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Bank Australia open to serve our customers: As an essential service our branches and contact centre remain open to serve our customers with their banking needs during the COVID-19 pandemic. Please use the 'find us' function to view your nearest branch's current operating hours. You can still get in touch with us by phone on 132 888 from 8:00am to 8:00pm, Monday to Friday and 9:00am to 2:00pm Saturday. It may take us longer to answer your call as more customers choose to call rather than come into a branch so thanks in advance for your patience and please take care of yourselves. View details

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You're planning to buy your first home. It's time to think about finance, insurance and other considerations that come with owning a home.

Buying your first home can be a big step, so take your time, do your research, plan, and get some expert advice if necessary. There's some excellent information to assist first homebuyers at moneysmart.gov.au.

Calculate how much you can borrow, including all expenses of a home loan, such as:

  • interest rates
  • stamp duty
  • account keeping fees
  • insurance
  • pre-purchase inspections
  • legal, application, valuation and settlement fees.

Some questions to consider:

  • Do you have a deposit saved? The usual amount is 5 per cent of the purchase price, but the more you can save the better.
  • Will you have to pay mortgage insurance?
  • Have you accounted for all transaction costs (legal, inspections, government charges, financial costs, moving costs)? Up to 5 per cent of the purchase price can be added in just these costs.
  • Do you want to buy an existing property or build your own?
  • Are you eligible for the government's First Home Owner Grant or other assistance?

Get in touch

Apply

for a loan

Call 132 888

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