Family & life milestones
Kids' Education
School fees, sorted early.
Education costs — particularly private school fees over 6–13 years — can be one of the largest family expenses. Some homeowners smooth those cashflow spikes by drawing a modest amount from their equity, either as a lump sum or as an offset/redraw balance to dip into over years.
Things to consider
- Match the borrowing to the school year cycle — a lump-sum draw can leave you paying interest on funds you won't use for years.
- An offset-linked draw keeps interest low while the funds sit unused, then reduces the offset as fees are paid.
- Consider scholarship programs, education savings plans and government support first — the cheapest debt is no debt.
- Discuss tax implications (if any) with an accountant, particularly if any parent is a business owner.
Related equity uses
Three more ways homeowners commonly put usable equity to work.
Explore whether kids' education could work for you — complimentary, no obligation.
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