Home Loans for Property Upgraders
Fall in love with the numbers before the property
Upgrading is a big move. Before weekend open homes, get crystal-clear on borrowing capacity, family budget, buffers for rate rises, and the right strategy to move smoothly. At My Finance Consultants, we simplify buy-first vs sell-first, equity release, and bridging so you can act with confidence.
Buy first, sell first — or bridge?
We explain the trade-offs and model cash flow so you can choose with confidence.
Buy First
Act quickly on the right home. Often paired with a Bridging Home Loan to cover timing.
Sell First
Lower risk and simpler finance. Use sale proceeds to reduce the new loan at settlement.
Keep & Rent Out
Convert your current home to an investment if cash flow, LVR and buffers stack up.
Know your numbers
Try these tools:
Key costs to plan for
Buying: stamp duty, legal/conveyancing, inspections, moving, insurance
Selling: agent commission, marketing/styling, legals, minor repairs
Building/Renovating: variations, contingencies, potential construction loan
Bridging (if used): interest during the bridge, valuation and setup fees
We’ll map these into your numbers, so there are no surprises.
How we structure your upgrade finance
Strategy & buffers
We model repayments at higher rates, stress-test cash flow, and set target purchase price bands.
Equity & deposit
We assess equity release/cash-out options for your deposit and costs.
Lender shortlist
Compare 40+ lenders for policy fit (bridging rules, rent shading, negative gearing, portability) and total cost.
Pre-approval & timing
Strong pre-approval so you can move swiftly. If bridging, we confirm peak debt and end debt are affordable.
Renovate vs relocate vs knock-down rebuild
We’ll weigh up the numbers, timeline and lifestyle:
Renovate: avoid stamp duty/agent fees but consider over-capitalisation risks.
Relocate: faster path to lifestyle/school zone.
Knock-down rebuild: may need a Construction Home Loan.
Frequently Asked Questions
What are the top considerations when upsizing?
Equity available, deposit source, borrowing capacity, whether to keep/sell your current home, and settlement timing.
How do I know if I must sell my current home?
If you need the equity for the deposit/costs or the existing loan kills your borrowing capacity. We’ll test both scenarios.
Can I turn my current home into an investment?
Yes — if you’ve got the deposit and capacity to hold both loans and you’re comfortable with the total repayments.
Can I use equity from my current home as the deposit?
Yes, subject to serviceability and LVR. We organise a valuation and structure a cash-out.
What’s a bridging loan and how long does it last?
Short-term finance (typically 6–12 months) to buy your next home before selling the current one. After sale, you’re left with the end debt.
Should I get a pre-approval?
Absolutely. It strengthens your negotiating position and clarifies your price range. Many lenders keep pre-approvals valid 90–180 days.
What are prior or simultaneous settlements?
Using sale proceeds to fund the new purchase. Prior settlement is simpler; simultaneous can be done but requires tighter coordination.