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ANZ has options which can help you understand bridging finance

If you would like to buy before selling, you could apply for ANZ Bridging Finance to help you purchase a new home while you wait for the sale of your current property.

How does it work?

ANZ Bridging Finance is customised to meet your individual needs, for example:

  • If you need short-term finance to buy a new property, and plan to repay the loan in full when you sell your current property, you can apply for a six-month loan term (12 months if your new property is being constructed).disclaimer
  • You can make interest-only repayments during the bridging finance period followed by a final payment of principal and interest.

Benefits of bridging finance

  • You can purchase a new property without having to sell your existing property first.
  • If you're building a new property, you can remain in your existing home until the new one's ready.
  • A bridging loan term of up to six months (12 months if your home is being constructed) could buy you time to sell your home. 
  • ANZ Standard Variable interest rates apply.

Speak to our home loan specialists about bridging finance.

What are some of the downsides?

  • Not everyone qualifies for bridging finance. Talk to ANZ about whether you qualify before you make any commitments.
  • The time limit on bridging finance (six months, or up to 12 months if you’re building a new home) is a downside if you have trouble selling your home or settlement is delayed. Talk to us for more information.

Other options

Other than bridging finance, we have a number of options available such as supplementary loans or redrawing on your current loan. If you have an existing ANZ home loan and need short-term finance between selling your existing home and buying a new property, you can apply to increase that existing home loan amount to include the new purchase. Once you've sold your existing home you'll need to apply the proceeds to the existing home loan. Speak to one of our home loan specialists.

What's an ANZ Deposit Bond?

An ANZ Deposit Bond takes the place of all or part of the 10% cash deposit usually required up front when purchasing residential property. By guaranteeing your deposit for you, it enables you to defer the payment of your deposit until the settlement date on your new property – so you don’t have to worry about finding your cash deposit right away. An ANZ Deposit Bond can be a smart, cost effective alternative for your home deposit.

Find out more about an ANZ Deposit Bond.

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the Terms and Conditions and Product Disclosure Statement, which are available at anz.com or by calling 13 13 14, before deciding whether to acquire, or continue to hold, the product.

All applications for credit are subject to ANZ's credit approval criteria. Terms and Conditions apply and are available on application. Fees, charges and eligibility criteria apply. 

Particular credit assessment criteria and maximum loan term of 6 months apply (12 months if your property is being constructed). Repayments will be interest only payments followed by a final payment of principal and interest. Bridging finance is only available if you intend to sell your current property within 6 months  (12 months if your property is being constructed) of settlement of your new property. 

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