Your options.

1. Sell before you buy

Selling your existing home before buying a new one means you'll avoid covering two home loans at once.

If your current home loan is with us, you can take the loan with you. This means you transfer your loan to your new property, saving you the cost and inconvenience of establishing a new loan.

2. Buy before you sell

If you buy a new home and it will be some time before you get the money from selling your current home we might be able to increase your Choices Home Loan for a short time or help with bridging finance, which is a short term interest-only loan to bridge the gap when you have mortgages over two homes.

Keeping your current home.

1. Keep it as a rental property

Keeping your current home as an investment property could be an option. Consider how much equity you have in your home and whether your rent could cover your costs. Find out what the weekly rent is for properties in your area here. Find out what the weekly rent is for properties in your area.

2. Renovate your current home

Renovating, building an extension or making simple changes could give you the home you want without the effort and costs associated with moving. However, you could risk over-capitalising and may need to move out during renovations which could add considerable cost to your budget.

3. Subdivide your current section

If your section can be subdivided, the value of your property is likely to increase. Subdividing your section could create a number options for you, including selling the land or building a property to rent or sell. Subdividing is likely to attract consent fees, so consult your local authority first.

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 they’re due, your loan account may exceed its limit and the rate of interest that’ll be applied to the overlimit amount will be the interest rate + 5% p.a.

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.

Interest rates are subject to change without notice. Westpac's home loan lending criteria, terms and conditions apply. An establishment fee may apply. A low equity margin may apply.