C&G’s Guide to Property Equity

If you own a home, chances are you’ll have slowly built up equity in your property as years have progressed. If you’re en route to becoming a homeowner, it’s worth understanding the concept of equity, so you can plan for a rewarding future of property investment. In this C&G blog, we unpack what property equity is and how you can leverage it towards achieving your lifestyle goals and financial aspirations.

What is Property Equity?

Equity is the difference between your property’s value and the amount you owe on your mortgage. Chisholm & Gamon will gladly conduct an obligation-free market appraisal to determine your asset’s current worth, giving you a good starting point for determining your available equity. The longer you’ve owned your asset and the more you’ve paid off your home loan, the higher your equity will be.

What Can You Use Equity For?

Whether you intend to improve your lifestyle or invest in a new opportunity, property equity can help. People will generally borrow against their equity to fund large purchases such as a new car, holiday, business start-up, home renovation or even to invest in new property.

Your available equity gives banks additional confidence when loaning you money, generally up to 80% of your home’s value. In some cases, equity may act as a substitute for a deposit and some property loans are even structured around accessing equity. Do keep in mind that banks will consider other factors such as your income, living expenses, or additional debts.

Are you considering your next steps and wondering how equity can help? We always recommend consulting a financial advisor and broker to ensure you are fully informed before making substantive decisions. If you need some advice, Chisholm and Gamon are more than happy to assist. We also have an extensive network of local experts we can refer you onto. Reach out today!


03 9531 1245
90 Ormond Road,
Elwood Vic 3184
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Black Rock

03 9589 3133
3 Bluff Road,
Black Rock Vic 3193
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03 9646 4444
1/103D Bay Street,
Port Melbourne Vic 3207
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