Buying investment property

Conditions, credit criteria, fees and charges apply. Based on St.George’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.

Loan Accounts – Charges for specific services and accounts (PDF 147KB)

This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.

Taxation considerations in this publication should not be interpreted or used as tax advice or a tax guide.

^#Advantage Package: Terms & Conditions (PDF 1MB) apply. A $395 annual package fee applies and is payable from an eligible St.George transaction account. Before deciding to acquire a St.George transaction account, read the terms & conditions, and consider if the product is right for you.

^{^}Redraw facility: if you have 'available funds' (you’re ahead on your home loan repayments) and you’ve activated your redraw facility, you’re free to redraw them with no redraw fee. Up to $100k will be available to redraw from your variable loan online or over the phone each day (in-branch it’s $30k). For fixed loans you can redraw up to your prepayment threshold during your fixed term. Read our Home Loan Redraw Form (PDF 918KB) for full details.

^{^^}Fixed rate home loan: St.George will apply the fixed rate that is available at the loan settlement date or the date the fixed rate period commences. At the end of the fixed rate period the interest rate will convert to the applicable variable home loan interest rate.

^**Interest Only repayments: Conditions apply. It’s important to understand that interest rates for loans with Interest Only repayments are higher. Your repayments will increase at the end of the Interest Only term as the amount you’ve borrowed will need to be paid back in a shorter timeframe. This also means you’ll pay more interest over the life of the loan with an Interest Only repayment term, than if you’d opted to continue paying principal and interest. There’s a maximum of 5 years for Owner Occupied loans and 10 years for Investment loans on Interest Only repayments over the life of the loan. If you’ve had less than this, you may be able to extend the Interest Only repayment term, subject to conditions and a new assessment. You’ll need to start the process well in advance of your expiry date and provide details of your income, expenses and liabilities.

^***Interest Only in Advance: Credit criteria, fees and charges apply, application is subject to St.George approval. Interest Only in Advance interest rates and discounts apply to new Fixed Rate Investment Property Loans and loans which have been switched into Interest Only in Advance products. Existing fixed loans are not eligible unless the loan is re-fixed (a break cost may apply). Discounts are subject to change.

¹A discount of 0.2% p.a. will apply only if the interest in advance amount is deducted from a St.George transaction account.

²Medical Professionals lenders mortgage insurance: Credit criteria, fees and charges apply. Terms and conditions available on request. Application subject to credit approval and lending criteria. Lenders mortgage insurance may be waived with a 5-10% deposit for eligible medical professionals. Eligible medical professionals include dentists, general practitioners, hospital employed doctors, medical specialists, optometrists, pharmacists, veterinary practitioners, physiotherapists and chiropractors (minimum income thresholds apply). Applicant must be an Australian citizen, approved permanent visa holder or Temporary 482 TSS Medium-Term (MLTSSL) visa holders. new

³Industry Professionals lenders mortgage insurance: Credit criteria, fees and charges apply. Terms and conditions available on request. Application subject to credit approval and lending criteria. Lenders mortgage insurance will be waived with a 10% deposit for eligible accountants. Eligible industry professional includes qualified accountant with a current membership from one of the following: Institute of Public Accountants, Chartered Accountants Australian and New Zealand, CPA Australia, Chartered Financial Analyst Institute Australia or Fellowship of the Institute of Actuaries of Australia. Eligible industry professional must provide evidence dated within the last 12 months of Practising Certificate allowing them to practice as a lawyer, solicitor or barrister in the Australian State or Territory that they currently practice in. Applicant must have a minimum gross taxable income of $120,000 p.a. Applicant must be an Australian citizen or approved permanent visa holder.