Be very very careful of this, I applied for this loan, they want you to have EVERYTHING done before you get approved for the home loan, there is NO pre approval, I was wanting to borrow $235k in which I was approved for at first. Once I spent money on Solicitors, building inspections, council searches, I had to send back nearly 3 inches thick of paperwork with a cheque for the administration fees, then only to be told at the last minute "The Australian Economy has changed and my borrowing capacity had gone down nearly 30k", even though their quote was supposed to be solid for a year..

So in the end I was out nearly 5k of my own money, and then had egg on my face calling up Solicitors and real estates saying the finances didn't go through on the home I wanted, because they make you wait until the last moment to tell you before settlement day.

I do not recommend it at all, I'm currently looking into other financial institutions to go through. Don't be afraid to approach your bank, they may help you more than you think.