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 November 19th, 2018
$
Loan purpose
Offset account
Loan type
Repayment 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.
3.59%
3.61%
$0
$0 p.a.
90%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
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 $2000000 from a convenient online lender.
3.57%
3.58%
$0
$0 p.a.
80%
Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.
3.87%
3.91%
$600
$0 p.a.
95%
A home loan with no ongoing fee and a redraw facility that you can borrow up to 95% LVR.
3.54%
3.57%
$0
$0 p.a.
80%
A competitive variable essentials interest rate product aimed at refinancers looking to switch to a lower rate.
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.
3.64%
3.64%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
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.
3.49%
3.53%
$250
$0 p.a.
80%
A very low variable interest rate for borrowers with a 20% deposit. Add a 100% offset account for $10 a month.
3.54%
3.58%
$0
$0 p.a.
80%
Get a competitive rate, save on fees and access a 100% offset account plus redraw facility. $900 cashback offer.
3.68%
3.82%
$0
$10 monthly ($120 p.a.)
80%
Get double Velocity Frequent Flyer Points with this mortgage to spend on flights and more (for a limited time, subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.
3.89%
3.91%
$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.
3.64%
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.
3.79%
3.80%
$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. Plus $1,500 cashback offer for eligible refinancers.
3.75%
3.80%
$600
$0 p.a.
90%
Competitive variable rate mortgage with a partial offset account. Get this loan with a 10% deposit.
3.75%
4.72%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.79%
4.87%
$0
$395 p.a.
95%
Low deposit home loan. Enjoy flexible repayment options while paying limited fees.
3.49%
4.57%
$0
$395 p.a.
90%
Loans over $150000 get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.
3.75%
3.75%
$0
$0 p.a.
70%
A simple mortgage with no application or ongoing fees that has extra repayments plus split and redraw options. Requires a 30% deposit.
3.59%
4.00%
$845
$350 p.a.
90%
Get a low variable interest rate and buy a property with just a 10% deposit. 100% offset account attached.
3.87%
3.91%
$0
$10 monthly ($120 p.a.)
90%
Get Velocity Frequent Flyer Points at settlement, monthly and every three years, plus the option to make up to $10,000 a year in extra repayments.
3.68%
3.70%
$0
$0 p.a.
80%
A competitive variable rate mortgage for owner occupiers that comes with a no fee debit card with a $5,000 limit.
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.
3.64%
3.59%
$0
$0 p.a.
80%
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
3.74%
4.13%
$0
$349 p.a.
90%
Get a sharp rate plus package discounts and a 100% offset account.
3.69%
4.12%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.67%
3.72%
$600
$0 p.a.
80%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
4.17%
4.21%
$600
$0 p.a.
95%
Variable rate home loan from one of the big 4 banks. Available with just a 5% deposit.
3.84%
3.85%
$0
$0 p.a.
70%
Keep your LVR at 70% or below and enjoy a special discounted rate. Also, pay no application or ongoing fees.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
Earn double Velocity Frequent Flyer Points on your mortgage for a limited time (subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
3.79%
3.82%
$0
$0 p.a.
80%
An essentials variable investor mortgage with a high borrowing amount so you can fund a large purchase.
3.75%
4.00%
$0
$248 p.a.
70%
Borrowers with a 30% deposit can get this competitive rate. Cut down on interest costs with a 100% offset account.
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.
3.84%
4.22%
$345
$0 p.a.
80%
Flexible, competitive variable rate that has flexible repayments, split and redraw facilities.
3.59%
3.58%
$0
$0 p.a.
80%
Apply online and get fast approval for this fixed rate, low-fee loan with redraw facilities. Add a 100% offset account for a small fee.
3.89%
4.27%
$0
$395 p.a.
80%
New borrowers or refinancers can get a discounted rate with this package loan.
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.
3.62%
3.62%
$0
$0 p.a.
95%
A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only. Eligible borrowers can get a 15% discount on home and contents insurance for the life of their loan.
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.
3.85%
3.85%
$0
$0 p.a.
80%
Low fee loan with extra repayments. Pay no application and ongoing fees and take advantage of split and redraw options.
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.
3.69%
4.08%
$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.
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.
3.77%
3.82%
$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.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
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 $150000 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.
3.94%
4.95%
$595
$0 p.a.
95%
Borrow up to 95% LVR of the value of the property you're buying and pay no application or ongoing fees.
4.04%
3.93%
$0
$0 p.a.
80%
Fix your rate for 1 year and make interest-only payments.
3.99%
4.62%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.89%
4.24%
$0
$0 p.a.
80%
Fix your rate and minimise repayments for 2 years with this interest-only investor mortgage.
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.
3.89%
3.94%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.

