happy couple outside home

So you own a home What next?

Perhaps you'd like to upgrade to a bigger home for you and your growing family. Or maybe it's time to start investing to provide for your retirement. The truth is, once you have already bought your first home, you have a number of options on your plate.

As a homeowner, you can easily tap into existing equity to use for whatever you want, whether it's an investment, a holiday home or another residence. This can be done through a mortgage refinance, allowing you to use funds you have already built up over time through your current home loan.

Invest in a rental property

If you're looking for a way to supplement your current income and build wealth over a long period of time, you may want to consider property investment. You might think you don't have enough finance to buy a rental property, but you can actually use existing equity to cover the deposit.

You can also use this equity to cover some of the upfront costs associated with buying a property, such as stamp duty and legal fees.

Buy another home

There are a number of reasons why you might choose to buy another property. You may want to use it as a holiday home or perhaps allow family members to live in it.

This can be made possible through accessing equity in your loan, allowing you to use it as security for another home mortgage.


If you would like to perform renovations to your home, you can use the equity in your loan to cover the costs. Whether you're installing a new kitchen, replacing carpets or perhaps extending the living area, you're able to refinance your mortgage to pay for it.

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This information has been prepared without taking into account your individual objectives, financial situation or needs. You should, before acting on this information, consider its appropriateness to your circumstances.