Building or buying your first home in NSW? Here’s some more details about FHOG and stamp duty concessions.
Watch our bite-size videos on everything from “comparison rates” to “split loans”. You'll be busting the home loan jargon in no time.
Buying your first place can be exciting, but also confusing. We’ve put together a concise step-by-step guide to help you navigate the process.
Our stamp duty and lenders mortgage insurance calculator could help you estimate these property purchase costs.
Estimate how much you could borrow. See how choosing fixed, variable or Interest Only can affect your repayments.
Research the neighbourhood – and whether you can afford to buy there – with our free online full Property Reports.
You can reduce the cost of Lenders Mortgage Insurance (LMI) to $1 if you’re an eligible first home buyer. You’ll need to contribute a minimum deposit of 15% of the property’s bank valuation to be eligible. And submit your home loan application either online, in-branch with our lending experts, or with your broker, who’ll chat about your eligibility and how best to tailor your loan.
Once your application’s been approved, the St.George team will apply this home loan offer by reducing your LMI to $1, which will be reflected in your Loan Offer Documents.
It’s important to keep in mind this offer can be withdrawn or varied at any time. You’ll find the rest of the offer details and eligibility criteria at the bottom of the page under ‘Important information’.
Learn about the different features of your home loan and see how they could affect you.
Credit criteria, fees and charges apply. Based on St.George credit criteria, residential lending is not available for Non-Australian resident borrowers.
Before making a decision, it’s best to read the terms and conditions:
Residential Loan Agreement – General Terms and Conditions (PDF 345KB)
Loan Accounts – Charges for specific services and accounts (PDF 70KB)
Advantage Package - Terms and Conditions (PDF 217KB)
^First Home Buyer LMI Offer: Available for First Home Buyers who apply for their first home loan for their first property with loan to value ratio (LVR) up to 85% at time of formal approval. For new loans with an LVR over 80% a +0.30% p.a. margin applies. For joint applications, only one applicant must be a first home buyer. Owner Occupier Principal and Interest repayments only. Maximum loan size of $850k. Offer current as of 13 July 2020 and can be varied or withdrawn at any time. Only one property to be financed per application. Excludes Residential Investment Loans, Portfolio Loans, Constructions Loans, switches and refinances of home loans within the Westpac Group which includes St.George, Westpac, Bank of Melbourne, BankSA and RAMS. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. Offer not available in conjunction with the Family Pledge option. Your application will be assessed and once approved, you will be charged LMI of $1.00. This will be reflected within the Loan Offer Documents. LMI subject to approval and you must adhere to LMI obligations during the loan agreement. This offer is not an LMI wavier. Lenders mortgage insurance (LMI) is issued to Westpac Banking Corporation ABN 33 007 457 141 (Westpac) and insurers St.George (it is not insurance you take out). This information does not take into account your personal circumstances. Terms, conditions and limitations apply.
+LVR stands for the initial loan to value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
#Advantage Package Terms & Conditions (PDF 217KB) apply. A $395 annual package fee applies and is payable from a St.George Complete Freedom transaction account. Before deciding to open a St.George Complete Freedom account, read the Terms & Conditions, and consider if the account’s right for you.