How to Make the Most of the Equity in Your Home
Record-low interest rates, strong buyer demand and low listings continue to fuel strong house price growth across the country.
That means that many homeowners are now sitting in an enviable position, having seen a strong uplift in equity. The equity in your home is simply the value of the property minus any outstanding loan.
The great thing about real estate is that you’re able to access that uplift in equity to put towards a deposit on another property. It’s also possible to use those funds to put towards your current property to increase its value even further through things such as a renovation or even a subdivision where possible.