St.George launches brand new Property App for first home buyers
24 Feb 2020
First home buying intentions are on the rise according to new figures released this morning by St.George Bank, with three million first time buyers set to dive into the Australian property market in the next five years - a 34% increase on 2018 figures.
That’s according to the 2020 St.George Home Buying Survey which canvassed the opinions of nearly 1,500 Australians across the country between November and December 2019.
While the results showed a keen interest among many Australians to enter the housing market for the first time, the survey also revealed what many first time buyers perceive as a major challenge to buying a home.
And no, it’s not just the cost of putting together a home loan deposit.
90% of first home buyers believe that the whole home buying process is antiquated and needs to ‘catch up’ to the digital age.
RELATED: 6,500 loans being processed under the First Home Loan Deposit Scheme so far
Meanwhile, a further 84% of first time buyers reported in the survey that the home loan application process was both time consuming and inconvenient.
That’s perhaps unsurprising given that St.George also reported that the process of finding the ‘right’ property and then applying for a home loan takes first home buyers the equivalent of a full working week (44 hours).
To help streamline the entire process for first time buyers from start to finish, St.George has come up with its very own digital solution though. Introducing...
The St.George Property app
Available for download to Apple users, St.George Bank has launched its very own Property App.
The app not only allows users to search for properties in their desired location or suburb, it features what the bank has described as ‘Australian-first’ search technology which matches prospective buyers with homes based on their ‘lifestyle preferences’ and ‘points of interest’.
According to Ross Miller, General Manager for St.George Bank, the ‘game changing’ feature allows house hunters to search based on their ‘ideal wish list’ or ‘non negotiables’ instead of just by location, potentially opening up far more options and locations that buyers may not have initially considered.
“For example if being beachside and close to schools is top of your list, searching by these functions may reveal a whole range of ideal properties in previously unconsidered locations and, within your price range,” he said.
“Users can prioritise commuting times, by what method of transport, proximity to bars and restaurants and even their parents’ house or schools. They can also set their search for what type of area they want to live in such as ‘beachy’, ‘leafy’ or city.”
Of course, buyers will still be able to search for properties via a suburb or postcode, as well as filter results based on features such as price range, property type (land, house, apartment) and property features (bedrooms, bathrooms, car spaces).
There’s also a financial component to the app. St.George customers will be able to gain insights such as how much they’ll need to borrow for a certain property and how much loan loan repayments will be.
RELATED: First home buyers - what you need to know
Getting ready to start the hunt for your first home but not sure where to start comparing mortgages? Check out some of the hot home loan offers in the table below, or head on over to Mozo’s dedicated first home loans comparison hub for even more great rates.
Compare home loans 2020
Rates updated daily. Advertiser disclosure.
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Mozo experts choice awards won:
- Offset Home Loan - 2021
- Low Cost Home Loan - 2021
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
$1234
Product details Close details
Mozo experts choice awards won:
- Offset Home Loan - 2021
- Low Cost Home Loan - 2021
Smart Booster Home Loan
2 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
New super low introductory rate home loan for two years. Min 20% deposit. No monthly or ongoing fees. Fast settlement times. Mozo award-winning online lender. Friendly, local Australian based team.
Smart Booster Home Loan
New super low introductory rate home loan for two years. Min 20% deposit. No monthly or ongoing fees. Fast settlement times. Mozo award-winning online lender. Friendly, local Australian based team.
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1.85% p.a.variable for 24 months and then 2.25% p.a. variable
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2.21% p.a.
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$520
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$0.00
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$0.00
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yes - free
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yes - free
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Optional - with 0.10% additional interest
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$520
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80.00%
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$50,000
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$1,000,000
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Variable
-
Principal & Interest
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Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Smart Booster Home Loan
Details Close
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Mozo experts choice awards won:
- Split Home Loan - 2021
- Low Cost Home Loan - 2021
1.99% p.a. variable
1.99% p.a.
$1234
Product details Close details Mozo experts choice awards won:
- Split Home Loan - 2021
- Low Cost Home Loan - 2021
UHomeLoan - Discount Offer
Owner Occupier, Principal & Interest
1.99% p.a. variable
1.99% p.a.
