Canstar’s First Home Buyer Award recognises institutions offering outstanding value home loans as well as additional services that benefit first home buyers in making an informed decision when entering the property market.
We are proud to announce that our First Home Buyer Loan has received Canstar’s First Home Buyer Customer Owned Bank of the Year Award in both NSW and VIC.
Following Canstar’s unique and sophisticated methodology, the First Home Buyer Awards recognise excellent achievements on two levels, national and state. Learn more about Canstar’s award process methodology.
Recent Reserve Bank of Australia (RBA) cash rate rises, combined with cost of living pressures, have made purchasing a home even more challenging for first home buyers. Canstar reports that lenders have been trying to balance rate increases by offering special interest rates for certain LVR tiers, and looking for alternative ways to continue to provide outstanding value to first home buyers in Australia.
Our award-winning First Home Buyer Loan is designed to support first home buyers realise their dreams of owning their own home. It offers a competitive interest rate, 100% offset account and no monthly or annual fees. We are also a Participating Lender, providing support for buying a home through the Australian Government's Home Guarantee Scheme.
We understand that buying a home of your own is one of the most significant financial decisions you will ever make, and the home buying process can seem daunting. That's why we developed the Buying your first home guide, to help you get started. This guide defines key terms to eliminate confusing jargon and provides additional information to help those looking to break into the housing market.
As a mutual bank owned by our members, we’re a values-driven organisation where member interests are not in conflict with shareholder interests. We strive to deliver quality products to our members. To ensure that G&C Mutual Bank’s products remain market competitive, we routinely submit our range of products for independent assessment and peer benchmarking. Our numerous awards confirm our ongoing commitment to providing products that offer great value for our members.