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Say good-bye to renting - Greater Bank

Say good-bye to renting

Maybe you’ve just realised how much per year you’re paying in rent, or you’re sick of dealing with the drama of finding a room-mate each time your lease is up. Whatever the reason, you’re in the right place.

Say good-bye to renting - Greater Bank

Plan your next move

Once you make the decision to kick rent to the kerb, you need to figure out how you can make it happen. Are you going to be able to keep renting and save money? If not, what are your options – can you move back in with family? Or live rent-free with friends? Making the move from renting to owning will require a rather large initial outlay.

Once you’ve got this figured out, you need to start thinking about what sort of place will suit your needs to buy. Do you need more space? How many bedrooms do you want? Do you need a garage? Is a house or apartment a better option?

Set up a budget

1. Ready to buy?

Once you have the blueprints for removing renting from your life, you need to understand the process of buying your first home. Check out our first home buyer’s guide now.

First home-buyer's guide

2. Plot your savings journey

Once you’re familiar with what it takes to buy a house, you should set up a budget to save for the initial costs you’ll face. The great thing is, if you’ve been renting, chances are you know how to manage your money. Sticking to your budget will enable you to reach your savings goal of a housing deposit sooner.

Savings goal calculator

Use our budget calculator

Getting a better picture of your finances is just a couple of clicks away. Simply enter your details and see how much you could be saving.

Budget calculator

Build a nest egg

Once you know how much you need to save, and you’ve got your savings journey mapped out, it’s important to make your money work as hard as possible.

Every cent counts when you’re saving for something big, so getting the right account can be a big help.

A high-interest savings account helps you grow your money by paying you a higher rate of interest when you make deposits and don’t dip into your savings.

Bonus Saver

Bonus interest 0.50 % p.a.
Calculated daily, paid monthly
Bonus Saver rewards you for your good saving habits. Just make at least one deposit in a calendar month, and no withdrawals to be rewarded with bonus interest. Too easy.

Get the right finance

If you’re sick of feeling like you’re being ripped off by paying high rent, then the last thing you need is to feel like your bank is ripping you off once you decide to buy your own place.

Getting the right deal for you on your home loan is important, so you should try to find a genuine, responsible, expert lender who’ll take the time to assess your needs and offer the best deal for your circumstances.

At Greater Bank, we’ve been helping Australians own their own homes for over 70 years. If you would like to speak to a friendly lending expert, all you need to do is get in touch.

Did you know?

You're able to borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage.

Family Pledge Loan

Say good-bye to your landlord

Once you’ve finalised your finance and found the perfect property, all that’s left to do is book the removalist and move in. 😆

The feeling that you’ll get knowing that you’ll never have to make a rent payment again will be worth all your hard work. Trust us!

Can't quite find what you're after?

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Can’t make it to a branch?

Our mobile lenders are more than happy to come to you. Find a lending expert close to you and request a callback today.

Find a lender near you

Get in touch

Speak to our lending contact centre
Monday to Friday 8:30am – 5:30pm AEST.
Saturday 9:00am to 1:00pm AEST

1300 721 253

Compare Home Loans

Compare 5 products
Ultimate Home Loan
Our ultimate in loans. Our Ultimate Home Loan offers the flexibility of fixed or variable rate, or a mixture of both. What's more, it features a linked offset account and unlimited free online redraws.
Great Rate Home Loan
Our simple, low rate loan that’s perfect if you’re after great value and no ongoing fees. Our Great Rate loan lives up to its name and offers flexible repayment and loan term options.
Line of Credit
Our Line of Credit helps you make the most of the equity in your home. Great if you’re thinking about renovating, investing, or just want more flexibility.
Ultimate Investment Home Loan
Our Ultimate Investment loan combines great value with a range of extra products designed to make investing easier.
Great Rate Investment Home Loan
With low-interest rates and no monthly or annual fees, we've made investment simple.
Interest Rate 1.69 % p.a.
Comparison rate 3.72 %^ p.a.
~1 year fixed, owner occupied, principal and interest
Interest rate 1.69 % p.a.
Comparison rate 3.49 %^ p.a.
~1 year fixed, owner occupied, principal and interest
Interest rate 4.00 % p.a.
Ultimate Line of Credit home loan base rate
Interest rate 2.19 % p.a.
Comparison rate 4.10 %^ p.a.
~1 year fixed, principal and interest
Interest rate 2.69 % p.a.
Comparison rate 3.51 %^ p.a.
~5 year fixed, principal and interest
Key Features
Great if you want a packaged home loan with a low rate and added benefits.
Key Features
Great if you want a low-rate no-frills home loan.
Key Features
Great if you want a continuous credit facility to access the equity in your home.
Key Features
Great if you want a great value packaged loan to invest in property.
Key Features
Great if you want a simple, no-nonsense investment loan with competitive rates.
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Yes. Available once loan reverts to a variable interest rate.
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
$395 p.a. Package fee
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20%-25% dependent on security taken
Maximum loan term
N/A
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
$10 per month
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Yes. Available once loan reverts to a variable interest rate.
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
$395 p.a. Package fee
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
Enquire now Ultimate Home Loan Enquire now Great Rate Home Loan Enquire now Line of Credit Enquire now Ultimate Investment Loan Enquire now Great Rate Investment Loan

Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria. Greater Bank Limited ABN 88 087 651 956. AFSL/Australian credit licence No. 237476.

~At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.

^Comparison rate is based on $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

#Discounted rates include a discount on Home Loans of $150,000 or over and Home Loans with an LVR 80% or below and apply to new borrowings only. Discounted rate not available for Line of Credit facilities.

+Additional costs may apply if your loan has a fixed rate.

All new interest-only home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rate. All new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Line of Credit base rate. The all-up interest rate which includes any margins, will be set out in your credit contract. View our Terms and Conditions.