LOOKING TO SELL YOUR HOME?
Upsizing, downsizing, selling up or paying out your home loan – we’re here to help.
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 personal objectives, circumstances and needs into account. 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 personal objectives, circumstances and needs into account. You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.