With a Green Home offer, you can enjoy…
If you’re purchasing or building an eligible green home or refinancing a non-Great Southern Bank loan on an eligible green property, you’ll receive a discounted rate on our Basic Variable or Offset Variable Home Loan.
This offer is available to both owner-occupiers and investors.
Green Home offer eligibility
Your green home must have:
- A minimum Nationwide House Energy Rating Scheme (NatHERS) rating of 7.5 or above from a NatHERS-accredited assessor. If you’re buying an apartment, we’ll base this on the rating of the individual apartment, not the building’s overall rating.
- Been constructed within the last 12 months (for existing properties).
You must be:
- At least 18 years of age.
- A permanent resident of Australia.
The Nationwide House Energy Rating Scheme (NatHERS) provides energy-efficiency ratings for new Australian dwellings. NatHERS rates homes on a scale of one to 10.
To be eligible for our offer, your new property must have a NatHERS rating of at least 7.5. As well as making your home more comfortable, a rating of 7 or more can help you save an average of $183 per year on power bills .
Investing in the energy-efficient features and renewable energy systems recommended to achieve a NatHERS rating of 7.5 or above is likely to make your home more comfortable to live in and cheaper to run.
Meeting this key eligibility requirement of our Green Home offer can help enable you to future-proof your property against rising energy costs and environmental impact.
Get started via the link below. It takes around 20 minutes to complete the form. You won’t need to register your interest in the offer at this point.
When we contact you about your application, simply let us know you’re interest in the Green Home offer and we’ll talk you through next steps.
If approved, the discount will be applied to your Great Southern Bank Home Loan. You can view your home loan and repayment details in online and mobile banking.
Your home loan options
Green Home offer explained
To be considered ‘green’, a new home must have a NatHERS rating of at least 7.5. Eligible existing properties must have been constructed within the last 12 months.
To qualify for the Green Home offer, your new property must be either a new build or less than 12 months old. Additionally, it must have a NatHERS rating of at least 7.5.
Important: You must meet the relevant Green Home offer criteria before the discount can be applied. If you do not meet the conditions, the offer will be rescinded, and the discount won’t be applied.
Existing properties will require a NatHERS certificate completed by a NatHERS-accredited assessor showing a rating of at least 7.5.
If you’re applying for a construction loan, you will need a NatHERS certificate completed by a NatHERS-accredited assessor showing a rating of at least 7.5 for your building plans.
Please note that the Green Home offer discount may be revoked if a NatHERS rating of 7.5 or above isn’t achieved following construction.
The ACT has its own system for energy rating certificates.
To be eligible for the Green Home offer in the ACT, you must provide:
- A NatHERS certificate completed by a NatHERS-accredited assessor showing a rating of at least 7.5.
- An ACT Energy-Efficiency Rating certificate completed by the same assessor who completed the NatHERS certificate. This must also show a rating of at least 7.5.
Standard fees will apply but further costs may be incurred if you cannot locate your home’s NatHERS certificate.
A NatHERS certificate is issued during the design phase of your home. If you still have the original building plans, it may be among these documents. If you can’t find your NatHERS certificate, you can contact an accredited assessor via one of the three qualified Assessor Accrediting Organisations (AAOs) listed below:
If you meet the eligibility criteria, a discount of 0.05%2 will be applied to the relevant LVR tier of your Basic or Offset Variable Home Loan. This offer is available for owner-occupied or investment home loans and applies to both principal-and-interest and interest-only repayment types.
Yes. A change to your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount.
The Green Home offer can be applied to our Basic and Offset Variable Home Loans. The offer is not available on our Fixed Rate Home Loan product.
Yes, you can split a Green Home offer loan.
Yes, you can top up a Green Home offer loan.
The Green Home offer rewards you if you buy, build, or refinance an energy-efficient home. The Unsecured Green Personal Loan is used to buy products that reduce your home’s emissions such as solar panels, battery packs or solar hot water or heat pump systems. More information on Unsecured Green Personal Loans can be found here.
