Buying guide
Guide: using equity to buy a second property, renovate, or invest
Do you know how much equity you have?
AI summary
Homeowners can leverage usable equity—the amount above the 20% value you must retain due to LVR restrictions—for significant financial goals without a cash deposit. This borrowing, secured against your property, can fund various projects.
Common uses for equity include:
- A deposit for a second property or bach
- Renovations to increase your home's value
- Helping children buy their first home
Unlocking equity means increasing your loan, so carefully consider your options. To get started, speak with a mortgage broker or lender.
How much equity is in my house?
Equity = House market value - Home loan amount
Useable equity = Equity - 20% of home value
If you've owned your house for a while you might be surprised what you can borrow.
Can you use equity as a house deposit?
What else can I do with my equity?
Building a home
Helping your kids buy a home
It may even be possible to build a new home using equity from your existing home.
Renovating or extending
Getting cash out
How to get started
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