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 May 23rd, 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
3.69%
3.69%
$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%
3.67%
$0
$0 p.a.
80%
A mortgage with a competitive variable rate, limited fees and plenty of flexibility.
3.69%
3.69%
$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.
3.64%
4.03%
$0
$395 p.a.
80%
New borrowers or refinancers from another lender get a discounted rate with this package loan.
3.62%
3.62%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule. Refinance to a UBank loan and you could get $1,000 in your USaver account (offer conditions apply).
3.64%
3.64%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.68%
3.83%
$0
$10 monthly ($120 p.a.)
80%
Get a 100% offset account to save on interest charges, and pay no application fee.
3.69%
3.71%
$0
$0 p.a.
80%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.69%
4.06%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and 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.
3.88%
4.89%
$0
$395 p.a.
95%
Low deposit home loan. Enjoy flexible repayment options while paying limited fees.
3.77%
3.81%
$200
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility.
3.58%
3.58%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
3.69%
3.94%
$0
$248 p.a.
70%
Get a sharp rate and a 100% offset account. Borrowers must have a 30% deposit.
3.68%
3.69%
$0
$0 p.a.
95%
This variable rate loan offers flexible repayments and a redraw facility. Available with a 5% deposit.
3.79%
3.79%
$0
$0 p.a.
80%
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan.
3.49%
4.49%
$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.
3.54%
3.58%
$0
$0 p.a.
80%
Eligible borrowers can get $900 cashback on this loan with a 100% offset account and a redraw facility.
3.69%
3.73%
$600
$0 p.a.
95%
Variable rate home loan from one of the big 4 banks. Available with just a 5% deposit.
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.
3.79%
3.81%
$0
$0 p.a.
90%
Buy your home with just a 10% deposit, few fees and a reasonable interest rate.
3.73%
3.73%
$0
$0 p.a.
80%
Get a 100% offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.69%
4.47%
$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.
3.65%
3.66%
$0
$0 p.a.
80%
This special rate loan comes with no application or ongoing fees, and offers a flexible repayment schedule.
3.78%
3.78%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.69%
4.11%
$0
$395 p.a.
80%
Save on interest with a 100% offset account and save on other ME products with this package loan.
3.89%
4.87%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying and pay no application or ongoing fees.
4.14%
4.81%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.85%
4.05%
$0
$350 p.a.
95%
This high LVR fixed rate loan allows you to borrow up to 95% of the value of the property you're buying.
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.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Points on your mortgage (for a limited time, subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
4.09%
4.12%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
3.99%
4.03%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and pay no application or ongoing fees.
3.59%
4.42%
$600
$0 p.a.
95%
Get a 1% discount for the first two years of your loan and pay no application or ongoing fees.
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.
4.39%
5.42%
$300
$10 monthly ($120 p.a.)
95%
Lock in a fixed interest rate term for repayment certainty.
3.89%
4.97%
$0
$395 p.a.
95%
Get discounts on a range of Commonwealth Bank products and enjoy the option of fee-free extra repayments during the fixed term.
3.89%
4.96%
$0
$395 p.a.
95%
Refinancers can get $1,500 cashback. Conditions apply. Package your home loan with a Qantas rewards earning Amplify credit card.
3.89%
4.88%
$0
$395 p.a.
95%
Refinance from your existing loan and get a $1,250 rebate. Terms and conditions apply. Plus get discounts on a range of Westpac products.

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 May 23rd, 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 - Discounted Rate — borrowing between $200,000 and less than $700,000 (Owner Occupier, P&I)
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees. Refinance to a UBank loan and you could get $1,000 in your USaver account (offer conditions apply).
3.69% 3.69% $0 $0 p.a. 80% Go to site More info
Mortgage House Advantage Variable Home Loan - 80 (PAYG Special No Offset)
A mortgage with a competitive variable rate, limited fees and plenty of flexibility.
3.64% 3.67% $0 $0 p.a. 80% Enquire now More info
Macquarie Bank Basic Home Loan - LVR up to 70% (Owner Occupier, P&I)
Pay no application or ongoing fees and get a flexible loan with the ability to split up to 6 times.
3.69% 3.69% $0 $0 p.a. 70% Enquire now More info
Newcastle Permanent Building Society Premium Plus Package Home Loan - New Customer Offer ($150,000+ Owner Occupier, P&I)
New borrowers or refinancers from another lender get a discounted rate with this package loan.
3.64% 4.03% $0 $395 p.a. 80% Go to site More info
Homestar Finance Variable Rate Home Loan - Owner Occupier ($900 cashback)
Eligible borrowers can get $900 cashback on this loan with a 100% offset account and a redraw facility.
