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Buying your next home

Unsure about your next property move? Whether you’re after a new family home or investment property to rent out, we can help you explore your options, so you can get to a good place.

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The information on this page does not apply to ANZ Plus products

Getting started: your next home journey

Do you want to upgrade or downsize your family home, or are you looking to buy an investment property? If it’s been a while since you last purchased property, explore our articles to get a refresher on the process. Or if you have different needs this time around, consider your next steps.

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Buy first or sell?

If you’re looking to make your next property purchase, you probably have a lot of questions. Wondering whether to sell your existing property or buy first? Want to use the available equity in your existing home? And what about bridging loans? We’ll provide some information for you to consider to help you make your next property move with confidence.

Find out more

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Use our next home calculator

Try this calculator to compare estimated costs for your next move. Create multiple scenarios, understand the approximate expenses for buying, selling or renovating, and view each scenario side by side to help you choose.

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Talk to our specialists

Unsure about your next step? An ANZ Home Loan Specialist can help you navigate your home loan options, so you can make your next property move with confidence.

Leave your details with us and we'll call you back within 2 business days.

Request a call back

 

Selling your home

Here’s the ins and outs of selling your home – from the process to the approximate costs involved. Access our free property reports to understand how much equity you may have or estimate what your home could be worth, and weigh up whether a bridging loan may work for you.

 

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Get a free property equity report

Want to use the available equity in your home to help buy your next property? Get a free ANZ Property Profile Equity Report to help you understand how much equity you may have and how you could use it.disclaimer

Get your report now

Finding a new property

Upgrading, downsizing or looking for an investment property? Understand the costs involved in buying your next property, apply for pre-approvaldisclaimer and read up on everything from inspections to what home loan options could be available to you.

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The costs of buying a home

While the purchase price, including the deposit, is the biggest cost of buying property, it’s easy to overlook the other costs involved in buying a home. Take a look through common costs that you may want to budget for.

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Apply for pre-approvaldisclaimer

Want to start house hunting? ANZ home loan pre-approval can give you more certainty of how much you could borrow, so you can feel more confident about making an offer.

Apply for pre-approval

 

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Compare ANZ home loans

Whether you’re buying a property to live in or rent out, use our home loan comparison tool to help you decide which ANZ home loan may suit your needs.

Compare home loans

Buying your next property

The finish line is in sight! Understand the difference between buying at auction or via a private sale, and get up to speed with how the property settlement process works.

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Property auction vs private sale

Understand how private sales and auctions work.  Explore the benefits and drawbacks of each so you can understand what's involved in the process of making offers and bids.

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Connect with our home loan specialists or apply

Our ANZ Home Loan Specialists can help you with a whole range of things, such as:

  • Applying for a new home loan
  • Refinancing a home loan
  • Managing your existing loan
  • Helping you understand your ANZ Home Loan options so you can make your next move with confidence

Get support in a number of ways:


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Let us come back to you

Provide your details and one of our Home Loan Specialists will contact you via phone or email.

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Response time is 1-3 days.

Request a call back

 

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Make an appointment

Discuss your needs with one of our home loan specialists over the phone or at your nearest branch.

Book an appointment


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Call us now

With extended hours, you can get in touch with someone quickly.

Monday-Friday 8am-8pm (Sydney/Melbourne time)

Call 1800 100 641


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Meet with an ANZ Mobile Lenderdisclaimer

ANZ Mobile Lenders will go the extra mile with the experience and knowledge to navigate all ANZ home loans. Enjoy the convenience of meeting wherever and whenever suits you best. ANZ Mobile Lenders are dedicated ANZ Home Loan Specialists who can provide personalised service where and when it suits you.

Find your ANZ Mobile Lender


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Start your application online

Kick things off online and an ANZ Home Loan Specialist will contact you to help with the remainder of the application process.

Apply online now


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Talk to your broker

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

 

Common questions about
buying your next home

When you purchased your first home, it’s likely you saved a sizeable deposit. Now that you already own your first home, any equity that you’ve built up in that property could be put towards the deposit on your next home. This means you could potentially buy your second home with little or no cash deposit depending on your circumstances.

Depending on your income, living expenses and how much you owe on your home loan, you might be able to refinance or apply for a supplementary loan, using your home as security. However, you should understand that the more you borrow against the value of your home, the higher your repayments are likely to be. This also means you could be at greater risk of losing your home if you cannot meet those repayments. You should seek advice from your financial adviser and registered tax agent before engaging in such a strategy.

If you have equity in your home or an investment property, you can talk to an ANZ Home Loan Specialistdisclaimer about how you may be able to take advantage of your equity to buy your next property.

