Find the interest rates and support you need to purchase your next investment property.
Online cashback of $2,500 for eligible loans $250-$499k or $3,000 for loans ≥$500k. 80% LVR or less. See Online Cashback Offer T&Cs.*
$2,000 cashback for eligible loans $250-$499k or $2,500 for loans ≥$500k. 80% LVR or less. See Cashback Offer T&Cs.+
All Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted home loan and also the repayment type you select – Principal and Interest (P&I) or Interest Only (IO).
For P&I loans, margins may apply to the applicable base rates. For new IO loans, currently a 0.10% p.a. margin above the applicable base rates will apply. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.
| Great Rate Investment Home Loan - Discount variable rate | Interest Rate | Comparison Rate |
|---|---|---|
| Variable | 6.19% p.a. | 6.20% p.a. |
| Great Rate Investment Home Loan - Variable rate | Interest Rate | Comparison Rate |
|---|---|---|
| Variable | 8.24% p.a. | 8.25% p.a. |
| Great Rate Investment Home Loan - Fixed rates | Interest Rate | Comparison Rate |
|---|---|---|
| 1 Year Fixed | 6.39% p.a. | 8.05% p.a. |
| 2 Years Fixed | 6.39% p.a. | 7.86% p.a. |
| 3 Years Fixed | 6.49% p.a. | 7.73% p.a. |
| 4 Years Fixed | 6.64% p.a. | 7.64% p.a. |
| 5 Years Fixed | 6.64% p.a. | 7.53% p.a. |
All Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted home loan and also the repayment type you select – Principal and Interest (P&I) or Interest Only (IO).
For P&I loans, margins may apply to the applicable base rates. For new IO loans, currently a 0.10% p.a. margin above the applicable base rates will apply. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.
| Ultimate Investment Home Loan - Discount variable rate | Interest Rate | Comparison Rate |
|---|---|---|
| Variable | 6.39% p.a. | 6.75% p.a. |
| Ultimate Investment Home Loan - Variable rate | Interest Rate | Comparison Rate |
|---|---|---|
| Variable | 8.04% p.a. | 8.38% p.a. |
| Ultimate Investment Home Loan - Fixed rates | Interest Rate | Comparison Rate |
|---|---|---|
| 1 Year Fixed | 6.34% p.a. | 8.19% p.a. |
| 2 Years Fixed | 6.34% p.a. | 8.03% p.a. |
| 3 Years Fixed | 6.44% p.a. | 7.90% p.a. |
| 4 Years Fixed | 6.59% p.a. | 7.83% p.a. |
| 5 Years Fixed | 6.59% p.a. | 7.72% p.a. |
The first thing to think about is whether you are able to pay off both your current home loan and your investment property.
Make sure you take into account vacancy rates and your current rental market when considering an investment property.
Some other things to keep in mind are that we can generally lend up to an LVR of 80% (loan to value ratio), and you may be able to claim some tax benefits on your investment property.
Yes, you can use the available equity you've built in your own home and put it towards purchasing an investment property. This is a popular way of purchasing an investment property which will result in your having to repay two loans.
If you have any questions about this process, you can chat to one of our helpful lending experts at a branch, or one of our mobile lenders.
Yes, you can. If you are not occupying your home anymore and you intend to lease it out to tenants, let us know so that we can work together and change your loan to one that suits your needs.
To qualify for our Great Rate Investment home loan, you only need to deposit 5% of the property's value with P&I repayments. However, if you want to avoid paying Lender's Mortgage Insurance (LMI) you would need a deposit of at least 20% of the property's value.
If you're wondering if you can afford an investment property, here are a couple of things that you can start thinking about:
Firstly, you will need a deposit of at least 5% of the property's value with P&I repayments, and if you want to avoid Lender's Mortgage Insurance (LMI) you will need a deposit of at least 20%.
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Our mobile lenders are more than happy to come to you. Find a lending expert close to you and request a callback today.
Speak to our contact centre
Monday to Friday 8:00am - 6:00pm AEST.
Saturday 8:00am - 1:00pm AEST.
Terms, conditions, fees, charges and credit criteria apply.
^Comparison rate is based on $150,000 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.
#Discounted rates available for new home loans $150k+, with LVR of 80% or less.
~At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.
‡A prepayment fee applies to fixed rate loans if you make more than 5% in extra payments. Contact us before making additional repayments to get an estimate of the prepayment fee.
Interest Only home loans attract a 0.10% p.a. margin above the applicable Principal and Interest interest rate. Your interest rate which includes any margins, will be set out in your loan contract.
◊Cashback offers:
*Online Cashback of $2,500 for eligible home loans $250-$499k or $3,000 for loans ≥$500k available for applications submitted via the Greater Bank Digital Home Loan application channel (online application) with 80% LVR or below. Excludes refinances from Greater Bank or Newcastle Permanent. If eligible, cashback payment will be made within 60 days of the loan settlement date (loan must still be open at time of payment). Only one (1) cashback payment per eligible loan and for first eligible loan only. Not available in conjunction with any other cashback or promotional payment (except any interest rate discount offered). Offer may be varied or withdrawn at any time. See the full Online Cashback Offer Terms and Conditions.
+Cashback of $2,000 for eligible home loans $250-$499k or $2,500 cashback for loans ≥$500k available for refinance applications submitted via Greater Bank lenders (not online), with 80% LVR or below. Only one (1) cashback payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions.
**$2,500 cashback for loans ≥$250,000 with LVR less than or equal to 95%. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. All borrowers must be a first home buyer, which means they have never owned or co-owned a residential property. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full First Home Buyer Cashback Offer Terms and Conditions here.
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