Illustrative example for educational purposes — not an actual client, and not a guarantee of similar outcomes.
The Renovator
Using equity to fund a renovation without selling up.
Imagine a homeowner who has been in their place for several years and loves the location, but the kitchen and bathroom are tired. Selling and moving would mean stamp duty, agent fees and leaving a street they enjoy — so they'd rather improve what they already have.
Because their property has grown in value while their loan balance has come down, they may have built up usable equity. In many cases like this, a homeowner might explore accessing a portion of that equity to fund the works, rather than using high-interest personal loans or credit cards.
The considerations here usually centre on borrowing only what's genuinely needed, keeping the loan term sensible, and making sure the renovation budget is realistic. A lender assesses affordability before any of this is possible.
Typical figures (ranges only)
- Typical property value range
- $700k – $1.4m
- Typical current LVR range
- 40% – 65%
- Equity release considered
- Often $40k – $150k
Figures are broad, illustrative ranges only — not a quote, forecast, or guarantee of a similar outcome.
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Important — General Information Only
This information is general in nature and does not take into account your personal objectives, financial situation or needs. It is not personal advice, credit advice, tax advice or legal advice, and is not a recommendation to enter into, refinance, or remain in any particular credit contract. Any figures, calculations, or projections shown are simplified examples for illustration only — they are not guarantees or forecasts, and actual outcomes will vary based on your circumstances and the lender's assessment.
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