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Get a FREE RP Data property report^ Buying a property can be a stressful experience... There's researching the market, looking for properties, attending open for inspections, dealing with real estate agents and ultimately putting in an offer or bidding at auction. And if your offer or bid is unsuccessful, you then start the whole process again and again... One of the most difficult parts in the property buying process is determining what a property is worth. You can do your research and follow the market but it still can be difficult, especially when you add competition from other interested buyers and negotiating with experienced real estate agents working for the seller. To help you determine a property's value, we are offering a FREE RP Data property report. These reports from property research company RP Data can tell you: The estimated value of the property Sales history of the property Details of recently sold properties in the area These reports are invaluable in helping you determine a property's value and ultimately what you are prepared to pay. Professional home loan advice and a FREE property report... Another reason to give us a call 1300 36 2000 or email us at mail@unitybank.com.au. Other useful Home Loan tools we offer: Home Loan Calculators Home Loan Key Fact Sheet View All Home Loans ^While the RP Data Property Report is being offered with permission from Australian Property Monitors Pty ACN 061 438 006, Unity Bank accepts no responsibility for its accuracy or completeness. We recommend you seek independent advice before making a decision based on this information.

Eligible first home buyers may purchase a home with a deposit from as little as 5% without the cost of lenders mortgage insurance through the First Home Guarantee.1 Unity Bank establishment, legal and valuation fees are waived for first home buyers.2 Receive Free RP Data Property Reports which are invaluable in helping you determine a property's value and ultimately what you are prepared to pay. We offer a repayment holiday on all our variable home loans, so when you’ve built up enough buffer with your funds (available redraw) from making extra repayments on your home loan, you can stop or reduce the amount of loan repayments. You could possibly save thousands with the recent changes to NSW state government Stamp Duty. Use our Stamp Duty calculatorto find out your concessions and or exemptions in every state. We have a dedicated team of Home Loan Specialists who will help and guide at every stage of your property buying journey.   1. Credit eligibility, terms and conditions, fees & charges apply. Please note that the First Home Guarantee is not a cash payment or a deposit for your home loan. 2. Other fees and charges may apply and will be specified at the time the loan is approved.Members will be required to meet the cost of any stamp duty and Government Fees applicable to their mortgage. The cost of these fees may vary in different States and Territories. Other fees and charges may apply and will be specified at the time the loan is approved.

Buying your first home is a huge step and one of the biggest purchases you will make in your life. One of the most important challenges you will have is saving for the deposit. Saving for a house deposit does take time and it’s important to be realistic about how long this may take. Depending on the state or territory, if you were to put aside $500 a week, it may take you five to eight years (for an average single income) to save for a 20 per cent house deposit. Here are 3 simple tips we hope will help you start your master plan to save up for house deposit. 1. Check your current spending Work out what you are currently spending your money on and set up a weekly budget of your income and expenses to work out how much you will be able to save per week. You can use our online Budget Planner calculator to help you work this out. See what expenses you can reduce the cost of (car insurance, phone bill, petrol, luxury items) 2. Getting on top of your debts Getting on top of your debts can sometimes seem hard and feel like you are not getting anywhere. It's a good idea to consolidate your debts and work out a weekly or monthly repayment plan so you can work on saving for that deposit. You can speak with one of our Lending Specialists today to discuss a Debt Consolidation plan. 3. Start to save You will need to save at least 5% deposit of the purchase price of the property to be eligible for a loan. If you are looking to contribute less than 20%, you will also have to pay for Lenders Mortgage Insurance Apart from your deposit, you will need to keep in mind other upfront costs which you will need to be able to cover including things like insurance, taxes, legal fees, moving costs Use our Savings calculator to work out your savings plan View all Home Loans  

How much can I borrow? Before deciding which house to buy, you need to determine what you can afford. The amount that you can borrow, commonly known as your borrowing power, will depend on your income, existing debts and other regular expenses. Use our online calculators to calculate how much you may be able to borrow. How much deposit do I need upfront and what other costs are there? You will need a minimum 5% deposit to be eligible for a loan. There are also other costs which you need to be aware of, such as: The Lenders Mortgage Insurance, if your deposit is less than 20%. Establishment, legal and valuation fees (We waive Unity Bank establishment, legal and valuation fees for first home buyers - government charges apply) Moving costs Stamp duty (concessions and exemptions may apply. Use our stamp duty calculator to see what your Stamp duty costs will be) Conveyancing fees Building and pest inspection Utility connections Home and building insurance How can parents assist? With high property prices it can be confronting for young first home buyers to save the amount needed for a deposit. Options for parents wanting to help first home buyers include parental guarantee, joint venture, cash gifts or supporting a savings plan. What is Stamp Duty and how do I work out if I am exempt or need to pay? Stamp duty is a state government charge or tax. The amount is based on the purchase price of the property and is different in every state and territory. Some first home buyers may get a discount or not be required to pay it at all. We can help you work this out. For an indication of what may be payable use our stamp duty calculator. What is the process for applying for a home loan and what do I need to do? 1. Simply contact us Enquire online and one of our home loan specialist will call you back Visit one of our branches Give us a call 2. A home loan specialist will speak to you about your specific needs and discuss areas such as your borrowing capacity. 3. Make an application when you have your property in mind and or know how much you need to borrow. If you don’t have a property in mind you can easily obtain a pre-approved loan so that you confidently look for your first home. Below are 3 simple tips to fast track your home loan application with us. a) Provide proof of income: Payslips Employment Details b) We will ask for information on: Expense details Asset details including: land, house, contents, vehicles, savings, shares & super Any amounts you owe on loans: overdrafts, credit/store cards (including limits and repayments) c) If you are new to our Bank, your Australian drivers licence If you don't have all the information to hand, don't worry, we can start the application at any time. Other tips Reduce your outstanding debts. This includes any credit card and/or car loan debt Find a guarantor. A guarantor, such as a parent, can financially support your loan application by securing it against their home Minimise loan applications. Keep your loan applications to a minimum. Previous loan enquiries may be detrimental to your credit history View All Home Loans  

2023 was another highly successful year for Unity Bank. Review our financial summary and see how our Member-first approach has made all the difference. Read now

2022 was another highly successful year for Unity Bank. Review our financial summary and see how our Member-first approach has made all the difference. Read now