Home Loans
People look to buy, sell or refinance a home for all sorts of reasons, and it often comes down to what stage of life they’re in. First-home buyers are usually excited (and a bit nervous), just wanting a place that’s truly theirs after years of renting or living at home. Upgraders might already own a property but are craving more space, a better location or a fresh start that fits where their life is heading. Downsizers or retirees have done the big family home chapter and now want something low-fuss that gives them freedom, comfort and maybe even a bit of extra cash in the bank.
Then you’ve got investors, who look at property more like a long-term game plan less emotion, more strategy. No matter which stage you're in, the goal is the same: finding a home that feels right for where life is right now.
Lenders Income Verification
What Home Loan Options Are Out There?
Variable Rate Home Loans
A Variable Rate Home Loan is a type of mortgage where the interest rate can move up or down over time, depending on changes in the lender’s rate or the Reserve Bank of Australia’s cash rate.
Key Features
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Interest rate fluctuates — your repayments may increase or decrease.
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More flexibility — you can usually make extra repayments without penalties.
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Redraw and offset features are commonly available.
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Good if you expect rates to drop or want the freedom to pay off your loan faster.
Variable rate home loans are ideal for:
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Borrowers who want flexibility and control
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People comfortable with changing repayment amounts
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Anyone wanting to make extra repayments or access redraw/offset accounts
Fixed Rate Home Loans
A Fixed Rate Home Loan is a loan where the interest rate is locked in for a set period, usually between 1 to 5 years. This means your repayments stay the same every month, regardless of what happens to interest rates in the market.
Key Features
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Repayments stay consistent — easy to budget and plan.
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Protected from interest rate rises during the fixed term.
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Limited flexibility — extra repayments or early payout may come with fees or caps.
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At the end of the fixed term, the loan usually reverts to a variable rate.
Fixed Rate Home Loans is ideal for:
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Borrowers who want certainty and stable repayments
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First-home buyers or families who prefer structured budgeting
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People who want to lock in rates before potential rate increases
Split Home Loans
A Split Home Loan (also called Part Fixed / Part Variable) lets you divide your loan into two portions — one with a fixed rate and the other with a variable rate.
Benefits
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Best of both worlds — stability from the fixed portion + flexibility from the variable portion
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Can make extra repayments on the variable part without penalty
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Reduces risk — if rates rise, only part of your loan is affected
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Offset/redraw features can apply to the variable side
Split Home Loans are ideal for:
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Borrowers who want some certainty but don’t want to miss out on flexibility
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Those who like the idea of protecting part of their loan from rate rises
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People planning to make extra repayments or use offset accounts
Interest Only Home Loans
An Interest-Only Home Loan is a type of loan where, for a set period (usually 1 to 5 years), you only pay the interest on the loan — not the principal (the actual loan amount).
How It Works
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During the interest-only period, repayments are lower because you're not reducing the loan balance.
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After this period ends, the loan switches to principal & interest repayments, which will be higher.
Interest only Home Loans Are Ideal for:
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Property investors who want to maximise cash flow or claim interest as a tax deduction
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Borrowers needing short-term repayment relief (e.g. during construction or renovation)
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People planning to sell or refinance before the principal payments kick in