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The home buying journey

Buying a house is one of the biggest financial decisions you’ll make. The steps below can help you navigate the process.


1. Know your buying power

Understand your financial position and borrowing capacity.

Work out how much you could borrow

Get an idea of how much you could borrow based on some quick questions about your financial situation.

Deposit options

The amount you’re able to borrow may depend on the amount of your deposit. Find out more about home loan deposit options.

Getting a pre-approval

At ANZ we can pre-approve your home loan – so you can look for a home with confidence.

2. House hunting

Decide what kind of house you’re looking for.

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

  • 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?

Once you've found a house you like, there are some steps to make sure it's the right one for you.

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 reports

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

Get a lawyer

We strongly recommend you get your lawyer involved as early as possible. They should check any agreements before you sign. They’re also responsible for the change of ownership paperwork (conveyancing).

3. Buying your house

Depending on the type of sale, you’ll need to make an offer or attend the auction to make a bid.

Make an offer

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

Attend the auction

If your offer wins at auction, the sale becomes unconditional. So, before the auction you’ll need to make sure you have full loan approval, have sought legal advice and have completed your due diligence (valuations, inspections). If you win, you’ll typically need to be ready to pay 10% of the sale price as a deposit on the day.

4. Settlement

Once your offer or bid has been successful, there are a few more things you need to do.

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

You’ll need to arrange house insurance before settlement day. If you haven’t already, it’s also a good time to talk to us about other insurance options to ensure you and your family are protected.

Bridging finance

If your settlement dates don’t quite match up, talk to ANZ about how we could help with a tideover loan (bridging finance).

Choose the right loan for you

Explore the different loan types and interest rates. Whatever your situation may be, we can put together a home loan solution to suit you.

Managing your loan

Once you’ve moved into your new home, you’ll start making repayments towards your home loan.

Manage your loan

Once your loan is set up with ANZ, you can track it using ANZ Internet Banking or the goMoney app.

Pay off your loan faster

Learn tips to help pay off your home loan faster and reduce the interest you'll pay over the life of your loan.

Need help?

Help and support 

See all help and support articles

ANZ lending criteria, terms, conditions, and fees apply. Interest rates and fees are subject to change.  

A copy of the Bank's General Disclosure Statement  under the Reserve Bank of New Zealand Act 1989 is available on this website or on request from any ANZ branch, free of charge.

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. An ANZ Authorised Financial Adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.