3.54% 3.58% $0 $0 p.a. 80% Go to site More info
ClickLoans Basic Home Loan - LVR <70% with Offset
Enjoy all the benefits of the Basic Home Loan and take advantage of an offset account.
3.64% 3.84% $0 $0 p.a. 70% Go to site More info
Mortgage House Advantage Variable Home Loan - LVR 80% (Owner Occupier, with Offset)
Get a 100% offset account to save on interest charges, and pay no application fee.
3.68% 3.83% $0 $10 monthly ($120 p.a.) 80% Enquire now 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.
3.69% 3.71% $0 $0 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% 4.06% $0 $349 p.a. 90% Enquire now More info
Bankwest Complete Home Loan Package Variable - LVR <=90% (Owner Occupier, P&I)
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
Macquarie Bank Basic Home Loan - LVR ≤ 80% (Up to $750,000 Owner Occupier, P&I)
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan.
3.79% 3.79% $0 $0 p.a. 80% Enquire now More info
Bendigo Bank Connect Package Home Loan - > $150,000 (VIC only, Owner Occupier, P&I)
Add a Platinum Rewards Mastercard with this package loan and you could earn 150,000 Bendigo reward points (Victoria only, terms and conditions apply).
3.79% 4.06% $0 $20 monthly ($240 p.a.) 80% Go to site More info
NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I) First Home Buyer Special
Start your home buying journey with 2 years of fixed repayments and a reasonable rate from a big 4 bank. Available with a 10% deposit.
3.69% 4.86% $0 $395 p.a. 90% Go to site More info
SCU Basic Variable Rate Home Loan
A simplified mortgage with a low interest rate and a redraw facility.
3.77% 3.81% $200 $0 p.a. 95% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
Loans over $150k get a discount off an already low fixed rate. Available for NSW, Qld and ACT residents only.
3.49% 4.49% $0 $395 p.a. 90% Go to site More info
Tic:Toc Live in Loan Variable Rate - Principal & Interest
Go from application to approval in as little as 20 minutes with a variable rate loan from this innovative online lender. Add a 100% offset account for $10 a month.
3.52% 3.53% $0 $0 p.a. 80% Go to site More info
St.George Basic Home Loan - Promotional Rate (Owner Occupier, P&I)
This variable rate loan offers flexible repayments and a redraw facility. Available with a 5% deposit.
3.68% 3.69% $0 $0 p.a. 95% Enquire now More info
Yellow Brick Road Rate Smasher Home Loan
A low interest rate home loan with no application or ongoing fees.
3.58% 3.58% $0 $0 p.a. 70% Enquire now More info
NAB Base Variable Rate Home Loan - Owner Occupier (P&I)
Variable rate home loan from one of the big 4 banks. Available with just a 5% deposit.
3.69% 3.73% $600 $0 p.a. 95% Enquire now More info
Bank Australia Basic Home Loan - Special LVR <80% (Owner Occupier)
This special rate loan comes with no application or ongoing fees, and offers a flexible repayment schedule.
3.65% 3.66% $0 $0 p.a. 80% Go to site More info
ClickLoans Basic Home Loan - LVR <80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.78% 3.78% $0 $0 p.a. 80% Go to site More info
Bank First First Rate Home Loan - LVR < 80%
A competitive variable rate for borrowers with a 20% deposit or more. Guarantor option available.
3.69% 3.74% $600 $0 p.a. 80% Go to site More info
Greater Bank Great Rate Home Loan - Discounted Variable ($150K+ Owner Occupier) New Loans only
New customers can get a discounted variable rate and a fee-free redraw facility. NSW, QLD and ACT residents only.
3.74% 3.74% $0 $0 p.a. 90% Go to site More info
SCU My Life Fixed Rate Home Loan Package - 2 Years Fixed Rate
A competitive rate with no application fee.
3.69% 4.04% $0 $350 p.a. 95% Go to site More info
Greater Bank Great Rate Discount Variable with Family Pledge Home Loan - Up to 110% LVR
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.
3.74% 3.74% $0 $0 p.a. 110% Go to site More info
Beyond Bank Low Rate Special Home Loan - LVR ≤ 80% (Owner Occupier)
Get a 100% offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.73% 3.73% $0 $0 p.a. 80% Go to site More info
Macquarie Bank Offset Home Loan  - LVR<70 (Owner Occupier, P&I)
Get a sharp rate and a 100% offset account. Borrowers must have a 30% deposit.
