Buy Land-build in 5 yrs

Since you wish to buy land and build a house, the certificate is issued on this basis.  However, I am obliged to point out that if you do not complete the house within 5 years of the loan being settled, the subsidy will be cancelled and you will be faced with an increase in the interest rate from the subsidised rate to Westpac's prevailing investment rate.  Alternatively, you may obtain finance from another source.