Money Hack: This home loan gives you enough Velocity points to get to Abu Dhabi and back

Posted: 8 April 2017 10:00 am

luxury travel

Think taking on a home loan debt will stop you from seeing the world? Think again.

With house prices increasing across Australia, people may be foregoing non-essentials, such as holidays, in order to own their own home. However, there are ways to have your house and eat it too.

The hack

Take out a Virgin Money Reward Me Home Loan and you'll receive 20,000 points for every $100,000 drawn at settlement. This is double the Velocity points normally on offer. The offer is only available for new home loan customers that apply before 14 June 2017 and settle the loan by 15 September 2017.

This means that on a $500,000 home loan, Virgin will give you 100,000 Velocity Points. If you're one of the lucky few who can afford the $1 million median house price in Sydney, you'll get 200,000 points.

Travel options for up to 100,000 Velocity Points:*

Sydney, Melbourne or BrisbaneLos AngelesFrom 44,800 one way or 89,600 return
Sydney, Melbourne or BrisbaneAbu DhabiFrom 44,800 one way or 89,600 return
Sydney, Melbourne or BrisbaneBaliTwo return tickets from 89,200 (22,300 pp one-way)

Travel options for up to 200,000 Velocity Points:*

Sydney, Melbourne or BrisbaneLondon (via Singapore)From 135,200 return
Sydney, Melbourne or BrisbaneNew York (via Abu Dhabi)From 169,200 return
Sydney or MelbourneTokyo (via Hong Kong)Two return tickets from 182,400

*Point calculations accurate at the time of publishing. All routes may have additional taxes and charges.

Find out more about Virgin Money's home loans

finder money hacks is a bi-weekly roundup of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

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