Should you renovate or relocate?

If you’ve reached the point where your home no longer meets your needs, you face the inevitable decision to either renovate or relocate. Renovate or relocateTo help you explore both avenues, we examine the perks and costs of each approach.

You’ve decided that your current home or postcode no longer complements your lifestyle, but you can’t make up your mind about whether it’s time to upgrade your existing home or to move to a new location. We offer practical advice and considerations to help you decide.

Renovate

Renovating your existing property allows you to create the home you want in the location that you’re already settled in. However renovating also presents various challenges, including the disruption factor, the need to temporarily vacate, as well as the expense and time involved.

Signs that renovation may be a sensible approach include:

  • You plan to stay in the area for the long term
  • The local area provides the amenities and facilities that suit your lifestyle
  • You have the time and budget to invest in a renovation project
  • You are prepared (and have the funds) to temporarily vacate if necessary
  • There is strong demand and price growth in your current area
  • The local council is proactive
  • You are prepared to mitigate the risk of overcapitalising by consulting professionals to ensure that you carefully select your value-adding activities

Benefits

Whether you’re planning a major structural upgrade or small cosmetic repairs, renovating your property can offer several benefits including:

  • Added value. A well-planned renovation can add between 10-15% to the property’s original value especially if you plan to hold on to the property for at least 5 years. You should speak with a local conveyancer and real estate agent to get a feel for how much value your renovation can add to your property.
  • Boost sale price. If you intend to sell the property at some point in the future, a carefully planned and executed renovation can increase the property sale price. You should take proactive measures to ensure that your property will appeal to a large pool of prospective buyers.
  • Avoid sale and purchase costs. Although a renovation can be expensive, you will avoid costs associated with selling and purchasing a new home such as stamp duty as well as legal and agent fees. You can also conduct some DIY tasks yourself which can help to lower costs.
  • Tailored upgrade. Unlike a new home, you can plan your renovation in a way that specifically meets your needs. Whether it’s a growing family, a home office or a retirement lifestyle, you may need to reconfigure the layout and functionality of your home to cater to your future plans.

Considerations

  • Risk of overcapitalising. Overcapitalising occurs when the cost of the renovation outweighs the amount of value added to the property. For instance, imagine you bought your house for $500,000 and then spent $100,000 renovating it. If the median price for similar houses in your area is only $550,000, then you may be out of pocket by $50,000. Overcapitalising is a major risk if you plan to sell your house in the short to medium term.
  • Inspections. Before you renovate your existing property, you should get a building and pest inspection to see if there are any structural factors which may inhibit the success of your renovation project.
  • Budget. Typically a renovation budget should be around 5% of the property purchase price. For example, if you bought a property for $780,000, then you should budget around $39,000 for the renovation. It can be easy to blow out your budget when renovating which is why you should speak with an accountant or financial planner to conduct a cost-analysis to ensure that you stay on track. This is also why it’s essential that you factor in 10% of your renovation budget to allow for contingencies. Learn more about renovation budgeting tips.
  • Careful planning. Renovating requires careful planning and execution so consider whether you have the time and resources to successfully conduct a renovation. There are many home renovation planning apps available which can help you plan and execute your project.

Costs

According to Home Design Directory (2015), the total average cost for a major renovation is $196,818 however this will vary significantly depending on the type and scope of the project, and the quality of work undertaken.

You’ll need to factor in costs for:

  • Professional advice (an accountant or financial planner may charge around $200 per hour)
  • Council fees ($300 - $700)
  • Initial drawings ($3,000 and $8,000)
  • Building inspection ($300 - $500)
  • Labour and installation ($50-$60 per hour or square metre). Find out how much you should be paying for your trades.
  • Material costs (vary widely depending on the supplier)
  • Finance costs (will vary depending on the lender and interest charged)

Finance

Depending on the scale of the renovation, and your financial situation, there are several ways you can fund your renovation, including:

  • With savings
  • Through a loan top-up
  • Refinancing your home loan
  • Taking out a construction loan

You can compare a range of refinancing home loans below to find one that suits your needs.

