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Home loans / Making the move

Getting ready to buy 

Our lenders are here to help you on your home buying journey.

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Non-Australian residents

  • The Foreign Investment Review Board (FIRB) manages foreign investment in Australia.

    Non-residents and foreign investors can purchase residential property in Australia, provided they submit an application with the Australian Taxation Office (ATO).

    Depending on the type of residential property, whether it’s a new dwelling, established dwelling or vacant land, supporting documents will be required and application fees will apply.

    Learn more about foreign investment in Australia

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Easy English resources

  • If English isn’t your first language, the Australian Government’s free Translating and Interpreting Service can help you communicate with us. We can arrange this service when you call us or visit us in branch.

Frequently asked questions

 Buying a home in Australia involves several key steps:

  1.  Save for a Deposit: Aim to save at least 20% of the property's value to avoid paying Lenders' Mortgage Insurance (LMI).
  2. Calculate Your Borrowing Power: Use our online calculators to determine how much you can borrow based on your income and expenses.
  3. Get Pre-Approval: Obtain a conditional pre-approval to have an estimate and understand of how much you can borrow so you can be confident on the affordability of a property when you make an offer. It can also show sellers you're serious about purchasing.
  4. Research the Market: Look for properties in your desired locations and understand recent market trends.
  5. Make an Offer: Once you find a property, make an offer and negotiate the terms.
  6. Finalise Your Loan: Complete your loan application by providing the necessary documents for formal approval and once approved, receive your loan offer documents to review and sign.
  7. Settlement: After your offer is accepted, go through the settlement process to transfer ownership and the property officially becomes yours.

 

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Things you should know

  • Applications for finance are subject to credit approval. Fees, charges, terms, and conditions apply. As this information has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the information. The target market for our Home Loans can be found within the product’s Target Market Determination.