Breakthrough Loan

A home loan that lets you borrow up to 30% more

Advance Notice - This product will not be available from 1 December 2017.

If you think you can’t quite afford to live in the house or the suburb you want, consider our Breakthrough Loan. It could get you into the home you want sooner.

By sharing in your home’s increase or decrease in value with HomeStart through a shared appreciation arrangement, you could borrow up to 30% more.

Here’s an example of the difference the Breakthrough Loan could make to the sort of home you can afford.

Standard HomeStart Loan Breakthrough Loan amount* Total loan amount
300,000 $161,538 $461,538

This could mean you can afford the extra bedroom you’ve always wanted or a suburb closer to the city.

The Breakthrough Loan may also be an option for home owners looking to refinance or keep the family home after a split.

Talk to us to find out how.

*Terms and conditions apply, calculation based on the maximum Breakthrough Loan amount available with a $300,000 standard loan and 3% deposit prior to income considerations.


Borrow more Add Breakthrough to another HomeStart home loan to borrow up to 30% more.
Save on Lenders Mortgage Insurance (LMI) Most lenders charge Lenders Mortgage Insurance. We have a Loan Provision Charge instead which costs a lot less for most customers.
Buy existing Buy an existing home in metropolitan and selected regional areas. Not available for build.
Repayments No loan repayments required on the Breakthrough Loan until your home is sold. Repayments will apply to your HomeStart home loan portion. You will be charged a facility fee of 3%, which is set for the life of the loan and is included in your monthly loan repayments on your HomeStart home loan portion.
Interest rate options No interest is charged on the Breakthrough Loan. Variable, fixed or split rates are available with your HomeStart home loan portion.
Pay off the loan early You can ‘buy back’ HomeStart’s share of your appreciation at any time.
Use your equity As your equity grows, you may have the option to use it to renovate and make home improvements.

Breakthrough Loan fact sheet

Terms, conditions, and eligibility criteria, fees and charges apply

Get into your own home sooner

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Call us on 1300 636 878 or request a call back

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Level 5, 169 Pirie St, Adelaide SA 5000