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Land loans and construction loans

Australia’s most awarded home lenderdisclaimer has 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.

Our land loans - if you’re buying land

Here's how our land loans work:

  • The land loan allows you to purchase land on which you intend to build. ANZ may require you to build your home and investment property within a specific period. Speak to us to find out more information about this.

And here's what you could do:

  • Make interest only repayments.disclaimerYou can apply for a loan with interest only repayments for up to three years. Making interest only repayments may suit you in some circumstances. Note that if you decide this option is right for you, your repayments will be lower during the interest only period but you will have to repay the principal down the track and you may pay more over the life of your loan.
  • Make extra repayments to pay off your loan faster. No extra fees for making additional repayments to your land loan whenever you can.
  • Redrawdisclaimer your extra repayments if you need to. If you've made additional repayments on your land loan, you could apply to access these funds using ANZ Redraw.
  • Take advantage of our loan features. You may choose to link an ANZ One offset account or split your loan.
Rates and fees
Interest rate

See all rates for our loans


Comparison ratedisclaimer

Loan Approval Fee


Loan Administration Charge

$5 per month

Renegotiation Feedisclaimer

$200 or $350 depending on change requested

Progress payment fee

$250 charged when your first progress payment is made

Rates and fees
Minimum loan amount


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)

Redraw fee


Lenders Mortgage Insurance (LMI)

If LVR is more than 80%

What is LVR?

ANZ Residential Land Loan and ANZ Residential Investment Land Loans are available under an ANZ Breakfree package.^

^ANZ Breakfree Terms and Conditions apply, including a $395 annual package fee and eligibility criteria. Visit the ANZ Breakfree package page or ask ANZ for more details.

Our 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, to help you save on interest.
  • Repayments are interest only until the loan's fully drawn down - after that, you may choose to keep making interest only repayments on ANZ Standard Variable loans for a total of up to 5 years. Your interest only period starts from your first progressive payment. If you decide this option is right for you, your repayments will be lower during the interest only period but you will have to repay the principal down the track and you may pay more over the life of your loan.
  • Once the loan has been fully drawn down, you can make extra repayments and apply to redraw them.

ANZ Standard Variable Home Loan


Standard Variable Home Loan Rate - Principal and Interest

interest rate

comparison ratedisclaimer

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

ANZ Simplicity PLUS Home Loan


Simplicity PLUS Home Loan Rate - Principal and Interest

interest rate

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  • Low variable interest rates and no monthly fee
  • Make extra repayments any time

  • Repayments are interest only until the loan is fully drawn

FAQs - get your questions answered

   What are LMI and LVR?

If you need to borrow more than 80% of the amount your property is valued at 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’. LMI protects the lender if you default on your loan. For some property types, LMI might be required when LVR is less than 80%. 

   Should I get an offset account?disclaimer

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, your minimum repayments will be lower during the interest only period because you are not required to repay the principal balance. You will have to repay the principal down the track and you will pay 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 you're actually paying off the total loan amount over the period of the loan, not just the interest charges. Learn more about repayment types

   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.

Contact us, we're here to help

Call a Home Loan Specialist

1800 100 641

Mon-Fri 8.00am to 8.00pm (AEST),
Sat-Sun 8.00am to 6.00pm (AEST)

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All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. 

Any advice 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 Conditions, Product Disclosure Statement and the ANZ Financial Services Guide (PDF, 104kB) before acquiring any product. 

Over the past 16 years, ANZ has been awarded ‘Home Lender of the Year’ by Australian Lending Awards in 2015 and 2016, ‘Home Lender of the Year’ by Money magazine in 2014, 2012, 2010 and 2008-2005, and Personal Investor magazine in 2005, 2004 and 2002-1999. ANZ has also won 'Best Investor' four consecutive years (2011 to 2014) at the Australian Lending Awards, as well as the CANSTAR Bank of the Year - First Home Buyers award in 2015.

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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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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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Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. 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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Converting or renegotiating - We charge a fee for when you renegotiate or convert your ANZ home or residential investment loan or ANZ Equity Manager. The amount of this fee will be as follows:

$200 - If there is no change to the borrowers, the term or amount of the loan or the security provided in connection with the loan, and the repayments are not changing to interest-only repayments.

$350 - If there is a change to the borrowers, the term or amount of the loan or the security provided in connection with the loan, or the repayments are changing to interest-only repayments.

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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.

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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.

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Terms and Conditions, fees and charges apply. Refer to ANZ Personal Account Fees and Charges booklet (PDF 139kB).

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