Rates last updated August 19th, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.59%
3.59%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.64%
3.66%
$0
$0 p.a.
80%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2 million from a convenient online lender.
3.64%
3.65%
$0
$0 p.a.
80%
Low interest rate and limited fees. Add a 100% offset account for $10 a month.
3.49%
4.57%
$0
$395 p.a.
90%
Loans over $150k get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.
3.69%
4.11%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.68%
3.82%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Frequent Flyer Points with this mortgage to spend on flights and more (subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.
3.70%
3.70%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
Earn thousands of Velocity Frequent Flyer Points on your mortgage (subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
3.64%
3.79%
$0
$10 monthly ($120 p.a.)
70%
Low rate, low fee loan for owner-occupiers. You will need a 30% deposit to get this mortgage.
3.88%
4.40%
$0
$395 p.a.
90%
Lock in a very competitive 2 year rate and get package discounts on your credit card and offset account.
3.72%
4.10%
$0
$395 p.a.
80%
New borrowers or refinancers from another lender get a discounted rate with this package loan.
3.69%
3.70%
$0
$0 p.a.
90%
Package your loan and get an interest rate discount and help from an HSBC relationship manager. Low fees help you save even more.
3.84%
3.84%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.65%
3.66%
$0
$0 p.a.
80%
This special rate mortgage has no ongoing fees and offers flexible repayments. Save $595 in establishment fees before 30 September.
3.98%
4.41%
$0
$395 p.a.
90%
Take advantage of a low 3 year fixed rate, 40% offset account and no application fee.
3.75%
3.75%
$0
$0 p.a.
70%
Pay no application or ongoing fees and get a flexible loan with the ability to split up to 6 times.
3.72%
3.74%
$0
$0 p.a.
80%
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
3.54%
3.59%
$0
$0 p.a.
80%
Get a competitive rate, save on fees and access a 100% offset account plus redraw facility.
3.64%
3.64%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
3.68%
3.70%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.65%
3.66%
$0
$0 p.a.
90%
Competitive interest rate and low fees. Available with a 10% deposit. Partial offset account attached (offset up to $15,000).
3.75%
4.00%
$0
$248 p.a.
70%
Borrowers with a 30% deposit can get this competitive rate.
3.64%
3.64%
$0
$0 p.a.
70%
A basic variable home loan that offers a competitive interest rate with no application fees and no ongoing fees.
3.70%
4.13%
$0
$395 p.a.
90%
Package your loan with an eligible credit card for discounts on rates and fees, and get a 100% offset account.
3.74%
3.74%
$0
$0 p.a.
80%
A basic owner-occupier home loan with a low variable rate that requires a 20% deposit.
3.79%
3.79%
$0
$0 p.a.
80%
Access an offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.74%
3.79%
$600
$0 p.a.
80%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.85%
3.85%
$0
$0 p.a.
80%
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan. Split and redraw facilities included.
3.74%
3.74%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, Qld and ACT only.
3.64%
3.69%
$600
$0 p.a.
80%
A competitive variable rate for borrowers with a 20% deposit or more. Guarantor option available.
3.72%
4.11%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.71%
3.71%
$0
$0 p.a.
70%
A variable rate home loan that has a lot of flexible features. This loan has a 100% offset account.
3.74%
3.80%
$0
$0 p.a.
80%
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
4.13%
4.14%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.89%
3.94%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.84%
3.89%
$600
$0 p.a.
90%
Buy your home with just a 10% deposit, few fees and a reasonable interest rate.
3.93%
3.94%
$0
$0 p.a.
80%
A low-fee line of credit loan from an online lender. Unlock the equity in your home and make interest-only repayments with a competitive rate.
3.64%
3.79%
$0
$0 p.a.
80%
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.69%
4.54%
$0
$395 p.a.
90%
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150k receive a discounted rate. NSW, QLD and ACT residents only.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
4.09%
4.11%
$0
$0 p.a.
80%
This variable rate loan keeps the features simple and fees low. This loan is offered by a 100% online lender.
3.89%
4.94%
$595
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying and pay no application or ongoing fees.
4.24%
4.27%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
4.14%
4.81%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.68%
3.69%
$0
$0 p.a.
90%
Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.

