LOOKING TO SELL YOUR HOME?
From sales tips and property reports to weighing up the costs, we’re here with guides, tools and one-on-one support.
I want to...
Options when selling and buying your next place
One conversation could save you thousands
Talk with a home loan expert. They’ll look at ways to remove or lower some of the costs associated with selling and buying.
How to pay out your Westpac home loan
Fill in our home loan release form if you're closing your loan after selling, paying off your loan, updating its security or refinancing to another lender.
If you’re worried about interest rates and meeting your repayments, our financial hardship team are here with options and genuine support.
Understanding the selling process
Common questions about selling property
Do I have to tell the bank when I sell my house?
Yes, when you sell your home you’ll need to end your loan contract.
Simply submit a home loan release form (AKA discharge authority form) and share it with your conveyancer/solicitor a few weeks before settlement.
What happens when I sell my house for less than I owe?
If your outstanding loan’s greater than the sale price, you’ll need to bridge the ‘negative equity’ gap before settlement. You might need to dip into some savings, sell assets or explore other ways to cover the shortfall.
Things you should know
Credit criteria, fees and charges apply.
This information is general in nature and 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 to your own circumstances and, if necessary, seek appropriate professional advice.
This information is general in nature and 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 to your own circumstances and, if necessary, seek appropriate professional advice.
While the property information available from this page is offered to our customers with the permission of RP Data Pty Ltd, Westpac Banking Corporation accepts no responsibility for the accuracy or completeness of the data. We recommend you seek independent advice before making a decision based on the information. This publication contains data, analytics, statistics and other information supplied to Westpac by RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) (CoreLogic Data). CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in any CoreLogic Data. All rights reserved.
The data and information (including commentary) provided in this publication (together, Information) is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While CoreLogic uses commercially reasonable efforts to ensure the Information is current, CoreLogic does not warrant the accuracy, currency or completeness of the Information and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Information.
An automated valuation model estimate (AVM Estimate) is a statistically derived estimate of the value of the subject property. An AVM Estimate is generated (i)by a computer driven mathematical model in reliance on available data; (ii) without the physical inspection of the subject property; (iii) without taking into account any market conditions (including building, planning, or economic), and/or (iv) without identifying observable features or risks (including adverse environmental issues, state of repair, improvements, renovations, aesthetics, views or aspect) which may, together or separately, affect the value. An AVM Estimate is current only at the date of publication or supply. An AVM Estimate must not be relied upon as a professional valuation or an accurate representation of the market value of the subject property as determined by a valuer. CoreLogic expressly excludes any warranties and representations that an AVM Estimate is an accurate representation as to the market value of the subject property. To the full extent permitted by law, CoreLogic excludes all liability for any loss or damage howsoever arising or suffered by the recipient, whether as a result of the recipient's reliance on the accuracy of an AVM Estimate or otherwise arising in connection with an AVM Estimate.
Contains property sales information provided under licence from the Land and Property Information (“LPI”). RP Data Pty Ltd trading as CoreLogic is authorised as a Property Sales Information provider by the LPI.