New Builds Clean Energy Home Loan 5-Year Variable 5.18% p.a. (CR 5.63%) + 0.20% Broker Rebate @ BankAustralia

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AssociatedMyBrothertheBroker @ My Brother The Broker Pty Ltd on 22/07/2025 - 01:03 bankaust.com.au (132 clicks)
Last edited 22/07/2025 - 09:49 by 2 other users

One of the lowest rates on the market from Bank of Australia for new energy efficient houses and apartments built within the last 18 months

Owner Occupied P&I (80% LVR & 95% FHB) and Investment (90% LVR)
Variable Rate: 5.18% CPR 5.63 with offset account. $199 annual fee. No establishment fee

CPR is based on the life of the loan and a balance of $150,000.

Eligibility requirements:
• The property must be all-electric, no gas.
• NatHERS 7.5 star rating or higher​
• Built within last 18 months
• Solar (not required for apartments)

PLUS Broker rebate via mybrotherthebroker@PCFS (in addition via broker only. NOT affiliated with the bank) 0.20% eg $2,000 for a $1m loan. This rebate is based on loan minus any offset.

Contact us below for this deal plus our broker rebate (NOT affiliated with the Bank)

Please email us at first instance and we will reply ASAP. OzB messages may get delayed. If you don't get email reply within 24-48hrs (some emails go into our spam). If I can't answer your call, please leave a text and I'll give you a call back.

Billy Vong- Director @ MyBrotherTheBroker Authorised Credit Representative of Purple Circle Financial Services
Email: [email protected]
Text: 0420668956 to arrange a call
ACL:486112
Authorised Credit representative number: 559632
ABN 86 676 451 424

Terms and Conditions of our Broker Cashback Offer:
• Broker cashback of 0.20% of net loan size is available for new customers submitting a refinance application or purchasing a property between 22/07/2025 and 30/08/2025.
• Cashback is paid net of funds in any linked offset accounts.
• The loan must be kept for at least 24 months and 1 day. Broker cashback will be paid after 24 months.

Disclaimer:
The information provided is for general education purposes only and is not intended to constitute specialist or personal advice. This has been provided without taking into account your objectives, financial situation or needs. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy.

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• 

  damnable on 22/07/2025 - 04:55

  What happens after 5 years?
  Why the bug difference between rate and CR?

  • 

    enigma48 on 22/07/2025 - 06:14

    1. You go back to the default variable rate (around 5.6%)
    2. The CR assumes you never refinance and pay the normal variable rate until it’s done. So most of your loan over a few decades is at the 5.6ish rate
• 

  smokeymr on 22/07/2025 - 06:48

  +2

  @MyBrothertheBroker Any updates on the clean energy renovate loan?

  • 

    AssociatedMyBrothertheBroker @ My Brother The Broker Pty Ltd on 22/07/2025 - 07:11

    +1

    Last i heard was they were looking to relaunch the product. However they still dont have an eta and womt be offering it through their broker channel.

    Additionally criteria may change regarding what renovations is required.

    @damnable enigma is correct in will go back to 5.6X% however it should be lower as rates have been forecasted to drop as Bank Australia have historically passed on cuts to customer's. Additionally we can look at refinancing close the 5 year mark.

    • 

      Dalryk on 22/07/2025 - 17:47

      The previous criteria were a bit ridiculous for those of us with gas - you had to completely electrify as a base criteria. Whereas existing electric houses just had to install some ceiling fans or some shit.

• 

  easternculture on 22/07/2025 - 07:44

  +3

  My Brother The Broker

  AKA "trust me bro"

• 

  ONEMariachi on 22/07/2025 - 08:09

  -1

  Did you mean 5 year "fixed"? Not variable

  • 

    IXXI on 22/07/2025 - 08:13

    +1

    No, its variable for 5 years at the reduced rate. I'm on their old renovate product which is currently 4.88% variable for 5 years. They track the RBA changes then apply the additional reduced rate offset.

• 

  merriweather on 22/07/2025 - 14:55

  +1

  We tried to sign up with Bank Aus when we bought our place but they took so long to approve it we had to go with another bank who did it in literally one day. Keep meaning to switch over to them at some point.

• 

  freedomofspeech on 22/07/2025 - 19:32

  "must be all-electric, no gas."

  Why would anyone do this?