Compare up to 4 providers

Advice

Before you decide to renovate, you should enlist the right professional help to ensure that you’re making the right decision. Speak to your bank manager, accountant, financial planner, conveyancer and local real estate agent to make sure that a renovation is feasible and realistic.

Seeking the right advice regarding your renovation can help you avoid pitfalls and common renovation mistakes. These professionals can help you determine the scope of the renovation, whether it can be achieved on time and on budget, and offer advice about the best finance option available and how to avoid over-capitalising.

RelocateRelocating

If the renovation numbers don’t add up or the work involved is too extensive, then relocating may be a better option for you. Relocating involves selling your existing home and purchasing a new one.

It may be time to relocate if:

  • The property no longer meets your needs
  • The amenities and facilities in the area no longer meet your needs
  • The local council is not proactive
  • There is a high risk of overcapitalising
  • The market presents a good time to sell

Benefits

  • Lifestyle needs. It may be beneficial to relocate to a new area if it better satisfies your lifestyle needs. For instance, if you previously lived in a low socioeconomic area with a high crime rate and you’re planning on having children, you may want to move to an area that offers greater security.
  • Property needs. If your existing property is run down or outdated, it may be an attractive option to move into a new property with greater structural integrity.

Considerations

  • Sale ready. Whether you’ve already bought another place or you’re looking, you’ll need to get your property ready to put on the market and find ways to boost the sell-ability of your home. This may involve conducting minor repairs and cleaning. You’ll need to think about hiring a local real estate agent to guide you through the sale process.
  • New location. If you move to a new location, carefully consider whether the market offers positive price growth and better capital gains potential. You may also want to think about whether the suburb hosts the amenities and facilities that you’re after. For example, if you’re sending your children to school next year, you may want to ensure that the property is within close proximity to local schools and parks.
  • Logistics. You’ll need to carefully plan the logistics of moving out of your current property and moving into the new one. This may involve hiring a removalist.
  • Cash-flow. When relocating, you’ll need to think about the likely proceeds you’ll receive, as well as any tax implications from the sale such as capital gains tax (CGT). With the help of an accountant or financial planner, you’ll need to work out whether you need to take out a new loan or refinance your existing loan if it does not offer portability.

Costs

If you decide to relocate, you’ll need to budget for costs such as:

  • Cleaning services ($25 - $30 per hour)
  • Minor repairs ($500 - $700)
  • Sale costs (e.g. an agent’s commission is about 2% of the property value). You can use our property selling calculator to get an idea of all sale costs.
  • Loan exit fees ($250 - $350)
  • Marketing costs ($500 - $800)
  • Conveyancing and legal charges ($600 - $800 depending on complexity of work required)
  • Removalist costs ($100 - $250 depending on the distance you are moving)

Financing your relocation

If you decide to relocate, you'll need to finance your new property purchase. If you own your current home without a mortgage, you may be in the fortunate position of paying for your new property in cash. However, if you still owe money on your current home you'll want to look at your home loan options.

It's a good idea to see if your current home loan is portable. This means your home loan can more from one property to another. There is sometimes a fee associated with this feature, so be sure to ask.

Moving house is also a good opportunity to look at your current home loan rate. You can compare some of the cheapest home loans on offer through finder.com.au in the table below. If you see a rate considerably below what you're currently paying, you should ask your current lender to match it. If they're unwilling, it could be time to refinance to a better deal.