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 November 19th, 2018
$
Loan purpose
Offset account
Loan type
Repayment 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
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
HSBC Home Value Loan - (Owner Occupier P&I)
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
3.59% 3.61% $0 $0 p.a. 90% Go to site More info
loans.com.au Essentials - Variable (Owner Occupier, P&I)
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2000000 from a convenient online lender.
3.64% 3.66% $0 $0 p.a. 80% Go to site More info
Tic:Toc Live in Loan Variable Rate - Principal & Interest
Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.
3.57% 3.58% $0 $0 p.a. 80% Go to site More info
NAB Base Variable Rate Home Loan - Principal and Interest (limited time special offer for owner occupiers only)
A home loan with no ongoing fee and a redraw facility that you can borrow up to 95% LVR.
3.87% 3.91% $600 $0 p.a. 95% Go to site More info
Mortgage House Equity Saver Refinancer Special
A competitive variable essentials interest rate product aimed at refinancers looking to switch to a lower rate.
3.54% 3.57% $0 $0 p.a. 80% Enquire now More info
Homestar Finance Variable Rate Home Loan - Owner Occupier ($900 cashback)
Get a competitive rate, save on fees and access a 100% offset account plus redraw facility. $900 cashback offer.
3.54% 3.58% $0 $0 p.a. 80% Go to site More info
CUA Achieve Variable Home Loan - Owner Occupier, P&I
Competitive variable rate mortgage with a partial offset account. Get this loan with a 10% deposit.
3.75% 3.80% $600 $0 p.a. 90% Go to site More info
SCU My Life Variable Rate Home Loan Package - $150,000+ (Owner Occupier, P&I)
Get a low variable interest rate and buy a property with just a 10% deposit. 100% offset account attached.
3.59% 4.00% $845 $350 p.a. 90% Go to site More info
Well Home Loans Balanced Variable - (Owner occupier, P&I)
A very low variable interest rate for borrowers with a 20% deposit. Add a 100% offset account for $10 a month.
3.49% 3.53% $250 $0 p.a. 80% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
Loans over $150000 get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.
3.49% 4.57% $0 $395 p.a. 90% 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
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000. Plus $1,500 cashback offer for eligible refinancers.
3.79% 3.80% $0 $0 p.a. 90% Enquire now More info
State Custodians Low Rate Home Loan with Offset - LVR up to 80% (Owner Occupier, P&I)
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.68% 3.70% $0 $0 p.a. 80% Go to site More info
Virgin Reward Me Variable Home Loan - LVR <= 80% ($500k to $750k Owner Occupier, P&I)
Get double Velocity Frequent Flyer Points with this mortgage to spend on flights and more (for a limited time, 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
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
RACQ Bank Mortgage Saver Special Home Loan
A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only. Eligible borrowers can get a 15% discount on home and contents insurance for the life of their loan.
3.62% 3.62% $0 $0 p.a. 95% Go to site More info
NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I) First Home Buyer Special
Special discounted rate for first home buyers. Start your home buying journey with 2 years of fixed repayments at a competitive rate plus package discounts. Available with a 10% deposit.
3.69% 4.86% $0 $395 p.a. 90% Go to site More info
Easy Street Standard Variable Special Home Loan
This mortgage combines a very sharp interest rate with a 100% offset account and it's available with a 5% deposit.
3.49% 3.52% $500 $0 p.a. 95% Go to site More info
Heritage Bank Discount Variable Home Loan - LVR <=80% (Owner Occupier) New Customers Only
Family guarantee option available. Enjoy flexible repayments and a low minimum loan amount.
3.67% 3.72% $600 $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)
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.69% 4.12% $0 $395 p.a. 80% Go to site More info
loans.com.au Zip Home Loan
A competitive variable rate mortgage for owner occupiers that comes with a no fee debit card with a $5,000 limit.
3.68% 3.70% $0 $0 p.a. 80% Go to site More info
Online Home Loans Flexi Choice Prime - Standard LVR up to 80% (Owner Occupier, P&I)
