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OUR GUIDE TO BUYING A HOME

House Hunting

It's easy to get lost in the excitement of searching for your dream home when it comes to the house hunting stage. These steps will help to keep you focused on the things that matter.

What's involved in House Hunting

Before you attend any auctions or make an offer at a private sale, you should know what your limit is. Get pre-approval from your lender to be able to make an offer with confidence. After all, you wouldn’t go to the airport without a boarding pass.

Professional services are a small cost that can save you a lot of money in the future. There are a number of different professional services such as independent valuers, conveyancers, building and pest inspectors to help advise you and avoid future dramas.

No matter what city or town you live in, property markets are always shifting and there are always ways to get a better deal. Whether it’s knowing how to negotiate effectively or inspecting a property thoroughly, we have plenty of tips to help you secure your dream home for the best price.

Need more help with home loans?

Get in contact with one of our Suncorp Bank Home Lending Specialists. They’re here to help answer your questions to keep you moving towards getting your home.

Meet a mobile lender

Have one of our Suncorp Bank mobile lenders come to you

Give us a call

Our Suncorp Bank team is available Mon-Fri 8:30am-8pm (AEST)

Let us call you back

Send Suncorp Bank your home loans query

Visit us

Discuss your home loan needs in person

^These links take you to websites owned or operated by third parties independent of us. We do not sponsor, endorse or approve of any material on that website, and we make no warranty or representation about any information, products, services, offers or benefits available through that website. Separate terms may apply on the third party website and you should read and accept these before proceeding. The information is intended to be of a general nature only. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.

Any advice contained in this document has been prepared without taking into account your particular objectives, financial situation or needs. For that reason, before acting on the advice, you should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs. Where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should consider the Product Disclosure Statement before making any decision regarding the product. Contact us for a copy.

Various products and services are provided by different entities of the Suncorp Group. The different entities of the Suncorp Group are not responsible for, or liable in respect of, products or services provided by other entities of the Suncorp Group. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it. For that reason, before acting on the advice, you should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs. Where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should consider the Product Disclosure Statement before making any decision regarding the product. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. Please read the relevant Product Information Document for Suncorp Bank Personal Deposit Accounts and the Terms and Conditions for Suncorp Accounts before making a decision regarding a Suncorp Bank transaction account. Fees, charges, terms and conditions apply and are available on request or at suncorp.com.au/banking/help-support/documents-forms.

The Home Package Plus (HPP) Discounts are applied for as long as the home loan remains part of the Home Package Plus. Interest rates and discounts are subject to change without notice. Discount margins may be withdrawn at any time before a contract is entered into. Discounts are applied to the applicable Standard Interest Rate at the day Settlement.

Loan to Value Ratio (LVR) limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable. A repayment type of interest only is available on loans with an LVR limit < 90%. At the expiry of the interest only period, the rate will convert to the applicable P&I interest rate plus or minus any applicable margins specified in your credit contract.

# Each comparison rate is based on $150,000 over 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

* Advertised discounted rate valid from 12 September 2017, is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. Rate available for new personal/owner-occupied purpose loans of at least $150,000 where borrowings are less than or equal to 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance. Rate includes a Principal and Interest (P/I) discount of 1.29% p.a. applied to the Bank’s (P/I) Back to Basics Variable Rate for personal/owner-occupied lending (currently 4.97% p.a.). P/I discount may be varied if the loan purpose or repayment type is changed before settlement or where the borrower fails to hold a Suncorp Bank transaction account. Everyday Basics Accounts are issued by Suncorp Bank. Please read the relevant Product Information Document for Suncorp Bank Personal Deposit Accounts and the Terms and Conditions for Suncorp Accounts before making any decision regarding this product. These documents are also available at Suncorp Bank stores or at suncorp.com.au/banking/help-support/documents-forms. Interest Only, pre-approvals and investment lending excluded. 

+ Advertised rate valid from 12 September 2017, is subject to change without notice and may be withdrawn at any time. Available for new personal/owner-occupied purpose loans >= $150,000 where borrowings <= 95% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable). Disclosed rate is principal and interest repayments, Standard Variable (currently 3.79% p.a.) with inclusive package discount of 1.76% p.a. A discount is applied for as long as the loan remains part of the Home Package Plus. Rate and discount may be varied if the loan purpose or repayment type is changed. Offer available for Owner Occupier first home buyers who have never previously purchased a property; all applicants for the loan must be first home buyers. New loans only, pre-approvals & investment lending excluded.

‡ Advertised rate valid from 12 September 2017 is subject to change without notice and may be withdrawn. Rate available for new personal/owner-occupied purpose loans >= $150,000 where borrowings <= 95% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable). Disclosed rate is principal and interest repayments, 5 Year Fixed Rate (currently 3.99% p.a.) with inclusive package fixed discount of 0.35% p.a. At the expiry of the Fixed Rate Term, will revert to the then Standard Variable Rate (currently 5.55% p.a.) less the Home Package Plus Variable discount (currently 1.76% p.a.) available at the time you entered into the Package. A discount is applied for as long as the loan remains part of the Home Package Plus. The rate and discount may be varied if the loan purpose or repayment type is changed. The applicable Standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. Offer available for Owner Occupier first home buyers who have never previously purchased a property; all applicants for the loan must be first home buyers . New loans only, pre-approvals and investment lending excluded.

Comparison Rate

A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product.

Variable Rate

A rate that is variable and is subject to change over the loan term.

Fixed Rate

Lock in your interest rate and repayment amount