3.69% 3.94% $0 $248 p.a. 70% Enquire now More info
bcu OMG! Home Loan - (Owner Occupier, P&I)
A low interest rate loan with limited fees and a redraw facility. Principal and interest repayments only.
3.79% 3.83% $600 $0 p.a. 80% Go to site More info
Macquarie Bank Basic Home Loan - LVR up to 70% (Investor, P&I)
Investors with a 30% deposit can get this low rate property investment loan.
3.89% 3.89% $0 $0 p.a. 70% Enquire now 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. Refinance to a UBank loan and you could get $1,000 in your USaver account (offer conditions apply).
3.99% 3.99% $0 $0 p.a. 80% Go to site More info
ClickLoans Basic Home Loan - LVR <70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.64% 3.64% $0 $0 p.a. 70% 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 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.
4.09% 4.11% $0 $0 p.a. 80% Go to site 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.
3.88% 4.89% $0 $395 p.a. 95% 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 90% of the value of the property you're buying and pay no application or ongoing fees.
3.89% 4.87% $0 $0 p.a. 90% Go to site More info
bcu Fixed Rate Home Loan - 3 Years (Owner Occupier, P&I)
A competitive fixed rate mortgage with split facilities and extra repayments. You can get this loan with a 5% deposit.
3.90% 4.78% $600 $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 $150k receive a discounted rate. NSW, QLD and ACT residents only.
3.69% 4.47% $0 $395 p.a. 90% Go to site More info
Yellow Brick Road Empower Home Loan - 3 Years Fixed LVR ≤ 70%(Owner Occupier P&I)
A competitive 3-year fixed rate loan with a high max insured LVR.
4.09% 3.79% $0 $0 p.a. 70% Enquire now More info
HSBC Premier Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier, P&I)
Make up to $10,000 in extra repayments per year and take advantage of a flexible repayment schedule.
3.85% 4.82% $600 $35 monthly ($420 p.a.) 90% Enquire now More info
Mortgage House Advantage Variable Home Loan - LVR 95 Special (Owner Occupier, P&I)
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
4.09% 4.12% $0 $0 p.a. 95% Enquire now 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.
3.96% 3.98% $350 $0 p.a. 90% Enquire now More info
Westpac Fixed Options Home Loan Premier Advantage Package - 2 Years, P&I
Refinance from your existing loan and get a $1,250 rebate. Terms and conditions apply. Plus get discounts on a range of Westpac products.
3.89% 4.88% $0 $395 p.a. 95% Enquire now More info
Bank of Melbourne Basic Home Loan - Promotional Rate (Owner Occupiers, P&I)
Family pledge option available. Get a special discount off Bank of Melbourne's basic variable rate.
3.64% 3.65% $0 $0 p.a. 95% Enquire now More info
Virgin Reward Me Variable Home Loan - LVR <= 80% ($750k+ Owner Occupier, P&I)
Earn Velocity 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
Aussie Select Basic Variable  -  (LVR <= 70%) (Owner Occupier, P&I)
Keep your LVR at 70% or below and enjoy a special discounted rate. Also, pay no application or ongoing fees.
3.79% 3.80% $0 $0 p.a. 70% Enquire now More info
Virgin Reward Me Fixed Rate Home Loan - 3 Years $300k+ Special offer (Owner Occupier, P&I)
Get Virgin Velocity Points at settlement, monthly and every three years, plus the option to make up to $10,000 a year in extra repayments.
3.87% 3.87% $0 $10 monthly ($120 p.a.) 90% Enquire now More info
ANZ Simplicity PLUS Home Loan - Special Offer (Owner Occupier, P&I)
Buy a home with just a 5% deposit and pay no application or ongoing fees.
3.99% 4.03% $0 $0 p.a. 95% Enquire now More info
Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed (Owner Occupier) P&I
Get discounts on a range of Commonwealth Bank products and enjoy the option of fee-free extra repayments during the fixed term.
3.89% 4.97% $0 $395 p.a. 95% Enquire now More info
St.George Fixed Rate Advantage Package -  2 Year Fixed Rate (Owner Occupier, P&I)
Refinancers can get $1,500 cashback. Conditions apply. Package your home loan with a Qantas rewards earning Amplify credit card.
3.89% 4.96% $0 $395 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)
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
Westpac Flexi First Option Home Loan - 2 Years Introductory Special Offer (New Owner Occupier, P&I)
Get a 1% discount for the first two years of your loan and pay no application or ongoing fees.
3.59% 4.42% $600 $0 p.a. 95% Enquire now More info
Aussie Home Loans Logo

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

finder.com.au guarantees the privacy and security of your details

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 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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
Go to site