Here to lend a hand

Having bought a home before, you’re probably familiar with the process you need to go through to get things in order. But to make sure you cover all your bases and tick off any new requirements since your last purchase, we’ve put together the following steps.

Step 1

Planning to buy

There are a couple of parts to this one. Have you thought about what you’re going to do with your current property – keep it as an investment, or sell it before buying your next? Your answer to this question will influence your borrowing power. To help work this out and find out how much you could be up for in repayments, use the calculators below.
Step 2

Understand the costs of buying

Whether you’re a property pro or you’re taking your first step on the ladder, it’s good to understand what extras you could end up paying.

  • Lenders Mortgage Insurance
  • Lending fees
  • Moving costs
  • Stamp duty or transfer duty
  • Legal and conveyancing fees
  • Building and pest inspection
  • Utilities and connections
  • Home and contents insurance

Home selling tip!

Don’t forget to factor in the costs for getting your home ready for sale – things like painting, landscaping and repairs.

Step 3

Getting your loan

Now that you’ve considered all the costs, it’s time to find your next home and the best loan to suit your needs.

Compare all home loans


Once you have an idea on how much you can borrow, chat to a lending consultant and get pre-approval for your home loan. Securing pre-approval is a super smart move as it clarifies your borrowing power, what you’ll repay and helps you search for a house in your budget. Pre-approval is free and valid for up to 3 months. This gives you plenty of time and confidence to find your dream first house.

Enquire about conditional approval Download fact sheet
Step 4

Get your next home loan

Before you start packing the moving boxes, don’t forget to cover off these things:

And because there’s so much to think about at settlement, have a read of our Settlement Guide to help you through the process.

Home buying tip!

Although you’ve been through the process before, it’s always wise to get a legal expert to review contracts and other documents.

Continue your home buying journey