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Purchasing your home

Home is not a place…It’s a feeling.

We’re here to help for the whole home buying journey.  With helpful guides and Australian based experts conveniently here to help you, the Well product range is ideally suited for those looking to buy a home.  Whether it’s for owner occupiers or investors, you’ll be sure to find a great low rate with us.

Lowest rates from:

3.16%

Interest rate p.a.

3.19%

Comparison rate p.a.
No upfront credit checks so it doesn’t hurt to get started.
Illustration of a lady jumping for joy in front of a newly purchased house

Low rate options for purchasing property

Well Money home loans are award-winning products that are designed to be flexible.  Packed with great features that you can choose if you need it, without sacrificing the super low rate that makes us proud.

With both Variable and Fixed rate options, there’s sure to be a product option to suit you.

Lowest rate

Equity Plus home loan

Variable P&I - Live In

  • 3.16% p.a interest rate
  • 3.19% p.a comparison rate
  • Max 60% LVR
  • 100% Bank backed offset For $10 per month
  • Loan amounts: $100k - $2m
  • Free redraw available
  • Split loans
  • Additional repayments
Do I qualify?

Balanced 80 home loan

Variable P&I - Live In

  • 3.19% p.a interest rate
  • 3.22% p.a comparison rate
  • Max 80% LVR
  • 100% Bank backed offset For $10 per month
  • Loan amounts: $100k - $5m Loan amounts over $2m may be LVR restricted. Get in touch so we can check for you.
  • Free redraw available
  • Split loans
  • Additional repayments
Do I qualify?

Balanced 90 home loan

Variable P&I - Live In

  • 3.83% p.a interest rate
  • 3.86% p.a comparison rate
  • Max 90% LVR
  • 100% Bank backed offset For $10 per month
  • Loan amounts: $100k - $5m Loan amounts over $2m may be LVR restricted. Get in touch so we can check for you.
  • Free redraw available
  • Split loans
  • Additional repayments
Do I qualify?

Balanced 80 Investor

Variable P&I - Live In

  • 3.48% p.a interest rate
  • 3.51% p.a comparison rate
  • Max 80% LVR
  • 100% Bank backed offset For $10 per month
  • Loan amounts: $100k - $5m Loan amounts over $2m may be LVR restricted. Get in touch so we can check for you.
  • Free redraw available
  • Split loans
  • Additional repayments
Do I qualify?

Balanced 90 Investor

Variable P&I - Live In

  • 4.18% p.a interest rate
  • 4.21% p.a comparison rate
  • Max 90% LVR
  • 100% Bank backed offset For $10 per month
  • Loan amounts: $100k - $5m Loan amounts over $2m may be LVR restricted. Get in touch so we can check for you.
  • Free redraw available
  • Split loans
  • Additional repayments
Do I qualify?

NOTE: LMI Premium is payable for all loans over 80% LVR.  Max. LVR’s include Capitalising LMI Premiums into your loan.

Let's get started

Get pre-qualified today

Most other lenders have fairly rigid eligibility criteria and if you don’t fit the checkboxes, then you don’t fit the loan.

Getting pre-qualified with Well means there are no upfront credit reports and you can walk away with answers that you need.

Illustrated people standing around reviewing numbers on a dashboard

Things to consider when buying property

For most of us, buying property isn’t something that we do all that often. It’s an exciting time once you’ve made the decision to become a home owner and we’re here to make the experience a lot less intimidating. Learning how to buy at auction can be also be a great start.

 

Get your research done first

Make sure that you do your research in the area you wish to buy in. It’s a good idea to obtain a property report before you go to auction or make an offer.

This can help you see a sales history and some comparable sales of other properties in the area.

To stay informed on what properties are for sale, you should look to get automated alerts from your favourite property site. We recommend using homely.com.au free alerts – it’s pretty awesome.

Work out your spending

It’s important to always work out what you’re willing and able to spend on a property.

Working out what the most you’ll be able to spend on a property means that you can set your own expectations before setting your sights on something that you can’t afford.

Every lender has a different way of working out the most they will lend you and of course the more the house, the more that you have to pay in government fees too.

Start applying online

Once you’re ready to make an offer or bid at auction, it’s important to make sure that you can get your finance approved.

By obtaining a conditional approval from your lender, you can know exactly what situation you’re in and the vendor knows that you’re serious about getting that property too!

Well makes it easy to apply at any time of the day (or night) using our online tools that take you through the whole process to get your financial picture, at a time that suits you.

How to get started buying property

Once you’ve decided that you want to buy a home, the journey from that point on is one of the most exciting ones that you’ll go on.

It’s also one of the biggest financial decisions of most Australian’s lives. There’s a lot to consider when purchasing a home, and Well helps to make this journey easier.

Get a budget in place

If you haven’t already done this, go and create a budget. There are so many apps out there that this should be something that every Australian does. Once you’ve got this in place, you’ll know straight away how much those mortgage repayments are going to affect your current lifestyle.

Learn what you can afford

It’s important to remember – just because you can borrow something, doesn’t mean that you should. Always get to know what your borrowing capacity is – what the maximum a lender will actually lend based on your finances. Sometimes, this can be higher than what you need, but with your budget in place you’ll know exactly what’s going to be manageable for you. A WellCheck will help you get your personalised scenario in a little as a few minutes.

Know the costs of buying a home

A lot of people don’t realise the additional costs of buying a home. The costs don’t stop with the amount that you pay for your dream home. There’s also a number of government fees that are required to be paid along with your own fees in getting legal advice and even just that thank-you gift for getting your friends to help you move. Well makes this transparent the whole way through your interview so that you know exactly what you’re getting into.

Finding your property

Once you have considered all of the above, you’re probably ready to start looking for that dream home. We recommend using alerts to let you know when something in your price range and ideal locations becomes available so that you can start inspecting. We recommend using homely.com.au for your property search needs.

Feature packed. Super low rates.

Get even more information

Grab our latest brochure or if you want to compare apples with apples and see how the Well Balanced stacks up against others, get a Key Fact Sheet!

100% offset accounts

Convenient and simple way to start saving on your interest. Pop in your salary each month and use the Visa Debit card facility to access your funds.

Split loans

Feel like hedging your bets? Get a little fixed and a little variable – you decide with our split loan options on our low rate loan.

Additional repayments

Make additional repayments when you want to. Some limits do apply for fixed rate loans though.

Free redraw

Once you’ve made enough additional repayment, you can get access to your funds to transfer out. Great for emergencies.

Let's get started

Get pre-qualified today

Most other lenders have fairly rigid eligibility criteria and if you don’t fit the checkboxes, then you don’t fit the loan.

Getting pre-qualified with Well means there are no upfront credit reports and you can walk away with answers that you need.

Illustrated people standing around reviewing numbers on a dashboard