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Land loans and construction loans

We have land and construction loans that could help you get the property you want. And if you’re building, you could save on interest by making progressive payments as they’re requested by your builder or developer, instead of making full payment upfront.

Simpler home loans. What a feeling.

We’ve simplified our home loans and dropped bundled packages. Get discounted interest rates upfront on eligible loans,disclaimerno ANZ set up or ongoing feesdisclaimerand only pay for the extras you want.

No more packages. No annual package fee. Same great rates.

Tell me more

Land loans - if you’re buying land

An ANZ Standard Variable or an ANZ Fixed Rate loan structured as a land loan allows you to purchase land on which you intend to build. ANZ may require you to build your home or investment property within a specific period. Speak to us to find out more information.

 

Make interest only payments disclaimer

You can apply for a loan with interest only payments for up to three years. Making interest only payments may suit you in some circumstances.

Take advantage of our loan features

You may choose to link an ANZ One offset account (for $10 a month) with ANZ Standard Variable or a one year ANZ Fixed Rate or split your loan.

Find the rate for land loans

Flexibility with plenty of features

ANZ Standard Variable

disclaimer

Principal and interest

Comparison ratedisclaimer

 
Discounted standard variable rate when borrowing 80% or less of the property value.disclaimer

 

  • Make extra repayments any time
  • Redrawdisclaimeravailable funds (if you make extra repayments)
  • Save on interest with an offset account ($10 a month)disclaimer

More on ANZ Standard Variable

  

The certainty of fixed repayments

ANZ Fixed Rate

 disclaimer disclaimer

Principal and interest

Comparison ratedisclaimer

 
Discounted 2 year fixed rate when borrowing 80% or less of the property value.disclaimer

 

  • Your interest rate won't change during the fixed period
  • Choose from 1, 2, 3, 4, 5, 7 and 10 year fixed rate termsdisclaimer

More on ANZ Fixed Rate

  

    See all rates Apply online

Have an existing ANZ Breakfree Package and want to link your loan? See here

Land loans fees and other important numbers

fees
  • $0 Loan approval fee
  • $0 Loan administration charge
  • $0 Renegotiation fee
  • $0 Valuation administration fee
  • $0 Guarantee administration fee

These fees may apply, depending on how you choose to manage your ANZ Standard Variable:

fees

 

Fees

ANZ One offset account

$10 per month

 

These fees may apply, depending on how you choose to manage your ANZ Fixed Rate:

fees

 

Fees

Lock rate fee per loan

$750 per $1m in lending (or part thereof)

Early repayment costdisclaimer

Determined at time of early repayment

ANZ One offset account (one year fixed)

$10 per month

 

 

Fees

Late payment fee

$20

Settlement fee

$160

Production fee

$160

Lodgement fee

$160

Search fee

$50

Government charges 

As per individual state or territory fees

 

Loan security fees including Lodgement Fee, Production Fee, Settlement Fee and Search Fee still apply however will not be charged on establishment of a loan. Government fees, including government search fees, may still apply.

For further details refer to ANZ Personal Banking General Fees and Charges (PDF 155kb).

Facts and figures

 

Facts and figures

Minimum new loan amount

$20,000

Maximum loan amount

Subject to ANZ's credit assessment criteria

Maximum loan term

30 years

Note: ANZ may require you to build your property within a specific period

Maximum interest only term

Owner occupied: 3 years

Investment: 1 year

Lenders' mortgage insurancedisclaimer

Usually required if LVR is more than 80%

Construction loans - if you’re building a house

Need a loan to build a house? Apply for either of our ANZ Standard Variable or ANZ Simplicity PLUS home loans. Here's how they work as construction loans:

Make progressive payments

You can progressively draw funds as required during the construction (up to 24 months), so you only pay interest on the funds you've used.

Payments are interest only until the loan's fully drawn down for owner occupied loans

You may choose to keep making interest only payments on ANZ Standard Variable owner occupied loans for a total of up to 5 years. Your interest only period starts from your first progressive payment.

Payments are interest only until the loan's fully drawn down for investment loans

You may choose to keep making interest only payments on an ANZ Standard Variable or Simplicity PLUS investment loan for a total of up to 10 years. Your interest only period starts from your first progressive payment.

Find the rate for construction loans

   

Flexibility with plenty of features

ANZ Standard Variable

disclaimer

Principal and interest

Comparison ratedisclaimer

 
Discounted standard variable rate when borrowing 80% or less of the property value.disclaimer

 

  • Make extra repayments any time
  • Redrawdisclaimeravailable funds (if you make extra repayments)
  • Save on interest with an offset account ($10 a month)disclaimer

More on ANZ Standard Variable

  

Keep it simple with basic features

ANZ Simplicity PLUS

disclaimer

Principal and interest

Comparison ratedisclaimer

 
Interest rate with special offer discountdisclaimer when borrowing 80% or less of the property valuedisclaimer

 

  • Competitive variable interest rates
  • Make extra repayments any time 
  • Repayments are interest only during your construction period

More on ANZ Simplicity PLUS

  

    See all rates Apply online

Have an existing ANZ Breakfree Package and want to link your loan? See here

Construction loans fees and other important numbers

fees
  • $0 Loan approval fee
  • $0 Loan administration charge
  • $0 Renegotiation fee
  • $0 Valuation administration fee
  • $0 Progress payment fee
  • $0 Guarantee administration fee

These fees may apply, depending on how you choose to manage your ANZ Standard Variable:

fees

 

Fees

ANZ One offset account

$10 per month

 

 

Fees

Late payment fee

$20

Settlement fee

$160

Production fee

$160

Lodgement fee

$160

Search fee

$50

Government charges 

As per individual state or territory fees

 

Loan security fees including Lodgement Fee, Production Fee, Settlement Fee and Search Fee still apply however will not be charged on establishment of a loan. Government fees, including government search fees, may still apply.

