Home Loans

A couple stand out the front of their new home smiling at each other.

Investing in Property

Whether you’re looking to buy your first investment property or already have a large portfolio, we can support you every step of the way. Our Lending Specialists are here to discuss your unique requirements and can help with any questions you may have.

Find out more about what to look out for when considering investing in property or book a call back today.

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Your Way Investor Home Loan

A simple and flexible investment loan with the option to split the loan and access free redraw on the variable portion.

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- 6 .29
  pa %
  
  Your Way Home Investor Loan Basic Variable rate (Investor, P&I, LVR up to 80%)
- 6 .31
  pa** %
  
  Your Way Home Loan Basic Comparison rate (Investor, P&I, LVR up to 80%)
- Fixed and variable rate options
- Free redraw on the variable portion
- Make unlimited additional repayments on variable loans
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Your Way Plus Investor Home Loan

Access a loan with an offset facility and additional benefits with our package home loan for your investment property.

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- 6 .39
  pa %
  
  Your Way Plus Essential Worker variable rate (Investor, P&I, LVR up to 60%)
- 6 .69
  pa** %
  
  Your Way Plus Essential Worker comparison rate (Investor, P&I, LVR up to 60%)
- Discounted Variable rates for life of the loan
- Establishment fee waived (normally $600)
- Flexibility to make additional repayments on variable rate loans and up to $10k per anniversary year on fixed rate loans
- 100% Offset facility so you can pay your loan down faster
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FAQs

What is positive and negative gearing in relation to investment home loans?

One of the advantages of investment property is that losses can be tax deductible. To achieve this actually means making a loss which can then be used to reduce your tax at tax time. This is called negative gearing.

Alternatively if you make a profit on the investment in any year, you are not able to claim a deduction in tax. Positively, you do not make a loss on the investment. This is called positive gearing.

Find out more about how negative gearing works.

What should I consider when choosing an investment property?

When searching for the right investment property, you should ask yourself these two questions: Where? and What? Your ideal property is likely to be a compromise between these two elements. The property you buy for an investment may not be a type of home you yourself would live in. It’s important to approach it as an investment decision, not an emotional one or based on personal or family needs. You need to do your research: if you get it right, the current rental shortage and rising rents could help you reap the rewards. Find out more.

What’s the difference between a variable rate loan and a fixed rate loan?

With a fixed rate loan, the interest rate is fixed for a certain period (that means it can not be changed at anytime during that period). Teachers Mutual Bank offers fixed rate home loans from one year to five years duration. During this period, the interest rate and the required repayments can not change.

Alternatively, if you choose a variable rate home loan, the interest rate can change at any time at the lender's discretion.

There are pros and cons for each option so it’s a good idea to do your homework before making a decision.

How do I apply for an investor home loan?

When you’re ready to apply for a home loan for your investment property, there are a number of methods you can follow, and you might not always know which one to choose. That’s why we’ve put together a guide to the various methods so you can choose the best one to suit you such as applying online or over the phone with a Lending Specialist.

A graphic of how you can leverage the equity in your home to pay for improvements or other key life expenses.

Accessing equity

Equity is the difference between the market value of your home or property and the amount owing on your loan.

You can use this equity to grow your property portfolio, or it can be used for other purposes such as to renovate your home or other properties, buy a car or make an investment in shares. You should always do your research when considering leveraging equity for additional investments.

A graphic showing a representation of how an offset on a home loan works.

What is Offset?

An offset account offers a way to get ahead on repaying your investor home loan. Instead of being charged interest on the full loan balance, interest is charged on the loan balance minus the balance in the offset account. Depending on how much surplus deposits you have available, this could help reduce interest costs. Use our offset calculator to see what difference an offset account could make you your loan.

Calculators

More information to help you on your journey

Established home vs new build? The pros and cons

We've compiled a quick guide on the pros and cons to consider in making a decision.

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Managing your investment loan

Manage your loan your way with a range of helpful tools and resources.

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Refinancing

Investigate the many benefits of refinancing to Teachers Mutual Bank.

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Get in touch today.

Take the next step in your home loan journey.

Talk to a Lending Specialist

We can visit you at home, call you on the phone, or speak to you on a video call.

Book a call back

Apply Online

Complete an online application to fast track your home loan financing.

Begin application

Home Loan Resources

Helpful guides and checklists for whatever stage you are in your home loan journey.

Read here

Got a Question?

Enquire Online

Calculate your investment loan borrowing power

Applying for an investor home loan can be complicated, but we’re here to help with our investment loan borrowing power calculator. Simply enter your details into the calculator to get an approximate idea of what you could be eligible to borrow on your investor mortgage.

*Important information

Product information on this page is current from 12 November 2024. All interest rates quoted are for new business only. For home loans no longer offered for sale please click here.

Rates quoted and all rates subject to change.

**Comparison rate warning

Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

Membership Eligibility and Lending Criteria

Eligibility criteria apply to join Teachers Mutual Bank Limited. Fees and charges and lending criteria apply. Consumer lending terms and conditions available here.

Essential workers

^Eligible Essential workers include: School Principal, Faculty Head, Commissioned Fire Officer, Commissioned Police Officer, Ambulance Officer, Intensive Care Ambulance Paramedic, Supervisor Police Officer, Police Officer, Senior Fire Fighter, Fire Fighter, Registered Nurse, Registered Midwife, Registered Mental Health Nurse, Registered Developmental Disability Nurse, Enrolled Nurse, Pre-Primary School Teacher, Primary School Teacher, Secondary School Teacher, Special Needs Teacher, Special Education Teachers, University Lecturer, University Tutor, Vocational Education Teacher, English as a Second Language Teacher.

Redraw Facility

Redraw is only available if borrowers have made additional repayments. If your loan has a redraw facility, you do not need to register to use the redraw facility on your loan account.

Mortgage Offset Facility

Terms and conditions for the mortgage offset facility are set out in our Consumer lending terms and condition and Conditions of use Accounts and access. For more information refer to our Mortgage Offset section.

Refinance Home Loans

Additional valuation and administration fee may apply. Your current mortgage provider may apply fees and break costs.

Your Way Plus

Your Way Plus is available as a package home loan with package benefits. A package fee is payable annually. For further details see Package Terms and Conditions which are available on our website.

Additional home loan repayments

No additional repayments can be made when a fixed rate applies to any part of the loan except for Your Way Plus fixed rate loan where borrowers are allowed to make early repayments up to $10k per anniversary year. For further details see Package Terms and conditions which are available on our website.

Break Fee

Break fee may be payable if you make an early repayment to your fixed rate loan during a fixed rate period except for a Your Way Plus fixed rate home loan where borrowers are allowed to make early repayments up to $10k per anniversary year. For further details see Package Terms and conditions which are available on our website.

Home Loans

Investing in Property

Your Way Investor Home Loan

Your Way Plus Investor Home Loan