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Upfront costs calculator

See how much you’ll need in addition to your deposit and prepare your property budget!

Calculate the upfront costs of buying a home.

Take the next step
Estimate my repayments

Get a quick estimate before you apply.

Pre-qualify for a home loan

Take the easy next step to home ownership, without the commitment. What is pre-qualify?

Ready to apply

Apply online in as little as 20 minutes.

FAQS

Home loan handy helpers

Heard some home loan lingo but are unsure what it means? Find the answers, explained in human terms, right here. No “bank-speak” allowed.

What are the upfront costs of buying a home?
  • While your deposit will be the biggest upfront cost, there are few more upfront costs you’ll need to be prepared for.

    Set aside some extra funds for some common costs like building and pest inspections, solicitor or conveyancing fees, bank fees mortgage registration and transfer fees for when you've found a property. Plus, stamp duty if you’re required to pay it.

    If your deposit is less than 20% of the purchase price you may also need to pay for Lenders' Mortgage Insurance (LMI).
  • For those breaking free from the share house life, it’s a good idea to budget for furniture and appliances you don’t currently own.
  • These items don’t have to be new by the way, you can always check out the second-hand market snap up a bargain just in time for moving day.

Still saving for a deposit? Learn some clever ways to save faster.

Am I exempt from paying stamp duty?

First home buyers may be eligible for an exemption or concession on stamp duty. You can check with your local State or Territory Revenue Office for more information.

Am I eligible for a first home owners’ grant or scheme?

If you are buying your first home you may be eligible for one of the State or Federal Government Schemes providing financial assistance to first home buyers.

For more information on the Federal Government’s Home Buyer Schemes and to check your eligibility, visit the Housing Australia website.

HOME LOANS

Great home loans
Our home loans come with:
  • Competitive rates
  • Fee-free extra repayments
  • Smart tools and clever features to help you own your home sooner

Explore home loans

Basic Variable Home Loan
Discounted rates from
6.14
%
p.a.
Comparison rate^
6.20
%
p.a.
Find out more
Owner occupier, principal & interest. Includes discount on new and additional lending, LVR 70% or less. Minimum loan amount applies.1,2,3

Learn more about home loans

The process of buying your first home

Buying your first home can be daunting. But what if we broke it down step-by-step? Well, that’s exactly what we’re going to do right now.

Read more
A guide to saving for a home deposit

Are you saving for a home deposit? Great Southern Bank has a comprehensive guide to help you reach your goal.

Read more
What is Lenders Mortgage Insurance and who needs to pay for it?

If your home deposit is below a certain amount, you may need to pay Lenders Mortgage Insurance. Find out how it works here.

Read more
Looking for more home loan calculators
Refinance calculator

Discover how much you can save simply by switching your home loan.

Borrowing power calculator

Discover how much you can borrow.

Ready to apply?
Find a loan worth coming home to.
See our home loans
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Important Information

Rates are current as at 20 August 2024 and subject to change.

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.

1 Discounts off the Basic Variable Reference Rate are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of the home loan you already have with us when it includes new borrowing of at least $10,000; for new home loan applications unconditionally approved on or after 20 August 2024. Published interest rates are inclusive of any discounts off the respective Reference Rates. Interest rates and discounts vary based on the loan purpose (owner occupier and investor), repayment type (principal and interest, interest only, construction) and Loan to Value Ratio (LVR). Maximum LVR applies and includes Lenders' Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

2 Great Southern Bank may withdraw or amend this offer at any time without notice. A change in your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount.

3 LVR means ‘Loan to Value Ratio’. It is the amount of your loan divided by the valuation of your property, calculated as a percentage. For example, if you apply for a loan of $400,000, which will be secured by a property valued at $500,000, your LVR is 80%. We calculate your LVR at the time we approve your loan and your discount won’t change because of changes to the LVR during the life of your loan.

^ Comparison rate accurate for $150,000 secured loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

#Offer includes $0 Establishment Fee and is open to new or existing customers applying for a minimum application amount of $100,000 or more. Excludes applications for Internal Refinance of existing facilities. Applications must be received between 31/08/2022 and 28/02/2025 and settled by 31/05/2025. To be eligible to apply online you must be at least 18 years of age, a permanent resident of Australia, applying for yourself or as a married/defacto couple and buying an existing property or refinancing. Great Southern Bank may withdraw or amend this offer at any time without notice.

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Tell us what you're looking for and we'll be in touch
I'm buying a property
I'm building or renovating
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Discuss my Great Southern Bank Home Loan
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What stage are you at?
I'm ready to apply for a home loan
I'm applying for pre-approval
I want to know if I qualify
I'm researching my options

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.

How much would you like to borrow?
If you are unsure, please enter an approximate amount.
The minimum amount you can borrow is $100,000
When would you like to borrow?
If unsure, please select an approximate timeframe.
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Within 3 months
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Are you a Great Southern Bank customer?
Great Southern Bank was previously known as CUA.
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Do you have a home loan with Great Southern Bank?
Great Southern Bank was previously known as CUA.
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Would you like to tell us anything else?
For security, never include any bank account or card details in your enquiry. You can provide this information later if it's needed.
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Tell us a little more about your plans
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How much is your current mortgage?
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What are your plans?
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What would you like to discuss?
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For security, never include any bank account or card details in your enquiry. You can provide this information later if it's needed.
How would you like to connect?
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First Home Guarantee
Family Home Guarantee
Regional First Home Buyer Guarantee

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

Thanks [Name], we'll speak to you soon
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:
  • Identification details
  • Details of your income and expenses
  • Financial details, including what you own and what you owe
In the meantime, if you have any questions, we’d be happy to help.
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