Residential Loans
Rates:
Fixed-rate
Variable-rate,
Interest-only
Split loans
Advantages:
Owning home without full upfront payment
Predictable budgeting with fixed-rate options
Potential tax benefits for investment properties
Flexibility through features like redraw and offset accounts
Variable-rate loans can offer lower initial payments and benefit from rate cuts
Considerations:
High total interest costs over the loan term
Sensitivity to interest rate rises for variable-rate borrowers
Stricter lending criteria and upfront costs (deposit, stamp duty and fees)
The risk of negative equity if property values fall
Reduced cash flow for households committed to long repayment schedules
Interest-only periods can delay principal repayment and increase long‑term cost
New Home
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Established Home
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Off-Plan Purchase
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Renovations
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Retirement
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New Home ... Established Home ... Off-Plan Purchase ... Renovations ... Retirement ...
Deciding whether to buy a home or mortgage your home after retirement or renovate hinges on your long-term goals, budget and the property market.
Purchasing an established property or renovating your current house each offer distinct advantages and considerations.
Let’s tailor what to your needs and goals
RENOVATION YOUR HOME
RENOVATING YOUR HOME:
Renovating allows you to tailor a home to your needs, often at a lower cost than purchasing an equivalent finished property and can increase value if done well. Consider inspection results, council regulations and expected renovation costs, factor in loan availability, stamp duty and holding costs, and weigh disruption and timelines—especially if you’re living on-site—against the benefits of creating a bespoke space. For many buyers, a pragmatic approach is to compare the total outlay and projected value uplift of renovating a suitable existing home versus the price and future prospects of buying elsewhere, then choose the option that best aligns with your finances, lifestyle and risk tolerance. Though renovating demands careful budgeting, permits and disruption. Assess your finances, timeline and lifestyle priorities, inspect thoroughly and obtain professional advice to balance cost, location and long-term suitability before committing.
OFF - PLAN & FURNISHINGS PACKAGES
BUYING A HOME
BUYING A NEW OR ESTABLISHED HOME:
Buying can offer instant access to a location and amenities you want, potential capital growth and a fresh start with less immediate maintenance. New builds provide modern design, energy efficiency and lower maintenance but can carry higher upfront costs and longer wait times;
Established homes often deliver character, mature neighborhoods and immediate move-in availability yet may require updates and hidden repairs;
OFFF-PLAN PURCHASES AND ASSOCIATED FURNITURE PACKAGES:
Loans for off‑plan purchases and furnishing packages provide tailored financing to cover both the purchase price of a property still under construction and the additional costs of furnishing, often through staged drawdowns that align with construction milestones; lenders typically assess the developer’s credentials, construction progress and a buyer’s deposit, offering options such as construction loans that convert to standard mortgages on completion, or packaged loans that include an agreed sum for furniture and appliances, with interest structures, loan‑to‑value ratios and servicing requirements varying by lender—buyers should compare fees, approval conditions and whether funds for furnishings are held in escrow or released on completion to ensure cashflow and repayment obligations are manageable.
NEW HOME CONSTRUCTION
NEW HOME CONSTRUCTION LOANS
New home construction loans are specialised finance products that fund the building of a residence rather than the purchase of an existing property; they typically disburse funds in staged draws to pay builders as construction milestones are met, require detailed budgets and builder contracts, and may carry interest-only payments during the build period before converting to a standard mortgage once construction is complete. Lenders assess risks differently from conventional home loans, often requiring larger deposits, thorough progress inspections, and contingency reserves for cost overruns, while borrowers should compare loan terms, draw schedules, fixed versus variable rates, and potential fees to ensure the financing aligns with the project timeline and budget.
A REVERSE MORTGAGE allows homeowners aged 60 or older to convert a portion of their home equity into tax-free cash while continuing to live in their property, typically without monthly repayments; the loan is repaid when the borrower moves out permanently, sells the home or passes away. It can provide a steady income stream, a lump sum or a line of credit to help cover living expenses, healthcare or home modifications, but it reduces the equity that would pass to heirs and may affect eligibility for government age‑pension supplements and other benefits. Interest and fees compound over time, which can significantly decrease the remaining equity, so borrowers should obtain independent financial and legal advice, compare lenders’ costs and conditions, and consider alternatives such as downsizing or other loan products before proceeding.
October 3-7 | Starting at $500