Home Equity Loan & Line of Credit
If you've been paying down your Australian home loan for several years, or property values have risen, you may be sitting on significant equity. A home equity loan or line of credit lets you access that equity for renovations, an investment deposit, debt consolidation, or any other worthwhile purpose.
Equity access is available as a lump sum loan or a revolving line of credit (also called a home equity line of credit or HELOC). Your broker will explain which structure suits your purpose and minimises total interest cost.
80%
Max LVR for equity access
$50K+
Typical minimum access
80+
Lenders compared
Variable
or Fixed rate options
Put your home's equity to work
Australians who have built equity in their property can access it for a wide range of purposes, often at significantly lower rates than personal loans or credit cards.
Fund renovations at home loan rates
Rather than taking a personal loan at 10–18% p.a., access equity at home loan rates (typically 6–7% p.a.) to fund your kitchen, bathroom, extension or landscape project. A $100,000 renovation funded via equity at 6.5% rather than a personal loan at 12% saves over $5,500 per year in interest.
- ✓ Rates far lower than personal or renovation loans
- ✓ Funds released to your account as required
- ✓ Redraw or line of credit, use what you need
Fund an investment property deposit
Using equity in your owner-occupied home as the deposit for an investment property is one of the most common wealth-building strategies in Australia. Done correctly, you can purchase an investment property with no cash savings, using your existing equity as the deposit security.
- ✓ Access equity without selling your home
- ✓ Use as deposit for investment purchase
- ✓ Coordinate with your accountant on tax implications
How to access your equity
Free equity assessment, no credit check
Our brokers calculate your usable equity, compare lenders and structure the most cost-effective access to your funds, at no cost to you. Lenders pay our fee.
- ✓Calculate usable equity at 80% LVR
- ✓Lump sum loan or revolving line of credit options
- ✓Compare 80+ lender equity products
- ✓Variable and fixed rate options available
- ✓Coordinate with your accountant for investment purposes
Find out how much equity you can access
Use our tools to estimate your usable equity and compare lender options, or speak directly with a broker for a personalised assessment.
Equity calculator
Enter your estimated property value and current loan balance to see your usable equity at 80% LVR, and what you could access.
Calculate my equityFree broker assessment
Our FBAA-accredited brokers compare equity products across 80+ Australian lenders, recommending the lowest-cost structure for your specific purpose.
Book free assessmentHome equity FAQs
Common questions Australian homeowners ask about accessing equity, answered clearly and directly.
Talk to an equity specialist
Accessing equity is a significant financial decision. Our FBAA-accredited brokers give you clear, unbiased guidance, completely free of charge.
You've built equity in your home
— now put it to work
Find out exactly how much equity you can access and the lowest-cost way to use it. Free assessment, no obligation, no credit check.
Equity access subject to lender credit assessment and valuation. Max LVR 80% with most lenders. General information only, not personal financial advice.