For further details refer to ANZ Personal Banking General Fees and Charges (PDF 155kb).

Facts and figures

 

Facts and figures

Minimum new loan amount

ANZ Standard Variable- $20,000

ANZ Simplicity PLUS - $50,000

Maximum loan amount

Subject to ANZ's credit assessment criteria

Maximum loan term

30 years

Maximum interest only term

ANZ Standard Variable:

  • Owner occupied: 5 years
  • Investment: 10 years

ANZ Simplicity PLUS:

  • Investment: 10 years

Progressive loan draw down

Up to 24 months

Lenders' mortgage insurancedisclaimer

Usually required if LVR is more than 80%

Your home loan questions answered

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 370kB) or read our article on Lenders Mortgage Insurance.

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.

A $10 servicing fee applies per month per offset account.

Find out more about offset accounts.

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.

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.

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.

  

Contact us

We're here to help. If you need some assistance with your application, or don't meet our online criteria, get in touch. 

Chat with a mobile lenderdisclaimer

Meet an ANZ home specialist at a time that suits you.

Visit a branch

Locate an ANZ branch near you.

 Locate an ANZ branch

 

Call us

Monday - Friday
8am to 8pm (AEST)

1800 100 641

 

Chat to a broker

You can also contact your ANZ accredited broker today.

You might also be interested in

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Build or buy: Weighing up the pros and cons

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Here are some pros and cons to consider when deciding whether to build your own home or buy an existing home.

  

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Applying for a home loan when buying land

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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. 

  

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.

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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Other home loan fees including Late Payment Fee, Lock Rate Fee, Early Repayment Cost (Fixed Rate Loans) and ANZ Equity Manager facility fee still apply. Loan security fees including Lodgement Fee, Production Fee, Settlement Fee and Search Fee still apply however will not be charged on establishment of a loan. Government fees and charges (including government search fees and stamp duty) may still apply.

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Interest only loans are not for everyone and you should consider if this is the right strategy for you. Applications are subject to credit assessment.

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The interest rate shown includes an interest rate discount from the index rate and applies to home loan applications or renewals submitted on and from 19 March 2022. For ANZ Standard Variable, this discount is  for loans with a Loan to Value Ratio (LVR) of greater than 80% and  for loans with a LVR 80% or less. For ANZ Fixed, this discount is  for loans with a LVR greater than 80% and  for loans with a LVR 80% or less. This interest rate discount is not available for eligible loans linked to an existing Breakfree Package. Eligible loans linked to the Breakfree Package will receive an interest rate discount under the Breakfree Package. To view rates that apply to loans linked to the ANZ Breakfree Package and for more information, see here.

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Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. 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.

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

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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).

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Please refer to ANZ Personal Banking Account Fees and Charges (PDF 100kB) for fees and charges that apply.

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

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Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. 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.

Fixed home loans aren’t for everyone and early repayment costs may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period. 

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Rates shown apply during the interest only period of your loan. Choose from 1-5 year interest only terms for owner occupied on an ANZ Standard Variable (Land Loan up to three years) and ANZ Fixed (Land Loan up to three years) and choose from 1-5, 7 and 10 year interest only terms for residential investments on an ANZ Standard Variable (Land Loan up to one year), ANZ Fixed (Land Loan up to one year) and ANZ Simplicity PLUS. If you choose to make interest only payments on ANZ Fixed, your fixed period and interest only period will be the same. After the interest only period, your rate will switch to the applicable variable rate for a principal and interest loan. At the end of the interest only period, minimum repayment amounts may increase to cover principal and interest. Interest only loans are not for everyone and you should consider if this is the right strategy for you.

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For ANZ Fixed Rate loans, you can make early or additional repayments up to a set available tolerance amount (the lesser of 5% of the loan amount at the start of the current fixed rate period or $5,000) each year of the fixed rate period, without triggering an Early Repayment Cost.  An Early Repayment Cost may be incurred if, during the fixed rate period, the available tolerance amount is exceeded, the loan is fully repaid or refinanced, or ANZ agrees to change the interest rate at your request. Please be aware that Early Repayment Costs can be very large. Terms and Conditions apply please refer to the ANZ Consumer Lending Terms and Conditions (PDF 296kB) and ANZ Fixed Rate Loans - What happens if you repay some or all of it early? (PDF 140kB). Alternatively please visit any ANZ branch or phone the Home Loan Hotline on 1800 035 500, 8:00am to 8:00pm (AEST), Monday to Friday.

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Lenders Mortgage Insurance (LMI) is paid by the borrower and protects ANZ in the event that the borrower defaults and a shortfall arises following the sale of the security property. ANZ usually requires LMI where the Loan to Value Ratio (LVR) is above 80% (depending on the type of property). For some property types, LMI might be required when LVR is less than 80%.

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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.

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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. 

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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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