Rates last updated August 19th, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
Special discounted interest rate
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.59% 3.59% $0 $0 p.a. 80% Go to site More info
Tic:Toc Live in Loan Variable Rate - Principal & Interest
Get approved faster with a speedy online application
Low interest rate and limited fees. Add a 100% offset account for $10 a month.
3.64% 3.65% $0 $0 p.a. 80% Go to site More info
loans.com.au Essentials - Variable (Owner Occupier, P&I)
Competitive interest rate and limited fees
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2 million from a convenient online lender.
3.64% 3.66% $0 $0 p.a. 80% Go to site More info
ME Flexible Home Loan With Member Package - LVR <=80% $400k up to $699,999 (Owner Occupier, P&I)
Save on interest with a 100% offset account
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.69% 4.11% $0 $395 p.a. 80% Go to site More info
Virgin Reward Me Variable Home Loan - LVR <= 80% ($500k to $750k Owner Occupier, P&I)
Earn Velocity Frequent Flyer Points with this mortgage to spend on flights and more (subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.
3.68% 3.82% $0 $10 monthly ($120 p.a.) 80% Enquire now More info
3.72% 4.10% $0 $395 p.a. 80% Go to site More info
ClickLoans The Online Home Loan - LVR <70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.70% 3.70% $0 $0 p.a. 70% Go to site More info
Mortgage House Affordable First Home Buyer Special (Owner Occupier, P&I)
A competitive interest rate for first home buyers that keeps fees low. You will need a 20% deposit and can borrow up to 500000.
3.64% 3.68% $0 $0 p.a. 80% Enquire now More info
Homestar Finance Variable Rate Home Loan - Owner Occupier ($900 cashback)
$900 cashback offer on settlement
Get a competitive rate, save on fees and access a 100% offset account plus redraw facility.
3.54% 3.59% $0 $0 p.a. 80% Go to site More info
Yellow Brick Road Rate Smasher Home Loan
A low interest rate home loan with no application or ongoing fees.
3.64% 3.64% $0 $0 p.a. 70% Enquire now More info
Bankwest Complete Home Loan Package Fixed - 2 Year Fixed Rate LVR <90% (Owner Occupier, P&I & $200k+)
Lock in a very competitive 2 year rate and get package discounts on your credit card and offset account.
3.88% 4.40% $0 $395 p.a. 90% Go to site More info
Virgin Reward Me Variable Home Loan - LVR <= 80% ($750k+ Owner Occupier, P&I)
Earn thousands of Velocity Frequent Flyer Points on your mortgage (subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
3.64% 3.78% $0 $10 monthly ($120 p.a.) 80% Enquire now More info
ClickLoans The Online Home Loan - LVR <70% with Offset
Requires a 30% deposit
Enjoy all the benefits of the Basic Home Loan and take advantage of an offset account.
3.70% 3.90% $0 $0 p.a. 70% Go to site More info
Macquarie Bank Basic Home Loan - LVR up to 70% (Owner Occupier, P&I)
This sharp rate product requires a 30% deposit
Pay no application or ongoing fees and get a flexible loan with the ability to split up to 6 times.
3.75% 3.75% $0 $0 p.a. 70% Enquire now More info
Bankwest Complete Home Loan Package Fixed - 3 Year Fixed Rate LVR <90% (Owner Occupier, P&I & $200k+)
Take advantage of a low 3 year fixed rate, 40% offset account and no application fee.
3.98% 4.41% $0 $395 p.a. 90% Enquire now More info
Bank Australia Basic Home Loan - Special LVR <80% (Owner Occupier)
Sharp interest rate and low fees
This special rate mortgage has no ongoing fees and offers flexible repayments. Save $595 in establishment fees before 30 September.
3.65% 3.66% $0 $0 p.a. 80% Go to site More info
HSBC Premier Standard Variable Loan (Owner Occupier, P&I)
Cut down on interest payments with a 100% offset account
Package your loan and get an interest rate discount and help from an HSBC relationship manager. Low fees help you save even more.
3.69% 3.70% $0 $0 p.a. 90% Go to site More info
ClickLoans The Online Home Loan - LVR <80%
Low fee online mortgage
