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.
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?
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.
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.
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.
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.
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.
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.
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!
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Great Rate Home Loan
Perfect if you’re after great value and no ongoing fees.
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Ultimate Home Loan
Our ultimate in loans. Offering the flexibility of fixed or variable rate, or a mixture of both.
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Line of Credit
Our Line of Credit helps you make the most of the equity in your home.
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Ultimate Investment Home Loan
Combining great value with a range of features designed to make investing easier.
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Great Rate Investment Home Loan
With low-interest rates and no monthly or annual fees, we've made investing simple.
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Interest rate
5.94
%#
p.a.
Comparison rate
5.95
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
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Interest Rate
6.13
%#
p.a.
Comparison rate
6.50
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
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Interest rate
8.80
%
p.a.
Line of Credit home loan base rate
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Interest rate
6.19
%#
p.a.
Comparison rate
6.56
%^
p.a.
~Discount variable rate, principal and interest
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Interest rate
6.09
%#
p.a.
Comparison rate
6.10
%^
p.a.
~Discount variable rate, principal and interest
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Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Our mobile lenders are more than happy to come to you. Find a lending expert close to you and request a callback today.
Speak to our contact centre
Monday to Friday 8:00am – 6:00pm AEST.
Saturday 8:00am to 1:00pm AEST
*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.
Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273
++ $2,000 cashback for loans ≥$250,000 with LVR of less than or equal to 80%, or $3,000 cashback for loans ≥$500,000 with LVR of less than or equal to 80%,. Applications must be submitted by 31/05/2024 and funded by 31/08/2024. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions. Terms, conditions, fees, charges and credit criteria apply.
~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 for owner occupied Home Loans with an LVR 80% or below and for investment Home Loan 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.
FASTRefi® is a registered trademark of First American Title Insurance Company of Australia Pty Limited ABN 64 075 279 908.
Rate City Gold Award 2024, see http://ratecity.com.au/home-loans/awards for more information
