See the cash you would need for the deposit, stamp duty and costs, and whether your equity and savings cover it.
Check whether your equity and savings could cover the deposit, stamp duty and costs of buying another property.
Buying another property usually means finding a deposit, stamp duty and other costs. If you own a home, the equity in it may help. This planner adds your usable equity to your savings and compares the total with the cash you would need.
It uses the same stamp duty rates as the Stamp Duty calculator, shows the debt and combined loan-to-value ratio after the purchase, and estimates the most you could buy with the funds you have.
Many lenders allow you to borrow against the equity in one property to fund the deposit on another, subject to their assessment of your income, expenses and the properties involved.
At least the deposit, stamp duty and other costs such as legal fees, inspections and loan fees. This planner adds them up and compares them with your equity and savings.
Combined loan-to-value ratio is your total debt divided by the combined value of your properties after the purchase. Lenders look at it when deciding how much they will lend.
Rental income, tax, selling costs, lender serviceability tests and lenders mortgage insurance. It is general information, not financial advice.
Stamp duty for every state and territory, with first home buyer concessions and every step shown.
Work out your home equity and how much you could borrow against it.
See how your equity could build as the loan is paid down and the value changes.
General information only, not financial advice. Check important figures with the relevant authority or a licensed adviser before you act.