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Building a home

Your dream home awaits

Are you building the home of your dreams? Talk to us about how you can pay for it in a way that best suits your needs.


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Should you build or buy?

Some things to consider before you decide to build.


  • Design it the way you want
  • Potential stamp duty savings in certain states and territories


  • Possibility of unexpected costs
  • More decisions to make (such as colours, designs and materials)

Decided to build? There are more decisions to make.

Would you prefer a small or large block? Are you after a modern or classic design? Are you knocking down and rebuilding, buying off the plan or getting a house and land package? 

Once you've narrowed it down, you'll have a clearer idea of the type of loan you'll need.

Choose the right lender with the right construction loan

We have construction loans that could help you save on interest, by letting you make progressive payments as the construction bills come in from the builder or developer.

If you need to finance a block of land, choose one of these land loans:

  • ANZ Residential Land Loan
  • ANZ Residential Investment Land Loan

And if you're building, you could apply for a construction loan:

If you already have a construction loan with ANZ, our Construction Loan checklist (PDF 67kB)disclaimer can help you know what you’ll need to send us for each stage to organise payment.

Things to consider

Apply for pre-approval firstdisclaimer

Before you choose your block and builder, talk to us to get an indication of what you may be able to borrow. This may also help when you speak to your builder or developer, as you'll have a better idea of what extras or variations you can afford.

Buying off the plan

Signing a contract to buy a property before it's completed has some advantages. But it also comes with some potential risks to consider, such as the uncertainty of when the property will be completed.

Make use of your equity with a supplementary loandisclaimer

If you have equity in your existing home or investment property, you can apply to access it with a supplementary loandisclaimer. Choose from an eligible ANZ loan (ANZ Standard Variable, ANZ Simplicity PLUS or ANZ Fixed) that suits your needs best. Then you can use that money for a variety of different purposes according to your needs.

Are you building your first home?

If you're a first home buyer, you may be able to claim a First Home Owner Grant from your state government.

Explore our home loansdisclaimer

ANZ Standard Variable Home Loan


  • Make extra repayments to pay your loan off faster
  • Redraw your extra repaymentsdisclaimer

ANZ Simplicity PLUS Home Loan


  • Competitive variable interest rates and no ongoing fees
  • Make extra repayments any time

  • Repayments are interest only until the loan is fully drawn

Loan package - get a bundle of savings and benefitsdisclaimer


Bundle your home loan, everyday account and credit card into ANZ Breakfree package and enjoy a great range of ongoing features and discounts.disclaimer

What you get

  • Interest rate discounts on nominated loan accountsdisclaimer
  • Credit card annual fee waiverdisclaimer
  • Everyday account fee waiverdisclaimer
  • Optional insurance discountsdisclaimer
  • Choice of variable or fixed home loan options
  • No limit on the number of eligible home loans under the one package. 

For example, you could save over

$2,000 in the first year

if you take out a $250,000 ANZ Standard Variable Home Loan with a  interest rate discount and fee waivers under the Breakfree package. Take a closer look at how you can save

For an annual fee of


Other fees and charges apply

FAQs - get your questions answered

   What are LMI and LVR?

If you're looking to borrow more than 80% of the value of the property you're looking to buy (as determined by ANZ), you may need to pay Lenders Mortgage Insurance (LMI). Banks often call this percentage the ‘LVR’ , which stands for ‘Loan to Value Ratio’. Even though you pay the premiums, LMI protects the lender (ANZ, not you) if you default on your loan. For some property types, LMI might be required when the LVR is less than 80%.

Learn more about ANZ LMI with our Key Fact Sheet (PDF 370kB).


   Should I get an offset account?

If you have money in an everyday banking account, you may choose to move it into an ANZ One offset account. You can link it to your ANZ Standard Variable loan or one-year ANZ Fixed loan to help you save on interest charges. The money you have in ANZ One will offset the amount you owe on your home loan, and you’ll only be charged interest on the difference.

   Principal and interest or interest only?

Let's put it this way: if you choose interest only, the minimum payments of your loan will be lower during the interest only period because you are not required to repay any of the loan principal. You will have to repay the principal down the track and so you may end up paying more over the life of your loan. There may be additional restrictions on the amount you can borrow or loan type you can select if you choose to pay interest only. Choosing to repay principal and interest means that, with each repayment, you're paying off interest charges as well as some of the loan principal.

   How is interest calculated?

Interest is calculated based on the unpaid daily balance of your loan. For example, if you had a loan balance of $150,000 and your interest rate was 6% p.a., your interest charge would be: $150,000 x 6% divided by 365 days = $24.66 for that day. For most ANZ Home Loans, interest is usually calculated daily and charged monthly. For details refer to the ANZ Consumer Lending Terms and Conditions (PDF 412kB) and your letter of offer.

Tips and guides about building a home

Thinking about building? Understand your options

4 minute read

Tossing up between a house and land package and becoming an owner-builder? Here are some things to consider.


Applying for a home loan when buying land

4 minute read

If you’re planning on buying land in a new estate, you probably want to feel certain that you can borrow the balance when it’s time to settle. 