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.84% 3.84% $0 $0 p.a. 80% Go to site More info
CUA Balanced Variable Home Loan - New Lending only (Owner Occupier, P&I)
Competitive interest rate and low fees. Available with a 10% deposit. Partial offset account attached (offset up to $15,000).
3.65% 3.66% $0 $0 p.a. 90% Go to site More info
3.59% 4.74% $0 $395 p.a. 90% Go to site More info
3.75% 4.00% $0 $248 p.a. 70% Enquire now More info
Mortgage Choice Basic Variable Rate - OO LVR <= 70% ($150k +) P&I Only
A basic variable home loan that offers a competitive interest rate with no application fees and no ongoing fees.
3.64% 3.64% $0 $0 p.a. 70% Enquire now More info
loans.com.au Offset Variable - Up to 80% LVR (Owner Occupier P&I)
100% offset account and a 10% deposit option
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
3.72% 3.74% $0 $0 p.a. 80% Go to site More info
Bankwest Complete Home Loan Package Variable - LVR <=90% (Owner Occupier, P&I)
Get this loan with a 10% deposit
Package your loan with an eligible credit card for discounts on rates and fees, and get a 100% offset account.
3.70% 4.13% $0 $395 p.a. 90% Go to site More info
Heritage Bank Discount Variable Home Loan - LVR <=80% (Owner Occupier) New Customers Only
Low interest rate for new customers
Family guarantee option available. Enjoy flexible repayments and a low minimum loan amount.
3.74% 3.79% $600 $0 p.a. 80% Go to site More info
Macquarie Bank Basic Home Loan - LVR ≤ 80% (Up to $750,000 Owner Occupier, P&I)
Flexible, low fee mortgage
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan. Split and redraw facilities included.
3.85% 3.85% $0 $0 p.a. 80% Enquire now More info
Tic:Toc Live in Fixed Rate Home Loan - 1 Year (Owner Occupier, P&I)
Fast online application
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.64% 3.79% $0 $0 p.a. 80% Go to site More info
Bank First First Rate Home Loan - LVR < 80%
Low fees and low interest rate
A competitive variable rate for borrowers with a 20% deposit or more. Guarantor option available.
3.64% 3.69% $600 $0 p.a. 80% Go to site More info
Mortgage Choice Plus Home Loan - OO LVR <=80% ($150k+) P&I Only
A home loan with a competitive rate and plenty of handy features. This product comes with a 100% offset account.
3.81% 3.81% $0 $0 p.a. 80% Enquire now More info
AMP Essential Home Loan  -  $100,000 and above (Owner Occupier)
Get this loan with a 10% deposit
For a limited time, pay no application or settlement fees. You can also take advantage of a free redraw facility.
4.04% 4.07% $0 $0 p.a. 90% Enquire now More info
3.72% 4.11% $0 $349 p.a. 90% Enquire now More info
Auswide Bank Variable Home Loan Plus with Freedom Package - $100K+ LVR <= 90% (Special Offer, Owner Occupier)
Discount special offer with a 100% offset account
A high maximum LVR home loan with redraw facility and additional payments. Get this mortgage with a 10% deposit.
3.76% 4.15% $0 $395 p.a. 90% Go to site More info
Community First Accelerator Home Loan Package - >$250k New Money Offer (Owner Occupier, P&I)
Get interest rate discounts and waived fees on this package loan with a 100% offset account.
3.59% 3.99% $600 $395 p.a. 95% Go to site More info
QBANK Fixed Home Loan - 1 Years Fixed Discounted LVR 90% (Owner Occupier Special Offer)
Get a competitive rate and avoid ongoing fees. This loan is only available to current and former employees of eligible Queensland government organisations.
3.62% 4.49% $0 $0 p.a. 80% Go to site More info
State Custodians Low Rate LOC - LVR up to 80% (Owner Occupier, IO)
Use your home equity with a low rate
A low-fee line of credit loan from an online lender. Unlock the equity in your home and make interest-only repayments with a competitive rate.
3.93% 3.94% $0 $0 p.a. 80% Go to site More info
loans.com.au Offset Variable - Package Offset (Investment, P&I)
Competitive investment package loan
Package your owner occupied loan with investment loan and receive a discounted investment rate. 100% offset account included.
3.97% 3.99% $0 $0 p.a. 80% Go to site More info
