Home loans for different needs including our low rate Basic Home Loan, the Offset Home Loan, and our reduced rate Clean Energy Home Loan.
Guide to buying your first home
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Buying your first home is a big decision - one that comes with unfamiliar terminology, financial impacts and (sometimes) confusing advice. We’ve packaged together our best home buying tips, tools and resources into this guide for buying your first home in hopes it will make the process a little easier.
1. Planning to buy your first home
Here’s where to start when it comes to buying a home. You’ll find our guides that explain the home loan process, as well as tips relating to the big considerations. Like working out a budget to save for a deposit and how to target your search to properties within what you can actually afford.
2. Choosing a bank and home loan
One of our biggest pieces of advice for first-time home buyers is to take your time to research different lenders and what home loans they offer. This is where you can better understand whether a fixed or variable rate is better for you, investigate fees and rates, and explore different perks offered by lenders, such as home loans with offset accounts or complementary credit cards.
3. Getting a home loan
One of the most common questions asked by first time buyers is, "how do I get a home loan?" In this section of our guide, we cover what's involved in applying for a home loan, costs, government schemes to make it easier to buy a home, and learn about timeframes and who does what.
4. Managing your home loan
It’s important to know the ongoing process of managing a first-time home loan. Below, we explain some options that may be available to you to make repayments more efficient or convenient.
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Customer story
“Go for it”: How Murray and Bec switched to electric at their family home
With three young boys and a single bathroom, Murray and Bec desperately needed more space. A COVID renovation was the perfect excuse to make their house more sustainable. Enter Bank Australia’s Clean Energy Home Loan.
Above: Murray and Bec outside their electrified home
