Buying your home

Buying a new home is exciting. There’s nothing quite like picturing yourself in a new space, and decorating it just the way you want, without the scrutiny of parents or landlords.

Home ownership has been the great Australian dream for a long time, and the allure of our own space still holds a great attraction for many of us.

Of course, it’s also a major financial responsibility. For many of us, it’s the biggest financial commitment we make. So, it’s important to know what we’re in for, and to find the home loan that’s right for us.

Here you can discover the basics of getting a home loan, and get to grips with the jargon.

We explain how different home loans work and what to look out for. Learn the difference between fixed and variable interest, and understand fees and charges you might come across.

Many people find that having an offset account works for them. may help you to pay off your home loan faster and save you thousands of dollars in repayments. Find out how they really work, so you can think about whether an offset account is right for you.

If you’re a first-time buyer there are tips to consider such as what you can really spend, taking account of stamp duty and whether you’re eligible for financial assistance.

There’s also an overview of the first home super saver scheme, which explains how you might be able to use super to help save for a deposit.

Take your time to explore this section, there’s no rush. Like finding the right property to buy, it can take time to find the home loan that suits you just now.