Apart from buying an existing property, bridging loans are also an option if you want to stay in your current property while you build a new property. It saves you the hassle of selling your property and renting somewhere short-term, not to mention having to pay for the costs of moving twice.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Comparison* | Applies to | Conditions | Source | Since |
|---|---|---|---|---|---|
| 9.57% | 9.39% | Variable · owner occupied · interest only · LVR 70% or less | Bridging | CDR | 1 Nov 2026 |
| 9.67% | 9.49% | Variable · owner occupied · interest only · LVR 70%–80% | Bridging | CDR | 1 Nov 2026 |
*Comparison rates are calculated on a $150,000 secured loan over a term of 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. Fees and charges are payable.
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- 1 Nov 2026
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https://digital-api.westpac.com.au/cds-au/v1/banking/products/HLBridgingOption- Content hash
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Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Lending Establishment Fee | Upfront | $600.00 |
| Bank Cheque Issuance Fee | Event | $10.00 |
| Monthly Loan Account Fee | Periodic | $8.00 |
| Missed Payment Fee | Late payment | $15.00 |
| Document Processing Fee | Event | $100.00 |
| Account Overdrawn Fee | Event | $15.00 |
| Loan Discharge Fee | Exit | $350.00 |
| Property Valuer Fee | Event | Set in your letter of offer |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Other | Bridging Loan is a short term loan (usually up to 12 months) that is closed when your existing property is sold. The size of the bridging loan is calculated on the available equity in your current home. There are two types of bridging loans - Closed bridging loans which is used if you already have a Contract of Sale on your current property and know the date when your home will be sold and the funds received. You'll pay down the loan plus any accrued interest and fees on this date. The other type of bridging loan is Open bridging loans which is used if your current home hasn't been sold yet. An open bridging loan can be arranged for up to 12 months. | |
| Other | This loan helps you to proceed with confidence when you've found a new home but haven't started the process of getting your current home ready for sale | |
| Other | Avoiding the hassle of having to rent, so you can skip the stress of having to sell your current home, move into a rental property and then move again once you've found a new home | |
| Other | Having the option of making payments only on your current loan (you'll need to pay interest on your bridging loan when you sell your existing home and the bridging loan is closed) | |
| Other | Having the option to make payments during the bridging period to reduce the amount of interest payable. | |
| Other | Adding upfront costs such as stamp duty and legal fees to your bridging loan if the property value and equity is sufficient. | |
| Other | Statements of account: We will send you a statement of your loan account at least every six months or more frequently if you request | |
| Other | Construction available for the End Debt Only. | |
| Other | This loan can be part of a combination loan | |
| Other | The product provides options which includes progressive drawdown, repayment holiday, loan increase (top up) | |
| Extra repayments | The product includes extra repayment features. | |
| Fraud protection | The product includes fraud protection features. | |
| Guarantor | Subject to terms and conditions, this product includes guarantor features. | |
| Relationship management | Relationship management is available for eligible customers. | |
| Eligibility: other | Applicants can be Individuals or Discretionary or Family Trust ( Individual Trustee only). It is not available to Non-residents, Partnerships, SMSF, Unit trusts (non-individual / non-natural trustees), Companies, discretionary or Family trusts (non-individual trustees). | |
| Eligibility: residency status | Those with an Australian permanent residency and who are currently in Australia | |
| Eligibility: other | Available for existing home loan customers only. | |
| Limit: min lvr | 0.00 | |
| Limit: max lvr | 0.80 | |
| Limit: min limit | 10000.00 | |
| Limit: other |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · owner occupied · interest only · LVR 70% or less | 1 Nov 2026 | Current | 9.57% | 9.39% |
| Variable · owner occupied · interest only · LVR 70%–80% | 1 Nov 2026 | Current | 9.67% | 9.49% |
*Comparison rates are calculated on a $150,000 secured loan over a term of 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. Fees and charges are payable.
Tags
| Tag | Meaning | Effect |
|---|---|---|
purpose:bridging | Bridging | Left out of the standard home loan table |
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