Beyond Bank Low Rate Special Home Loan - LVR ≤ 80% (Owner Occupier)
Minimal fees and a 100% offset account
Access an offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.79% 3.79% $0 $0 p.a. 80% Go to site More info
Macquarie Bank Basic Home Loan - LVR up to 70% (Investor, P&I)
Save on fees with this investor mortgage
Investors with a 30% deposit can get this low rate loan to fund their property portfolio.
3.99% 3.99% $0 $0 p.a. 70% Enquire now More info
3.74% 3.74% $0 $0 p.a. 80% Go to site More info
ME Basic Home Loan - LVR <=80% (Owner Occupier, P&I)
Simple residential mortgage product
This variable rate loan keeps the features simple and fees low. This loan is offered by a 100% online lender.
4.09% 4.11% $0 $0 p.a. 80% Go to site More info
UBank UHomeLoan Variable Rate -Discount Offer for Investor Variable P&I Rate
Special discounted interest rate
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required.
3.99% 3.99% $0 $0 p.a. 80% Go to site More info
Yellow Brick Road Empower Home Loan - 3 Years Fixed LVR up to 95% (Owner Occupier P&I)
A competitive 3-year fixed rate loan with a high max insured LVR.
4.29% 4.26% $0 $0 p.a. 95% Enquire now More info
Tic:Toc Invest Fixed Rate Loan - 1 Year Fixed (Principal & Interest)
Flexible low fee mortgage
Enjoy a fast application process and flexible repayment options with this fixed rate mortgage for investing.
3.84% 3.91% $0 $0 p.a. 80% Go to site More info
UBank UHomeLoan - 1 Year Fixed Rate (Owner Occupier, P&I)
Competitive interest rate
A one year fixed rate offer with no ongoing bank fees.
3.59% 4.14% $395 $0 p.a. 80% Go to site More info
ME Flexible Home Loan Fixed - 2 Year Fixed Rate (Owner Occupier, P&I)
Fix your rate for 2 years
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.99% 4.86% $0 $0 p.a. 80% Go to site More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Years Fixed (Owner Occupier, P&I)
10% deposit option available
Borrow up to 90% of the value of the property you're buying and pay no application or ongoing fees.
3.89% 4.94% $595 $0 p.a. 90% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 2 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
10% deposit option available
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150k receive a discounted rate. NSW, QLD and ACT residents only.
3.69% 4.54% $0 $395 p.a. 90% Go to site More info
Mortgage House Advantage Variable Home Loan - LVR 95 Special (Owner Occupier, P&I)
Low deposit loan for investors
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
4.24% 4.27% $0 $0 p.a. 95% Enquire now More info
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Available with a 10% deposit
Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.
3.68% 3.69% $0 $0 p.a. 90% Enquire now More info
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Credit services for Aussie Select, Aussie IQ and Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 ("Aussie"), and its appointed credit representatives. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133 Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Optimizer products is provided by Perpetual Limited ABN 86 000 431 827 (Lender). Credit for Aussie IQ is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. Home loans issued by the Lender are serviced by Macquarie Securitisation Limited ABN 16 003 297 336, Australian Credit Licence 237863 (MSL).

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. ©2018 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

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Advice

When relocating, it’s a good idea to speak to a local agent, conveyancer, accountant and buyer’s agent to help you coordinate the logistics of moving from one property to another.

Belinda Punshon

Belinda is a journalist here at finder.com.au. Specialising in the home loans and property sections, she is passionate about helping Australians improve their financial wellbeing.

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