgage-free sooner, Westpac home loans are designed to evolve with you and match your changing lifestyle. Whether you’re in the fortunate position of being able to make extra repayments, you’d like to redraw some funds, or you want to reduce your repayments for a while, we’re here to help.