A bigger loan magnifies every rate rise. Scaling broker estimates, a $1.5 million loan costs roughly $244 a month more for each 0.25% rise. Here is how to stress-test an upsize before you list your current home.
Upsizing means deciding whether to sell your current home before you buy the next one, or buy first and figure out the sale afterwards. Neither is automatically right, here’s what actually changes depending on which order you choose.
A deposit bond can free up your next purchase’s deposit before your current home sells, for a fraction of bridging loan interest. Here’s how it works.
Tapping equity through a cash-out refinance can fund your next deposit, but lenders cap it at 80% LVR and reassess your full serviceability. Here is how to work out what you can actually access.
A bridging loan isn’t the only way to upsize before your current home sells. Here’s how simultaneous settlement works, and the real timing risk it carries instead.