Working out how much you can spend on a property is a big decision. When you start house hunting, you might want to apply for pre-approval to estimate how much a lender will let you borrow. ANZ home loan pre-approval gives you more certainty of how much you can borrow. You can also apply to see if your pre-approval can be extended, giving you extra time to find the right property.

Apply for ANZ home loan pre-approval 

A bridging loan helps you buy a property before you sell your current home, which could give you some breathing space to get your current home ready for sale.

Just like a traditional home loan, you can get pre-approval on bridging finance – so you can house-hunt with confidence knowing how much you could borrow.

You may be able to borrow up to 80% of the value of the new home (known as your Loan to Value Ratio, or LVR).

With ANZ, you have up to 12 months from when you settle on your new home, to sell and settle on your current home. This gives you time to prepare your home for sale without a rush, and to plan for settlement.

Find out more about ANZ bridging loans

A comparison rate is designed to help you work out the total cost of a home loan by building the known costs like up-front and ongoing fees into that rate. It doesn’t include things like government charges, redraw fees or fee waivers. 

You can use comparison rates to help you compare the cost of different home loans with similar features. When deciding which home loan is right for you, it’s important to think about what features each home loan offers, and how much these matter to you. Keep in mind that you may not necessarily pay the comparison rate that is advertised for your loan type.  This is because, for example, you may not pay all the fees and charges which the comparison rate includes.

  

If you choose interest only, the minimum payment amount on 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.

Learn more about payment types.

  

LVR stands for 'Loan to Value Ratio' and it's the amount you’re looking to borrow, calculated as a percentage of the value of the property you want to buy (as assessed by ANZ). For instance if you’re borrowing $400,000 to buy a $500,000 property, your LVR would be 80% (because $400,000 is 80% of $500,000).

LVR is important because it may affect your borrowing power. Generally, the lower the LVR the better, as it carries less risk for the lender. If your LVR is above 80% (that is, you're looking to borrow more than 80% of the value of the property you want to buy), you may need to pay Lenders Mortgage Insurance (LMI). This insurance protects the lender - ANZ, not you - if you default on your home loan and there’s a shortfall following the sale of the property. Generally speaking the higher your LVR, the more LMI will cost.

Learn more about ANZ LMI with our Key Fact Sheet (PDF) or read our article on Lenders Mortgage Insurance.

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

  

All our eligible fixed and variable rate home loans come with a discount off the index rate applied upfrontdisclaimer(without needing to pay an annual home loan package fee). The interest rates shown here include those discounts.

If you’re considering our Standard Variable home loan, you may be able to access a further discount off the index rate than shown above, depending on your situation. This is because the rate discount you can access for this home loan depends on your Loan to Value Ratio (LVR) and other financial circumstances. To find out if you could access a lower rate for our Standard Variable loan, have a no-obligation chat with one of our specialists.

To estimate home loan repayments with a new home loan

  1. Enter the details of the type of home loan you’re looking for then choose an ANZ rate from the interest rate drop down. 
  2. You can ‘Add a new scenario’ and choose a different ANZ home loan rate to compare estimated repayments for different scenarios side by side.

To compare current and future estimated repayments based on a different rate

  1. Enter the details of your existing home loan. If you have a redraw balance on your loan, add that amount on top of your existing loan amount. For instance if you have a loan balance of $600,000 plus a $50,000 redraw amount, enter $650,000 as your loan amount. Any redraw balance will have an effect on your estimated repayments.
  2. Choose ‘Enter my own interest rate’ and enter your current interest rate to see your approximate current repayments. (To check your current interest rate, log in to ANZ Internet Banking and click on your home loan account, or in the ANZ mobile app tap your home loan account and go to 'View home loan details’.) 
  3. Tap ‘Add a new scenario’ and either choose an ANZ rate from the drop down menu or enter your own rate to see estimated repayments based on the different rate.
  4. Compare your current and estimated new repayment for a different scenario to see the difference.
  

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.

ANZ Property Profile Reports are not personal advice or a recommendation. They contain general information only and do not take into account personal needs and financial circumstances. They are for personal use only. Price range estimates and estimated total equity are estimates only. They are based on certain available information and/or equity estimates provided when ordering an ANZ Property Profile Report. An ANZ Property Profile Report is not a valuation of the property or a guarantee of its market value or future sale price. Price range estimates may change daily and the actual sale price (if the property is sold) may be different.  Customers should make their own enquiries and obtain independent financial and legal advice before deciding whether to use their equity to invest in property, renovate or deciding the price they are willing to pay for a property. Sales history and past performance are not indicative of future price or performance.

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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.

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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.

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ANZ does not provide personal financial advice, and any discussion will be a review of your home loan only.  Terms and Conditions (PDF) fees, charges, credit approvals and eligibility criteria apply to ANZ Home Loans. 

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Eligibility criteria applies to the Special Offer discount for ANZ Simplicity PLUS, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

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