This variable mortgage has flexible repayments, a 100% offset account and no application fee.
3.94% 3.98% $0 $0 p.a. 80% Enquire now More info
AMP Professional Package Variable Rate Home Loan - $500,000 to $749,999 (Owner Occupier, P&I)
Get a sharp rate plus package discounts and a 100% offset account.
3.74% 4.13% $0 $349 p.a. 90% Enquire now More info
Virgin Reward Me Variable Home Loan - LVR <= 80% ($750k+ Owner Occupier, P&I)
Earn double Velocity Frequent Flyer Points on your mortgage for a limited time (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
Newcastle Permanent Building Society  Premium Plus Package Fixed Rate - 2 Years Fixed (Owner Occupier, P&I)
Enjoy a discounted fixed rate and the ability to package the loan with other financial products.
3.74% 4.69% $0 $395 p.a. 90% Go to site More info
Tic:Toc Live in Loan Fixed Rate - 2 Years (Owner Occupier, P&I)
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
3.64% 3.59% $0 $0 p.a. 80% Go to site More info
Mortgage House Equity Growth Investor Special
An essentials variable investor mortgage with a high borrowing amount so you can fund a large purchase.
3.79% 3.82% $0 $0 p.a. 80% Enquire now More info
Community First Accelerator Home Loan Package - $250k and over 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
Mortgage Choice Basic Variable Rate - OO LVR <= 80% ($150k +) P&I Only
A basic owner-occupier home loan with a low variable rate that requires a 20% deposit.
3.74% 3.74% $0 $0 p.a. 80% Enquire now More info
Beyond Bank Low Rate Special Home Loan - LVR ≤ 80% (Owner Occupier)
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 Offset Home Loan  - LVR ≤ 70% (Owner Occupier, P&I)
Borrowers with a 30% deposit can get this competitive rate. Cut down on interest costs with a 100% offset account.
3.75% 4.00% $0 $248 p.a. 70% Enquire now More info
ClickLoans The Online Home Loan - LVR <80%
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
Easy Street Fixed Home Loan - 2 Years (Owner Occupier, P&I)
Apply for Easy Street fixed rate home loans and get a competitive loan with a fixed interest rate.
3.85% 4.18% $500 $0 p.a. 95% Go to site More info
Tic:Toc Live in Loan Fixed Rate - 1 Year (Owner Occupier, P&I)
Apply online and get fast approval for this fixed rate, low-fee loan with redraw facilities. Add a 100% offset account for a small fee.
3.59% 3.58% $0 $0 p.a. 80% Go to site More info
Macquarie Bank Flyer Home Loan
Earn tens of thousands of Qantas Points to spend on flights, hotels and more with this variable owner occupier mortgage. Competitive variable rate mortgage that requires a 30% deposit.
3.80% 3.80% $0 $0 p.a. 70% Enquire now More info
Online Home Loans Flexi Choice Prime - Pro Pack LVR up to 80% (Owner Occupier, P&I)
Flexible, competitive variable rate that has flexible repayments, split and redraw facilities.
3.84% 4.22% $345 $0 p.a. 80% Enquire now 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
Virgin Reward Me Fixed Rate Home Loan - 3 Years $300k+ Special offer (Owner Occupier, P&I)
Get Velocity Frequent Flyer Points at settlement, monthly and every three years, plus the option to make up to $10,000 a year in extra repayments.
3.87% 3.91% $0 $10 monthly ($120 p.a.) 90% Enquire now 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
3.89% 4.27% $0 $395 p.a. 80% Go to site More info
Macquarie Bank Basic Home Loan - LVR up to 70% (Owner Occupier, P&I)
A simple mortgage with no application or ongoing fees that has extra repayments plus split and redraw options. Requires a 30% deposit.
3.75% 3.75% $0 $0 p.a. 70% Enquire now More info
Virgin Reward Me Fixed Rate Home Loan - 2 Years LVR < 90 (Owner Occupier, P&I)
Enjoy a competitive fixed rate with no application fee. Earn double Velocity Frequent Flyer Points to spend on flights and hotels. Terms and conditions apply.
3.99% 3.92% $0 $10 monthly ($120 p.a.) 90% Enquire now More info
Easy Street Fixed Home Loan - 3 Years New money offer (Owner Occupier, P&I)
Competitive 3-year rate for homeowners. Comes with a low deposit option and 100% offset account.
3.69% 4.13% $500 $0 p.a. 95% Go to site More info
Newcastle Permanent Building Society  Premium Plus Package Fixed Rate - 1 Year Fixed (Owner Occupier, P&I)
Enjoy a competitive rate with no application fee for this package loan.
3.69% 4.75% $0 $395 p.a. 90% Go to site More info
