PURCHASING YOUR HOME
Home’s 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 located just a phone call away, 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 start from:
2.17%
interest rate p.a.
2.20%
comparison rate p.a.*
Note: Lowest rate shown is our Limited time discounted Owner Occupier for the Well Balanced
Great options no matter how much of a deposit you have:
Great low rate
100% Offset available
Other options to 90% LVR
Extra repayments allowed
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.
Get your research done first
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
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
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 interview that takes you through the whole process to get your financial picture, at a time that suits you.
Most popular rates for purchasing
We don’t wait to reward you with lower rates. Our super low interest rates save you from day 1!
No gimmicks, no pro-packs stuffed with features you don’t want but need to take, no unfair loyalty systems. Just great features, at a great rate.
Getting started with 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’s 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.
Low rate options for purchasing property
The Well Balanced home loan is an award winning product that’s designed to be flexible. It comes with great features that you can choose if you need it, without sacrificing our super low rate.
With both Variable and Fixed rate options, there’s sure to be a product option to suit you.
| Well Balanced | Well Balanced | |
|---|---|---|
| Interest rate | 2.32%p.a. | 2.52%p.a. |
| Comparison rate* | 2.35%p.a. | 2.55%p.a. |
| Maximum LVR | 80% | 90% |
| Loan amounts (min/max) | $200,000 - $2mil | $200,000 - $2mil |
| 100% offset available (for just $10p/m) |
||
| Redraw facility | ||
| Additional repayments | ||
| Fees and charges | View fees and charges | View fees and charges |
| Well Balanced | Well Balanced | |
|---|---|---|
| Interest rate | 2.82%p.a. | 2.82%p.a. |
| Comparison rate* | 2.85%p.a. | 2.85%p.a. |
| Maximum LVR | 80% | 90% |
| Loan amounts (min/max) | $200,000 - $2mil | $200,000 - $2mil |
| 100% offset available (for just $10p/m) |
||
| Redraw facility | ||
| Additional repayments | ||
| Fees and charges | View fees and charges | View fees and charges |
NOTE: LMI Premium is payable for all loans over 80% LVR. Max. LVR’s include Capitalising LMI Premiums into your loan.
Low rate options for purchasing property
The Well Balanced home loan is an award winning product that’s designed to be flexible. It comes with great features that you can choose if you need it, without sacrificing our super low rate.
With both Variable and Fixed rate options, there’s sure to be a product option to suit you.
Our “Live-in” rates
| Well Balanced |
|---|
| 2.32%p.a. interest rate. |
| 2.35%p.a. comparison rate* |
| 80% maximum LVR |
| $200,000 - $2mil Loan amounts (min-max) |
100% offset available(for just $10p/m) |
Free redraw facility |
additional repayments |
| View fees and charges |
| Well Balanced |
|---|
| 2.52%p.a. interest rate. |
| 2.55%p.a. comparison rate |
| 90% maximum LVR |
| $200,000 - $2mil Loan amounts (min-max) |
100% offset available(for just $10p/m) |
Free redraw facility |
additional repayments |
| View fees and charges |
NOTE: LMI Premium is payable for all loans over 80% LVR. Max. LVR’s include Capitalising LMI Premiums into your loan.
Investment rates
| Well Balanced |
|---|
| 2.82%p.a. interest rate. |
| 2.85%p.a. comparison rate* |
| 80% maximum LVR |
| $200,000 - $2mil Loan amounts (min-max) |
100% offset available(for just $10p/m) |
Free redraw facility |
additional repayments |
| View fees and charges |
| Well Balanced |
|---|
| 2.82%p.a. interest rate. |
| 2.85%p.a. comparison rate |
| 90% maximum LVR |
| $200,000 - $2mil Loan amounts (min-max) |
100% offset available(for just $10p/m) |
Free redraw facility |
additional repayments |
| View fees and charges |
NOTE: LMI Premium is payable for all loans over 80% LVR. Max. LVR’s include Capitalising LMI Premiums into your loan.
Personalise your lending scenario right now
When looking at your home loan options, it’s important to get the numbers right. Start your WellCheck today, the fast and simple way to get your personalised borrowing scenario in less than 60 seconds.
No more waiting to speak to someone about your scenario. Your dream home could be gone while you wait. WellCheck is your personalised solution day or night to work out exactly what you can get with a Well Home Loan.
Anytime, anywhere
Get personal at an open inspection or from the comfort of home.
Personalised rate
Seeing a headline rate is nice; a rate that’s personalised to you is nicer.
Crunch the numbers
Work out your Maximum Borrowing potential and see how much your loan repayments might be.
No credit check
Find the answers you need without having to go through a full application. WellCheck doesn’t impact your credit score at all!
See what others are saying about us
Discover more tips and guides at WellHub
Why some people run their life like a business
Want to take nicer holidays? Buy an investment property or two? Or perhaps you want to
Why property is likely to remain a sound investment post-COVID-19
The world is in the midst of the COVID-19 pandemic. But how negatively has the lockdown
Real estate disrupters are fighting for your business
Technology is disrupting every industry and real estate isn’t immune. So it’s no surprise that several
How much money do you need for retirement?
It’s never too early to start planning for your retirement. The more wealth you generate during your
Disclaimers and things you should know
* Comparison rate warning
The comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.
Interest rates
Interest rates current as at the following date: 9th September 2020 Interest rates are subject to change at any time without notice. The actual interest rate on your home loan will be quoted at the time of settlement along with the actual repayment amounts. Interest Rates may change between the time of your application and settlement of your loan due to market conditions. Interest rates for existing customers may not be the same as interest rates for new customers. If you have paid a Rate Lock Fee, the rate provided will be listed on your letter of offer and will take effect upon acceptance and payment of the rate lock fee.