Buying off the plan: pros, cons and how to pay your deposit

7 minute read

Buying off the plan means paying a sizable deposit, then waiting until it’s finished before paying the balance of the purchase price. 


Contact us or apply

Quick start home loan application

Get started in just 5 minutes to apply for a new home loan, refinance, or pre-approvaldisclaimer

Apply online now


Request a call back

Leave your details 


Connect with a mobile lender disclaimer

Find a mobile lender


Visit a branch or ANZ Home Centre

Find your nearest location


Call us

1800 100 641

Mon-Fri 9.00am to 7.00pm (AEST)


You can also chat to an ANZ accredited broker for help with your home buying, investing or refinancing needs.

The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditionsProduct Disclosure Statement and the ANZ Financial Services Guide (PDF) before acquiring any product. 

Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply. Australian credit licence number 234527.

Checklist current as at 31/01/2017. This checklist may not cover all individual scenarios, and there may be circumstances where ANZ may require other documents from you.


ANZ may provide pre-approval (also known as approval in principle or conditional approval) to eligible customers who apply for an ANZ home loan and complete an application form and satisfy any other applicable requirements. Pre-approval is an approval for a loan subject to conditions being met, including that security is satisfactory to ANZ. Australian Credit Licence Number 234527.


Terms and conditions apply including a maximum loan term of 10 years. Minimum loan amounts vary depending on loan type. Fees and charges apply.


Interest rates shown on this page are current as at  and are subject to change. 


The range of interest rates shown incorporate ANZ Breakfree discounts and ANZ Breakfree Special Offer discounts which apply while you hold an ANZ Breakfree package and meet ongoing eligibility criteria. The applicable discount varies based on loan amount, total mortgage lending and other eligibility criteria. Eligibility for interest rate discounts of between 0.75% p.a. and 0.90% p.a.  are subject to ANZ Breakfree Package Special Offer Terms and Conditions (PDF 40kB), which include total mortgage lending requirements, lending to value ratio requirements, and new lending requirements for existing customers. Eligibility for discounts between  and  are based on total mortgage lending requirements and the ANZ Breakfree Terms and Conditions. For details, see ANZ Breakfree package.


Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including a Breakfree package discount (if applicable). These rates are for secured loans only.

WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.

The repayment calculator does not show all interest rates. Our home loan interest rates page shows all available rates, including special offers and discounts when borrowing 80% or less of the property value.


Terms and Conditions and eligibility criteria apply to ANZ Redraw. ANZ Redraw is not available on loans in a company name. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF 412kB).


Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.


The rate shown is the Simplicity PLUS Home Loan index less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.


The rate shown is the Simplicity PLUS Residential Investment Property Loan index less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime. 


Rates shown apply during the interest only period of your loan. After the interest only period, your rate will switch to the applicable variable rate for a principal and interest loan.


Annual package fee currently $395 and subject to change. Eligibility criteria and terms and conditions apply, including a minimum total mortgage lending requirement of $150,000. See ANZ Breakfree Terms and Conditions (PDF 80kB) for details. ANZ Breakfree package benefits only apply while you maintain the package and meet ongoing eligibility criteria. Terms and conditions and fees and charges apply to products and services taken out in connection with an ANZ Breakfree package. 


Interest rate discounts apply to eligible loan accounts linked to the Breakfree package which meet minimum lending requirements (total mortgage lending must be at least $150,000) and apply while you hold a package and meet ongoing eligibility criteria. Annual package fee $395 and subject to change.


The Annual Account Fee is waived on one eligible ANZ credit card account held under an ANZ Breakfree Package. The waiver only applies while the account is held under the package. A Rewards Program Services Fee of $55 per cardholder may apply to ANZ Rewards and ANZ Frequent Flyer accounts.


Account service fee waived on one eligible transaction account (ANZ Access Advantage account or ANZ One offset account).


ANZ Home Insurance, ANZ Landlord Insurance and ANZ Car Insurance are issued by QBE Insurance (Australia) Limited (QBE) ABN 78 003 191 035 (AFSL 239545). This information is of a general nature and has been prepared without taking account of your objectives, financial situation or needs.  You should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. ANZ recommends that you read  ANZ Financial Services Guide (PDF, 107kB) and the relevant ANZ Home insurance Product Disclosure Statement and Policy (PDF 548kB)ANZ Landlord Insurance Product Disclosure Statement and Policy (PDF 760kB)ANZ Car Insurance Product Disclosure Statement and Policy (PDF 463kB), available by calling 13 16 14 or visiting before deciding whether to acquire, or to continue to hold, any of these products. To be entitled to a discount on your insurance you must notify the issuers of these products at the time of application that you are an ANZ Breakfree package customer. Please note for ANZ Home Insurance, ANZ Landlord Insurance and ANZ Car Insurance the discount is only applicable to the first year’s premium. Reference to insurance premium amounts for the purposes of calculating the applicable Breakfree package benefits exclude any stamp duty, GST and other government fees, charges or levies components that are included in the total premium amount paid by you. These discounts are not available in conjunction with any other discount offer made by issuers of these products or ANZ.


ANZ Mobile Lenders operate as an independently operated ANZ Mortgage Solutions franchise of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian Credit Licence Number 234527.