Mortgage process for buying a house

Buying a house could be one of the biggest financial decisions you make. The key steps below can guide you through your home buying journey.

1. Understand your financial position and borrowing capacity.

Borrowing calculator

Calculate how much you could borrow based on basic information such as salary and financial commitments.

Start your application online

You can start the application process online by completing a short form. Once this is submitted, one of our home loan experts will be in touch to take you through the next steps.

Get a conditional pre-approval

Confirmation that the bank will lend you the amount you need, subject to satisfying certain terms and conditions.

Deposit options

The amount you are able to borrow may depend on your deposit. Find out more about home loan deposit options and security.

2. Decide what kind of house you are looking for

Make a list of ‘must-haves’, ‘nice-to-haves’ and ‘not importants’, which includes:

  • Size – what is the number of bedrooms and bathrooms suitable for you?
  • Location – what is the proximity to schools and work?
  • Are you prepared to renovate if necessary?

3. Once you’ve found a house:

Check out the house

How does it compare against your list of ‘must-haves’?

Revisit the property at different times of the day. This can help you determine if it’s noisier at certain times and how much sun the property brings in.

Get a lawyer

We strongly recommend that you get your lawyer (or solicitor) involved as early as possible. They should check any agreements before you sign. They are also responsible for the conveyancing (i.e. the change of ownership paperwork).


Getting a valuation, builder’s report and LIM report are essential to understanding the value of the property, what comes with the property and identify any potential issues.

4. Making an offer:

If you have found the home you’ve been looking for, and are ready to make an offer, here’s a step-by-step guide on how to go about making an offer.

5. Once your offer has been accepted

Going unconditional

There are a few more things you need to do before you can move in. Find out what happens once your offer has gone unconditional.

ANZ Insurance

This is also great time to organise insurance to protect your home and lifestyle.

6. Home sweet home!

Once you’ve moved into your new home, you’ll start making repayments towards your home loan. Find out how to manage your home loan - and how you can pay off your home loan off faster.

ANZ lending criteria, terms and conditions and fees apply.

This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.