Making your move

If you're moving between homes, you've got to find a house and provide a deposit. If you're ahead with your current repayments, you'll have extra funds you can use for moving costs or a deposit.

Apply for a home loan.

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Finding your next home

Think about where you're living now. List the things you love about it, and what you could live without after your move.

When you're looking at a new area, consider public transport, schools, hospitals, and other amenities. Talk to locals to see if the area suits you. You can get suburb reports from realestate.com.au and domain.com.au.

When you're putting your budget together, remember to consider the equity you may have built up or any extra home loan repayments you've made.

Moving with bridging finance

With bridging finance you borrow the deposit for your next home before you've sold (or been paid for) your current one. This gives you money and time to move smoothly.

Once you've sold your house you can use the proceeds to repay your bridging finance.

Using a deposit guarantee instead of cash

You might have money working in an investment like savings or shares. If you don't want to break your investment for a deposit, you could use a NAB Deposit Power Guarantee as a substitute. This can be cheaper and easier to arrange than bridging finance.

Deposit Power Guarantees are limited to $100,000, and can't exceed 10% of the purchase price. You can:

Home loan health check

When you move home it might be time to see if your loan still fits. You could take your current loan with you, or change to a loan that suits you better. Make an appointment with a NAB home loan specialist today about your current situation.