Bring two transactions into one sequence
Consider sale, purchase, settlement and finance before committing.
Planning the finance
What to clarify before buying your next home
Current property and equity
Estimate the likely sale proceeds, current loan payout and usable equity. A valuation and lender policy can change how much equity is available.
Borrowing and repayments
Review income, expenses, other commitments and a comfortable repayment range. Use the home loan calculators for an indicative starting point.
Purchase costs and timing
Allow for deposit, stamp duty, legal costs, moving costs and a practical cash buffer. Map the proposed sale, purchase and settlement dates before committing.
Also explore refinancing, investment property lending or discuss your next move with Prasanth.
Next home questions
Clear answers before you coordinate the move
These general answers are a starting point. The suitable structure depends on your complete position and current lender requirements.
What should I review before buying my next home?
Start with the likely sale position of your current property, available equity, borrowing capacity, purchase costs, repayment comfort and preferred timing. Reviewing the complete sequence before making an offer can expose funding or settlement gaps early.
Can I use equity in my current home for the next purchase?
Potentially. Usable equity depends on the property value, current loan balance, lender limits and serviceability. Accessing equity increases debt secured against property, so the loan purpose, repayments and risks should be considered carefully.
Should I sell before I buy my next home?
Selling first may provide more certainty about funds and borrowing needs, while buying first may suit some circumstances but can create timing and holding-cost pressure. The suitable sequence depends on your finances, property market, settlement dates and risk tolerance.
What is bridging finance?
Bridging finance is short-term lending that may help cover the period between buying a new property and selling an existing one. Eligibility, interest, repayments, time limits and the plan if the sale is delayed should be reviewed before proceeding.
This information is general and does not consider your objectives, financial situation or needs. Lending criteria, fees and rates can change.