Auswide Bank home loans come from Auswide Bank, a Queensland banking brand founded in Bundaberg in 1966 and, since February 2025, part of the ASX-listed MyState Limited group. Auswide now operates as a division of MyState Bank Limited, an authorised deposit-taking institution regulated by APRA, and continues to serve customers under the Auswide Bank name.
This page is a factual profile to help borrowers understand who Auswide Bank is and where its home loans may fit. However, it is not a rating, a ranking or a recommendation.
Auswide Bank at a Glance
| Item | Detail |
|---|---|
| Lender type | Brand and division of MyState Bank Limited, an authorised deposit-taking institution |
| Owned by | MyState Limited (ASX: MYS), headquartered in Hobart, through its subsidiary MyState Bank Limited |
| Founded or established | 1966 in Bundaberg as the Burnett Permanent Building Society; renamed Auswide Bank on 1 April 2015 |
| Headquarters (city) | Bundaberg, Queensland |
| Regulated by | APRA, through MyState Bank Limited’s ADI licence |
| Listed on the ASX | Parent MyState Limited is listed (code MYS) |
| Home loans for | Owner-occupiers, first home buyers, investors, borrowers building a home and refinancers |
Ownership and History of Auswide Bank
Auswide Bank traces its history to April 1966, when Ron Hancock founded the Burnett Permanent Building Society in Bundaberg to give Queenslanders an alternative to the major banks. Through mergers with other regional building societies it became Wide Bay Capricorn Building Society and then, in 2003, Wide Bay Australia. Later, on 1 April 2015, it relaunched as Auswide Bank, as both the bank and Australian Broker record.
Then, in February 2025, Auswide Bank merged with Tasmania-based MyState Bank. The merger took effect on 19 February 2025, making Auswide Bank Ltd a wholly owned subsidiary of MyState Limited, an ASX-listed company based in Hobart. The Adviser reported that the merged group kept four customer-facing brands, including Auswide Bank, and told brokers they would see the same business development managers and support teams.
Finally, on 1 December 2025, Auswide transferred its banking business to MyState Bank Limited, and the two banks became a single ADI with Auswide handing back its own licence, according to MyState’s half-year report to the ASX. Even so, the change did not affect the Auswide brand. Auswide Bank now operates as a division of MyState Bank Limited, with its head office still in Bundaberg and branches across Queensland, and it offers its home loans through branches, digital channels and mortgage brokers.
Where Auswide Bank Home Loans May Suit
Based on publicly available information, Auswide Bank home loans may be worth comparing for:
- First home buyers. Auswide says it needs a minimum 5% deposit, and both the bank and independent sources describe options for parental help, such as a gifted deposit or a family guarantee, subject to independent legal advice and lender criteria. See our first home loans page.
- Borrowers who want a simple, low-fee loan. For example, Auswide promotes its Basic Home Loan as a no-fuss variable loan with redraw.
- Borrowers who want an offset account. In particular, Auswide’s Freedom Package loans include a 100% offset account and free redraw on variable or fixed rates.
- Borrowers building a home. Auswide lists building a home among its lending purposes, and independent sources also confirm it offers construction loans.
- Investors and refinancers. Investment loans and refinancing also form part of Auswide’s residential range.
- Borrowers who like dealing with a regional bank that is still available Australia-wide through brokers.
Home Loan Types Auswide Bank Offers
Public sources confirm that Auswide Bank offers the following. Product names and features change, so we check current details when you apply:
- Owner-occupied home loans for first and next homes
- Investment property loans
- Construction loans for building a home
- Refinancing and renovation lending
- Basic variable loans, and variable or fixed Freedom Package loans
- 100% offset accounts and free redraw on eligible loans
Getting an Auswide Bank Home Loan Through Ingram Financial
Of course, every lender has its own policies, processes and quirks, and they change often. Rather than working through them on your own, let Ingram Financial help you navigate the maze and compare Auswide Bank with the other lenders on our panel.
Shannon Ingram, our principal broker, compares Auswide Bank with the rest of the panel against your deposit, income, property and goals, then explains the options in plain English. We work from Bangor, NSW, serve the Sutherland Shire, and also help borrowers across Australia by phone and video.
To see current Auswide Bank products, use the lender filter in our comparison tool. When you are ready, contact us for a free, no-obligation chat about whether Auswide Bank or another lender is the better fit.
Auswide Bank Home Loan FAQs
Auswide Bank is a brand and division of MyState Bank Limited, an authorised deposit-taking institution regulated by APRA. After merging with MyState in 2025, Auswide transferred its banking business to MyState Bank in December 2025 and now operates under MyState Bank’s licence.
MyState Limited, a company listed on the ASX and headquartered in Hobart, owns Auswide Bank through its subsidiary MyState Bank Limited. The merger took effect on 19 February 2025.
Auswide Bank’s head office is in Bundaberg, Queensland, where it began in 1966 as the Burnett Permanent Building Society. It has branches across Queensland and also lends nationally through mortgage brokers.
Yes. Auswide requires a minimum 5% deposit and describes options for parents to help, such as a gifted deposit or a guarantee, subject to independent legal advice and its lending criteria.
Yes. Auswide Bank lends through mortgage brokers as well as its branches, and it is also one of the lenders on the Ingram Financial panel.
Ingram Financial has no ownership ties to Auswide Bank. Auswide Bank is simply one of the lenders on our panel. We checked the lender information on this page in September 2026. However, it may change, and the lender sets product availability, policies and eligibility criteria.
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Lending criteria, fees and charges apply. Consider whether it is appropriate for you and speak to us for advice specific to your situation.