Where to start?
Check Your Equity
If your current property's gone up in value, you might have usable equity. Lenders usually let you access up to 80% of your property's value, minus what you still owe. Check out our handy calculators here.
Estimate Your Usable Equity
Example: If your home's worth $800k and your loan is $500k, you could potentially use up to $140k equity for the next deposit. Check out an equity calculator to see how much you could have.
Understand Loan-to-Value Ratio (LVR)
Your LVR shows how much you're borrowing against the property value. Staying under 80% LVR helps avoid Lender's Mortgage Insurance (LMI) and gives you better rates.
Get Clear on Your Borrowing Power
Even with equity, you still need to show you can afford the repayments (including both loans). Lenders look at your income, debts, rental income, and living expenses.
Talk to Your Broker and Accountant
A broker can help structure your loans smartly. An accountant can advise on tax, gearing, and ownership structure (personal, trust, etc.).
Review Finances and the Investment
Reduce debt and credit limits to boost borrowing power. Also research rental yield, vacancy rates, and growth. A buyer's agent may help source solid investments.
What could you do?
Select a loan or purchase structure on the left to see a full breakdown here.
Disclaimer: This loan structures overview is for general information purposes only. Structures depend on your unique situation, and an assessment by a qualified mortgage broker must be done to confirm your eligibility.
From phone call to settlement, we break it down to make it easy for you.
Reach out for a free chat!
Frequently Asked Questions
How can I pay a deposit with no savings?
Most lenders prefer a 20% deposit – for example, $160,000 on an $800,000 home. Saving this much helps you avoid Lenders Mortgage Insurance (LMI) and keeps your repayments lower.
If 20% feels out of reach, you may still be able to buy with a smaller deposit (as low as 5–10%), though you’ll usually pay LMI and may face higher rates. Government schemes like the First Home Guarantee or Family Home Guarantee can help eligible buyers purchase with as little as 2–5% without paying LMI.
Other options include gifted money from family, guarantor loans, or even using a deposit bond. While buying with a low deposit can get you into the market sooner, it often means taking on more debt, so weigh up the risks before diving in.
If I use equity to buy an investment, do I have to change lenders?
On top of your deposit, buying a home comes with several upfront costs you’ll need to budget for. These can include:
Lenders Mortgage Insurance (LMI): Charged if your deposit is under 20%.
Stamp duty: A government tax, usually 3–4% of the property’s value (concessions may apply).
Conveyancing/solicitor fees: Legal work for the property transfer.
Property inspections: Building, pest and strata checks before you buy.
Council and water rates: State-based charges for property owners.
These costs can add up quickly, but planning ahead means fewer surprises on your homeownership journey.
What’s the difference between pre-approval and full approval?
Pre-approval (or conditional approval) means a lender has assessed your finances and is likely to approve your loan, subject to conditions. Full approval happens after you’ve found a property and the lender completes all checks, including valuation.
Should I buy an established home or build a new one?
Buying established can mean less waiting and access to established areas, while building new may give you access to government grants and energy-efficient homes. The right choice depends on your goals, budget, and lifestyle.
What should I do before I start house hunting?
Get pre-approved, set a budget, research areas, and factor in extra costs like stamp duty, conveyancing, and moving expenses. This preparation helps you act quickly and confidently when you find the right property.