More reasons to choose Great Southern Bank
Our commitment to sustainability is just one of many reasons to do your banking with us.
The Boost lets you pay down your home loan every time you use your Great Southern Bank Visa Debit card. It’s a great way to repay smarter, not harder.
Our Home Loan Specialists are actually based in Australia and will be happy to guide you through the entire process.
Digital banking is a simple and easy-to-use way to help keep track of your home loan repayments.
Home loan calculators
We’re committed to doing business in ways that benefit our customers and the wider community.
We’ve committed to net zero by 2040 and we've outlined how we’ll get there in our 2022-24 Climate Action Plan We’re also certified as carbon neutral by Climate Active.
We believe that all Australians should have access to affordable and stable housing and are taking action to help achieve this through our commitment to financial inclusion, reconciliation and partnering with like-minded community organisations.
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.
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Speak to one of our Home Loan Specialists via live online chat.
Fill out our online enquiry form and one of our Home Loan Specialists will get back to you to start the process.
Mon - Fri: 9:30am - 4:00pm (AEDT)
Rates current as at 13 November 2024 and subject to change.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.
* A $200 minimum withdrawal amount applies for redraws conducted in-branch.
^ Comparison rate accurate for $150,000 secured loan over 25 years. 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.
1 Discounts off the Basic Variable and Offset Variable Reference Rate are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of the home loan you already have with us when it includes new borrowing of at least $10,000; for new home loan applications unconditionally approved on or after 13 November 2024. Published interest rates are inclusive of any discounts off the respective Reference Rates. Interest rates and discounts vary based on the loan purpose (owner occupier and investor), repayment type (principal and interest, interest only, construction) and Loan to Value Ratio (LVR). Maximum LVR applies and includes Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable.
2 Great Southern Bank intends that this offer will be available for new applications received from 21 October 2024, offer valid until further notice. Minimum NatHERS rating is 7.5 and completion of build timing for existing properties is within 12 months of the date of application. Applies to new lending only. A variation, internal refinance, top up or further advance, to a current loan with Great Southern Bank will not be eligible for the Green Home offer. The Green Home offer criteria must be met before the discount will be applied. Failure to meet the conditions will result in the offer being rescinded and the discount not being applied. Maximum Loan to Value Ratio applies and includes Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable. Discount available on selected variable products advertised by Great Southern Bank with discount to be applied to our advertised rate on the date of your application being unconditionally approved. Securities administration fee and other fees may apply as per our Lending Schedule of Fees. Great Southern Bank may withdraw or amend this offer at any time without notice. A change in your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount. This offer is not available in conjunction with any other offer or government schemes.
3 LVR means ‘Loan to Value Ratio’. It is the amount of your loan divided by the valuation of your property, calculated as a percentage. For example, if you apply for a loan of $400,000, which will be secured by a property valued at $500,000, your LVR is 80%. We calculate your LVR at the time we approve your loan, and your discount won’t change because of changes to the LVR during the life of your loan.
4 Great Southern Bank may withdraw or amend this offer at any time without notice. A change in your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount.
5 You must maintain a minimum balance of $500 in each offset account to obtain an offset benefit. You will also not receive any interest on the funds in your offset accounts.
To view the Target Market Determination for the Basic and Offset variable products, please click here.
Basic Variable Home Loan
Owner Occupiers
- Principal & Interest repayment: 95% maximum Loan to Value Ratio (LVR) including Lenders Mortgage Insurance (LMI
- Construction purpose: 95% maximum LVR including LMI
- Interest Only repayment: 90% maximum LVR including LMI
Investors
- 90% maximum LVR including LMI
Offset Variable Home Loan
Owner Occupiers
- Principal & Interest repayment: 95% maximum Loan to Value Ratio (LVR) including Lenders Mortgage Insurance LMI
- Construction purpose: 95% maximum LVR including LMI
- Interest Only repayment: 90% maximum LVR including LMI
Investors
- 90% maximum LVR including LMI