Virgin Reward Me Variable Home Loan - LVR <= 80% (<$500k Owner Occupier, P&I)
Borrow up to $500000 and earn Velocity Frequent Flyer Points (terms and conditions apply).
3.73% 3.87% $0 $10 monthly ($120 p.a.) 80% Enquire now More info
ClickLoans The Online Home Loan - LVR <70% with Offset
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
Virgin Reward Me Variable Home Loan - LVR <= 80% ($500k to $750k Investor, P&I)
A competitive variable rate home loan with no application fee.
3.99% 4.13% $0 $10 monthly ($120 p.a.) 80% Enquire now More info
loans.com.au Offset Variable - Up to 80% LVR (Owner Occupier P&I)
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
Macquarie Bank Basic Home Loan - LVR ≤ 80% (Up to $750,000 Owner Occupier, P&I)
Low fee loan with extra repayments. Pay no application and ongoing fees and take advantage of split and redraw options.
3.85% 3.85% $0 $0 p.a. 80% Enquire now More info
NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I)
Low deposit home loan. Enjoy flexible repayment options while paying limited fees.
3.79% 4.87% $0 $395 p.a. 95% Go to site More info
Beyond Bank Fixed Rate Home Loan - 3 Year Fixed Rate Home Loan Special (Owner Occupier, P&I)
A flexible 3 year fixed rate loan you can use to buy your own home.
3.83% 4.89% $0 $395 p.a. 80% Go to site More info
AMP Professional Package Variable Rate Home Loan - $750,000 and above (Owner Occupier, P&I)
Package your loan with other AMP products and save on rates and fees.
3.69% 4.08% $0 $349 p.a. 90% Enquire now More info
State Custodians Low Rate LOC - LVR up to 80% (Owner Occupier, IO)
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)
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
AMP Essential Home Loan  -  $100,000 and above (Owner Occupier)
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
Macquarie Bank Basic Home Loan - LVR up to 70% (Investor, P&I)
Investors with a 30% deposit can get this low rate loan to fund their property portfolio. Take advantage of split and redraw facilities.
3.99% 3.99% $0 $0 p.a. 70% Enquire now More info
UBank UHomeLoan Variable Rate -  Discount Offer for Owner Occupied Variable P&I Rate — borrowing less than $200,000
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
3.74% 3.74% $0 $0 p.a. 80% Go to site More info
ME Basic Home Loan - LVR <=80% (Owner Occupier, P&I)
This variable rate loan keeps the features simple and fees low. This loan is offered by a 100% online lender.
3.89% 3.91% $0 $0 p.a. 80% Go to site More info
UBank UHomeLoan Variable Rate -Discount Offer for Investor Variable P&I 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)
Get instant online approval 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)
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)
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)
Borrow up to 95% LVR of the value of the property you're buying and pay no application or ongoing fees.
3.94% 4.95% $595 $0 p.a. 95% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 2 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150000 receive a discounted rate. NSW, QLD and ACT residents only.
3.69% 4.54% $0 $395 p.a. 90% Go to site More info
Aussie Home Loans Logo

Enter your details below to receive an obligation-free quote from an Aussie home loans expert today

By submitting this form, you agree to the Finder Privacy and Cookies Policy and Terms of Use

Applications are subject to approval. Conditions, fees and charges apply. Please note that you need to be an Australian citizen or permanent resident to apply.

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.

By submitting this form, you agree to the finder.com.au Privacy and Cookies Policy, Terms of Use, Disclaimer & Privacy Policy and the Aussie privacy policy.

Aussie Home Loans is both a lender and a mortgage broker, and offers a range of services.

  • FREE Suburb and Property Report with every appointment.
  • Access 3,000+ loans from over 20 lenders.
  • Get expert help with your loan application, including paperwork and eligibility.
  • Over 1000 brokers who are able to help you in your local area.

Aussie Home Loans Lender Logos

The Adviser’s number 1 placed mortgage broker 5 years running (2013-2017)

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.

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site