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Land loans

If you’re looking to buy a vacant block of land for your next home, and need some help to finance it, a Land Loan could be for you. And when it comes time to start building your home, we can help you with a construction loan.

Chat with us about your plans to buy land and build

What is a land loan?

A land loan can be used to finance the purchase of a vacant block of land. It can be combined with a construction loan which is used to finance the build of your home. ANZ may require you to build your home or investment property within a specific period. Land Loans offer lots of flexibility. You can choose from standard variable or fixed interest rates, link an offset and choose to make interest only repayments.

Make interest only repaymentsdisclaimer

You can apply for a land loan for up to three years with interest only payments. Making interest only payments may suit you in some circumstances.

Save on interest with offset

With our ANZ Standard Variable rate land loan you could save on interest by linking it to an ANZ One offset account (a $10 a month fee applies). The money you have in your offset account will offset the amount you owe on your loan, and you'll only be charged interest on the difference.

Split your loan

You could choose to split your land loan and get the best of both worlds - the repayment flexibility of a variable loan (for the variable part of the loan) and the certainty of fixed repayments (for the fixed part). 

The information on this page does not apply to ANZ Plus products

Land loan interest rates

Basic variable

disclaimer

Principal & interest

Comparison ratedisclaimer

Interest rate with special offer discountdisclaimerwhen borrowing 60% or less of the property value.disclaimer

Get a competitive interest rate and basic features (no offset).

ANZ Simplicity Plus

Fees and features

  

Standard variable with optional offsetdisclaimer

disclaimer

Principal & interest

Comparison ratedisclaimer

Discounted standard variable rate when borrowing 80% or less of the property value.disclaimer

Can I go lower?

Talk to us to find out if a further discount could apply to your standard variable rate, depending on your situation.
 

ANZ Standard Variable

Fees and features

Fixed rate

 disclaimer disclaimer

Principal & interest

Comparison ratedisclaimer

Discounted 2 year fixed rate when borrowing 80% or less of the property value.disclaimer

Choose from 1, 2, 3, 4, 5, 7 and 10 year fixed rate terms.
 

ANZ Fixed Rate

Fees and features

How much can I borrow?

Your details

Your earnings

$
$
$
$

Your expenses

$ Required
$
$
$
$

We estimate you could borrow:

$0

What's next?

In under 5 minutes, you can get your application started for pre-approvaldisclaimer, a new home loan, refinancing, or topping up your existing home loan.

Tell us a bit about yourself and the loan you'd like, then we'll call you back within 24-48 hours to help keep your application moving.

Land loan fees and other important numbers

fees
  • $0 Loan approval fee
  • $0 Loan administration charge
  • $0 Renegotiation fee
  • $0 Valuation administration fee
  • $0 Progress payment fee
  • $0 Guarantee administration fee

These fees may apply, depending on how you choose to manage your ANZ Standard Variable rate loan:

fees

 

Fees

ANZ One offset account

$10 per month

 

These fees may apply, depending on how you choose to manage your ANZ Fixed Rate:

fees

 

Fees

Lock rate fee per loan

$750 per $1m in lending (or part thereof)

Early repayment costdisclaimer

Determined at time of early repayment

ANZ One offset account (one year fixed)

$10 per month

 

 

Fees

Late payment fee

$20

Settlement fee

$160

Production fee

$160

Lodgement fee

$160

Search fee

$50

Government charges 

As per individual state or territory fees

 

Loan security fees including Lodgement Fee, Production Fee, Settlement Fee and Search Fee still apply however will not be charged on establishment of a loan. Government fees, including government search fees, may still apply.

For further details refer to ANZ Personal Banking General Fees and Charges (PDF 155kb).

Facts and figures

 

Facts and figures

Minimum new loan amount

ANZ Standard Variable- $20,000

ANZ Simplicity PLUS - $50,000

Maximum loan amount

Subject to ANZ's credit assessment criteria

For further information, see maximum loan as percentage of property value on compare ANZ home loans page.

Maximum loan term

30 years

Maximum interest only term

ANZ Standard Variable:

  • Owner occupied: 5 years
  • Investment: 10 years

ANZ Simplicity PLUS:

  • Investment: 10 years

Progressive loan draw down

Up to 24 months

Lenders' mortgage insurancedisclaimer

Usually required if LVR is more than 80%

Connect with our home loan specialists or apply

Need to speak to a specialist?

Provide us with your details and one of our home loan specialists will get in touch. They can discuss issues including:

  • Applying for a home loan
  • Managing your existing loan
  • Refinancing your home loan
  • Interest rate enquiry

As well as any other home loan queries you may have.

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Call back time is 1-3 business days.

Request a call back

 

Quick start application

Begin your home loan application journey by providing details about:

  • You
  • Your financial situation
  • The loan you're applying for

One of our home loan specialists will then be in touch to progress with your application.

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Call back time is 1-3 business days.

Apply online

 

Call us

Monday - Friday 8am to 8pm (Sydney/Melbourne time)

1800 100 641  

 

Your questions answered

An ANZ Standard Variable or an ANZ Fixed Rate loan structured as a land loan is for owner occupier or investment customers who are looking to buy land to build a new home but aren’t just ready to start the build yet.

This could be because you are at the beginning of your home build planning journey or potentially you are still working with your Builder and Council to firm up your construction plans.

An ANZ land loan allows you to purchase the land now while you continue to plan and prepare to build your new home or investment property.

