Why buy?

Buying your first home is one of life's major milestones - no more landlord, no more property manager, no more rent rises. You get to move in and stay put! It's a fantastic feeling and a major responsibility.

For help and guidance of buying your first home, we've broken things down step by step below. Or for a more detailed overview you can also download our First home buyers guide.

Paying for your home.


Your deposit

To buy your new home you’ll need a deposit. This is ideally 20% or more of the value of the property although it may be possible to buy with a lower deposit, depending on your circumstances. You pay the vendor (seller) some of this money when you reach an unconditional agreement for sale (via your lawyer).

Your home loan

You'll also need to be approved for a home loan (mortgage) for the remaining cost of the house - remember, the bigger your deposit, the smaller the loan and vice versa. You 'service' your loan regularly, paying it back over a number of years. The bank looks carefully at what you earn and spend when we calculate how much you can borrow.

What you need to apply.

Applying for a home loan requires a little homework. We have mapped out the key steps you'll need to take.

Your home loan options.

Whatever your needs are, we have home loans options to suit.

Featured rates.

* Min 20% equity, plus salary credit to a Westpac transaction account. Not available with any other Westpac home loan offers, promotions or package discounts, or the Westpac Choices Home Loan with Airpoints™. Loans for business or investment purposes excluded.

If you don’t pay amounts when theyre due, your loan account may exceed its limit and the rate of interest thatll be applied to the overlimit amount will be the interest rate + 5% p.a.


Find the best option for you with our home loan calculators.

Get in touch.

Meet with an expert

Our Mobile Mortgage Managers can come to you, when it suits you best.

Find a Mobile Mortgage Manager

Talk to us

Call us from 8am to 6pm Monday to Friday, 9am to 3pm Saturday.

Call 0800 177 277

Visit us

Make an appointment to talk to a home loan expert in branch.

Find your nearest branch

Apply online.

Our home loan online application form is temporarily unavailable. We apologise for any inconvenience. You can apply for a home loan through a Mobile Mortgage Manager, by calling us on 0800 177 277, or making an appointment at your nearest branch. Existing customers can also apply via Westpac One® online banking.

Things you should know.

1 The information aboveis subject to changes in government policy and law, and changes to the Westpac KiwiSaver Scheme, from time to time. 

Conditional approval requires a credit check, confirmation of the details provided in your application and responsible lending inquiries. Other conditions may also apply depending on the nature of your application.

Westpac's eligibility criteria, home loan lending criteria, terms and conditions apply. An establishment fee may apply. A low equity margin may apply.