Green Lending

Did you know that if you build with a Homestar rating of 6 or more,  some banks will discount your mortgage rate? According to ANZ at the time of writing that’s .7-1% off your home loan, plus, you’ll end up with lower energy bills and a higher performing home that’s warm all year around!

The ANZ Healthy Home package offers special discounts to those building, buying or renovating a home that meets the Homestar standards.

Alternatively, if you’re wanting to make your existing home go green there are incentives from banks to help you get a warmer, drier, healthier home, without building or buying new!

ANZ offers a Good Energy Home Loan at an interest rate of 1.00% p.a. fixed for three years for up to $80,000? With this loan you can make certain energy efficient upgrades to your home to help the planet, and your wallet, which includes:

Heating, insulation and ventilation

  • Heat pumps

  • A fixed single-split heat pump system, multi-split heat pump system or a ducted heat pump system for heating your home

  • Insulation

  • Ceiling, underfloor and/or wall insulation

  • Double or secondary glazing

  • Ventilation

  • Positive or balanced pressure ventilation systems, including heat recovery options

This even extends to purchasing a new car!

Clean transport upgrades include:

  • Hybrid and electric vehicles

  • New or used Electric, Hybrid or Plug-in Hybrid vehicles purchased from a registered motor vehicle trader (this will exclude vehicles purchased from a private seller)

  • Electric vehicle chargers

  • Portable, single-phase wall mounted or three-phase wall mounted electric vehicle chargers

Renewable energy upgrades include:

  • Solar panels

  • Solar Photo-Voltaic (PV) systems and all related project costs and installations for residential purposes only such as consulting, planning and consenting, site preparation, related charging infrastructure, connectivity to grid and labour

  • Solar batteries

  • Lithium ion or lead-acid based solar batteries (including the cost of inverters and other necessary technologies).

Sustainable water upgrades include:

  • Rainwater tanks

  • Home water tanks and any related components such as leaf guards, filters, and connections to indoor plumbing systems.

Westpac have recently introduced their Warm Up loan, a similar offering for energy-efficient home upgrades, but does not extend to vehicles. Their loan is up to $40,000 and interest-free for 5 years and similar to ANZ, can help you with purchasing or upgrading of insulation, heat pumps, double glazing, ventilation, wood burners, solar power systems and batteries, as well as electric vehicle chargers.

If you need help with building a new home to suit your budget, talk to our Design & Build team, many of our plans can be modified so we can do our best to make it work for you.