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The Clever Way Home
A podcast series designed to help simplify the home buying process.
Hosted by Sophie Tieman
ABOUT

The home buying process made simple

Have you always wanted to own your own home, but lately you've been feeling like it's such a hard process that's just out of reach?  Many young Australians are feeling this way, but you don't have to!

We've teamed up with Sophie Tieman in our new podcast series 'The Clever Way Home', to break down the often-confusing processes of buying a home. With the help of home lending experts, we'll cover topics like how do I get myself loan ready? Am I eligible for any government schemes? What happens after I put in an offer?

The Clever Way Home podcast will guide you through each step of the home buying journey to help you get your slice of the Great Aussie dream.

All The Clever Way Home episodes
Episode 10 - Latest
17 March 2022 11 min 19 sec
I bought a home... Now what?
Having your offer accepted isn’t the last step in the home buying journey, there’s a couple of thing...
Episode 9
14 March 2022 13 min 6 sec
Making the offer
How do you make an offer on a property? Does the process differ depending on the type of property yo...
Episode 8
10 March 2022 12 min 59 sec
Finding the perfect property
Looking for a property is one of the most exciting parts of the home buying journey. But how do you ...
Episode 7
7 March 2022 12 min 50 sec
Applying for a loan
What actually happens when it comes time to apply for a loan? Who do you need to talk to and what do...
Episode 6
3 March 2022 12 min 7 sec
Loan types: fixed vs. variable
Choosing a loan type is an important decision as it determines how you will pay off your home loan, ...
Episode 5
28 February 2022 10 min 34 sec
Buying options
These days, you don’t just have to save a deposit and buy with your partner. There are lots of diffe...
Episode 4
24 February 2022 11 min 55 sec
Perks for first home buyers
You may have heard about government grants for first home buyers, but you may not know exactly what ...
Episode 3
21 February 2022 12 min 7 sec
Tips for saving
Whether you love it or hate it, saving is an important factor when it comes to buying a home. Join S...
Episode 2
17 February 2022 12 min 18 sec
How much will I need?
You might think that all you need to buy a home is a deposit… but there are a couple of additional c...
Episode 1
15 February 2022 12 min 39 sec
Making myself loan ready
How can you ensure you put yourself in the best position possible when beginning your home buying jo...
Trailer
31 January 2022 1 min 19 sec
The Clever Way Home - Trailer
Learn how to buy a home as Sophie Tieman explores the process with Great Southern Bank’s home lendin...
FAQS

Home loans explained

Want to learn more about some of the topics we’ve discussed in our podcast episodes? Check out these frequently asked questions.

How much should I aim to save for my deposit?

The deposit you contribute is considered the “equity” you hold in the property (obviously the higher the better).

We know that it can be hard to reach a 10% deposit, and harder to reach 20%. So, we have loan options available from as little as a 5% deposit.

Smart ways to reach your deposit goal

Great Southern Bank has some clever tools to help you achieve your goals faster.

  • Save every time you spend with The Boost
  • Avoid temptation – hide your savings in The Vault
What is stamp duty?

Stamp duty is a state government charge or tax. The amount is based on the purchase price of the property and is different in every state and territory. Some first home buyers may get a discount or not be required to pay it at all. We can help you work this out.

What is LMI (Lenders Mortgage Insurance)?

If your deposit is less than 20% of the property's value, most financial institutions will require Lenders Mortgage Insurance (LMI). LMI is taken out to protect the lender in case of default. It's a one-off cost and is generally included in the total value of the loan.

Fixed interest rate vs variable interest rate loans

Fixed interest rate loans

  • Give you more certainty and make it easier to budget because you know exactly what your repayments will be for a set period (1, 2, 3 or 5 years).
  • Protect you against interest rate rises. However, if interest rates fall, you miss out on the savings.
  • If you decide to change banks, sell your home, or pay off your loan within the fixed period, you may be charged an early payout cost.

Variable interest rate loans

  • Usually give you more features and flexibility, such as the ability to make extra repayments, or the ability to pay off or move your loan without incurring an early payout cost (although you may pay a discharge fee).
  • Are subject to market conditions. If rates fall, it’s likely your variable rate will also fall, and your loan repayments will decrease. Similarly, if rates rise, so might your repayments.

Our how to guides for every home buying stage

First Home Loan Deposit Scheme and New Home Guarantee (FHLDS)

Buy your first home with as little as 5% deposit. T&Cs apply.

A guide to saving for a home deposit

Trying to save for a home deposit but finding it a bit daunting?

Four ways to help you own your home sooner

There are some variables you can control that could help you reduce the amount of interest you owe so you can own your home sooner.

The process of buying your first home

Buying your first home can be a daunting prospect.

CLEVER TOOLS

Wondering how much you can borrow?

Or perhaps you want to know what your repayments will be once you’re approved? Our mortgage and home loan calculators will help you crunch the numbers so you can move right on to the fun part – finding your perfect property.

Repayments calculator

Borrow smarter and estimate your repayments before you apply.

Borrowing power calculator

Discover how much you can borrow.

Buy or rent calculator

Why rent when you could buy?

Speak to a Home Loan Specialist

Across The Clever Way Home podcast series, Sophie chats with Jason, Priyanka and Nicole – three of our home lending experts. They’re here to help you kick start your home buying journey.

Jason Moussa
Senior Mobile Banker
Priyanka Saldanha
Mobile Banker
Nicole Hayes
Home Loan Specialist
Important Information

The Clever Way Home podcast series contains general information only and doesn’t take into account your personal financial situation or goals.

Speak to a Home Loan Specialist
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Applying for pre-approval allows you to know the maximum amount you can borrow while you look for a property.

Pre-approval means that a lender has agreed to lend you an amount of money in-principle, but the loan hasn't been proceeded to full or final approval.

While pre-approval is not a fully approved loan it can help you narrow your search, negotiate, and make an offer with certainty and confidence.

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The minimum amount you can borrow is $100,000
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First Home Guarantee
Family Home Guarantee

The Australian Government has introduced initiatives to support eligible Australians to build or purchase a new home sooner: the First Home Guarantee and the Family Home Guarantee.

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One of our Home Loan Specialists will call you on [0413 456 789] at your preferred time.
To help you get the most out of your call, we recommend having some details ready:
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In the meantime, if you have any questions, we’d be happy to help.
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