Enjoy a super low rate. $0 fees to consider. Fast and easy online application. Free redraw and free extra repayments. Flexible payment terms. Min 20% deposit required.
UHomeLoan - Discount Offer
Enjoy a super low rate. $0 fees to consider. Fast and easy online application. Free redraw and free extra repayments. Flexible payment terms. Min 20% deposit required.
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1.99% p.a. variable
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1.99% p.a.
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$0
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$0.00
-
$0.00
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yes - free
-
yes - free
-
no
-
$0
-
80.00%
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$100,000
-
-
-
Variable
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Principal & Interest
-
Owner Occupier
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Weekly, Fortnightly, Monthly
-
1.99% rate available to new applicants until 31 January, 2022. Must settle by 1 May, 2022.
Read our Mozo Review to learn more about the UHomeLoan - Discount Offer
Details Close
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Mozo experts choice awards won:
- Home Loan Innovation - 2021
- Investor Home Loan - 2021
- Low Cost Home Loan - 2021
1.89% p.a. variable
1.89% p.a.
$1234
Product details Close details Mozo experts choice awards won:
- Home Loan Innovation - 2021
- Investor Home Loan - 2021
- Low Cost Home Loan - 2021
Celebrate Variable Home Loan
<60% LVR, Owner Occupier, Principal & Interest
1.89% p.a. variable
1.89% p.a.
Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required. Winner of three Mozo Expert's Choice Awards for 2021.
Celebrate Variable Home Loan
Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required. Winner of three Mozo Expert's Choice Awards for 2021.
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1.89% p.a. variable
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1.89% p.a.
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$0
-
$0.00
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$0.00
-
yes - free
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yes - free
-
yes
-
$0
-
60.00%
-
$100,000
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$2,000,000
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Variable
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Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Celebrate Variable Home Loan
Details Close
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1.99% p.a. variable
1.99% p.a.
$1234
Product details Close detailsVariable Home Loan
Owner Occupier, Principal & Interest
1.99% p.a. variable
1.99% p.a.
Same low variable rate for all. No upfront or ongoing fees. Approval in minutes not weeks with a fast digital application. 100% offset sub account with no account or redraw fees. Comes with a Visa debit card, mobile App, and digital wallet (Apple and Google Pay). Refinance only. 25% deposit or equity required.
Variable Home Loan
Same low variable rate for all. No upfront or ongoing fees. Approval in minutes not weeks with a fast digital application. 100% offset sub account with no account or redraw fees. Comes with a Visa debit card, mobile App, and digital wallet (Apple and Google Pay). Refinance only. 25% deposit or equity required.
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1.99% p.a. variable
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1.99% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
yes - offset sub account
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$0
-
75.00%
-
$100,000
-
$2,500,000
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Variable
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Principal & Interest
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Owner Occupier
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Monthly
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Read our Mozo Review to learn more about the Variable Home Loan
Details Close
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-
Mozo experts choice awards won:
- Low Cost Home Loan - 2021
1.99% p.a. variable
2.02% p.a.
$1234
Product details Close details Mozo experts choice awards won:
- Low Cost Home Loan - 2021
Variable Home Loan Special
Owner Occupier, Principal & Interest, LVR <80%
1.99% p.a. variable
2.02% p.a.
Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 31st January 2022. Low Cost Home Loan winner in the Mozo's Experts Choice award 2021.
Variable Home Loan Special
Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 31st January 2022. Low Cost Home Loan winner in the Mozo's Experts Choice award 2021.
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1.99% p.a. variable
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2.02% p.a.
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$530
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$0.00
-
$500.00
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yes - free
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yes - free
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Optional - $10 per month
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$530
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80.00%
-
$150,000
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$5,000,000
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Variable
-
Principal & Interest
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Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Special rate applies to home loan applications submitted by 31 January 2022.
Read our Mozo Review to learn more about the Variable Home Loan Special
Details Close
^See information about the Mozo Experts Choice Home loans Awards