It is important that you speak to your ANZ Home Loan Specialist to make sure the piece of land is suitable to be financed with a land loan. Some land features or classifications are unable to be financed with a land loan, due to factors including but not exclusive to their location, size, boundaries and zoning. 

If you are planning a sub-division, this does not change the types of loans you may need to complete your land purchase and construction process, but it is important to raise this with your ANZ Home Loan Specialist, ANZ Mobile Lender or ANZ Accredited Broker.

They will be able to help you determine whether your sub-division plans are in line with the ANZ Home Loan product policy.

Your ANZ Home Loan Specialist, ANZ Mobile Lender or ANZ Accredited Broker will be able to assist you with your construction loan application when you are ready to start building.

You may have the option to roll the two loans into one or leave them separate.

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If you’re planning on buying land in a new estate, you probably want to feel certain that you can borrow the balance when it’s time to settle. 

  

The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditionsProduct Disclosure Statement and the ANZ Financial Services Guide (PDF) before acquiring any product. 

Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply. Australian credit licence number 234527.

Borrowing power calculator

Applications for credit are subject to ANZ credit approval criteria. Terms and conditions, and fees and charges apply. Australian credit licence number 234527.

The estimate is based on the accuracy of the information provided. It is also based on a loan term of 30 years, payment type principal and interest and either an ANZ Simplicity PLUS rate for home loans or an ANZ Simplicity PLUS rate for residential investment property loan depending on the type of property you have selected. Rate includes a special offer discount when borrowing 80% or less of the property value (which is subject to change). Eligibility criteria apply to special offer discounts for ANZ Simplicity PLUS home loans, including $50,000 or more in new or additional lending. Offer can be withdrawn or changed anytime. The estimate might be different if payment type is interest only or if a different interest rate discount applies. It does not constitute an offer of credit. To apply for an ANZ Home Loan you must complete an application. All applications for credit are subject to ANZ credit approval criteria. ANZ does not store the information you provided to generate this document.

The calculation of estimated maximum home loan borrowing power excludes Lenders Mortgage Insurance. The value of the security property is also considered in any credit assessment criteria.

Minimum loan amounts apply to different loan types. For more information, visit anz.com or contact us.

Interest only loans are not for everyone and you should consider if this is the right strategy for you. Applications are subject to credit assessment.

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The rate shown is the Simplicity PLUS Home Loan index less the applicable special offer discount for loans with a Loan to Value Ratio of 60% or less. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

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Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. These rates are for 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.

For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.

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Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.

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A $10 servicing fee applies per month per ANZ One offset account. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.

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The interest rate shown includes any applicable interest rate discount from the index rate. For ANZ Standard Variable, the interest rate discount is   for loans with a Loan to Value Ratio (LVR) of greater than 80% and  for loans with a LVR 80% or less. For applications submitted from 28 October 2024 for ANZ Fixed, there is no interest rate discount for loans with a LVR of greater than 80% and the interest rate discount is  for loans with a LVR of 80% or less.

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Rates shown apply during the fixed period of your loan. After the fixed period, your rate will switch to the applicable variable rate for a principal and interest loan.

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Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. These rates are for 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.

Fixed home loans aren’t for everyone and early repayment costs may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period. 

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The rate shown is the Simplicity PLUS Residential Investment Property Loan index less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime. 

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Rates shown apply during the interest only period of your loan. Choose from 1-5 year interest only terms for owner occupied on an ANZ Standard Variable (Land Loan up to three years) and ANZ Fixed (Land Loan up to three years) and choose from 1-5, 7 and 10 year interest only terms for residential investments on an ANZ Standard Variable (Land Loan up to one year), ANZ Fixed (Land Loan up to one year) and ANZ Simplicity PLUS. If you choose to make interest only payments on ANZ Fixed, your fixed period and interest only period will be the same. After the interest only period, your rate will switch to the applicable variable rate for a principal and interest loan. At the end of the interest only period, minimum repayment amounts may increase to cover principal and interest. Interest only loans are not for everyone and you should consider if this is the right strategy for you.

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ANZ may provide pre-approval (also known as approval in principle or conditional approval) to eligible customers who apply for an ANZ home loan and complete an application form and satisfy any other applicable requirements. Pre-approval is an approval for a loan subject to conditions being met, including that security is satisfactory to ANZ. Australian Credit Licence Number 234527.

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For ANZ Fixed Rate loans, you can make early or additional repayments up to a set available tolerance amount (the lesser of 5% of the loan amount at the start of the current fixed rate period or $5,000) each year of the fixed rate period, without triggering an Early Repayment Cost.  An Early Repayment Cost may be incurred if, during the fixed rate period, the available tolerance amount is exceeded, the loan is fully repaid or refinanced, or ANZ agrees to change the interest rate at your request. Please be aware that Early Repayment Costs can be very large. Terms and Conditions apply please refer to the ANZ Consumer Lending Terms and Conditions (PDF) and ANZ Fixed Rate Loans - What happens if you repay some or all of it early? (PDF). Alternatively please visit any ANZ branch or phone the Home Loan Hotline on 1800 100 641, 8:00am to 8:00pm (AEST), Monday to Friday.

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Lenders Mortgage Insurance (LMI) is paid by the borrower and protects ANZ in the event that the borrower defaults and a shortfall arises following the sale of the security property. ANZ usually requires LMI where the Loan to Value Ratio (LVR) is above 80% (depending on the type of property). For some property types, LMI might be required when LVR is less than 80%.

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ANZ Mobile Lenders operate as an independently operated ANZ Mortgage Solutions franchise of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian Credit Licence Number 234527.

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