Home Equity Estimator
Your home equity is your property’s value minus what you owe on it. Unlock a clearer picture of your property wealth with our Home Equity Estimator — a simple tool designed to help you understand how much equity you may have built in your home.
Whether you’re planning future investments, considering refinancing, or simply want to track your financial progress, this estimator gives you an easy way to gauge your current equity position.
Enter an estimated property value to see results.
How this estimate is calculated
If selling costs are entered, we estimate: Value after costs = Property value − (Property value × selling costs %). Then: Equity = (Value basis) − (Home loan balance + other secured debts).
This is a simple estimate and does not include unsecured debts, early payout fees, tax considerations, or lender policies.
Important: This calculator provides general information only and does not take into account your objectives, financial situation or needs. Results are estimates and may differ from actual outcomes. Consider seeking independent financial, legal or taxation advice before acting on the results.
Home equity by property value and loan balance.
The same two lines of arithmetic the estimator runs, worked through for common Australian numbers. Equity is the property value minus the loan. Usable equity is 80% of the property value minus the loan: the part most lenders will let you borrow against before lenders mortgage insurance applies.
| Property value | $200k loan: equity | $200k loan: usable | $400k loan: equity | $400k loan: usable | $600k loan: equity | $600k loan: usable |
|---|---|---|---|---|---|---|
| $600,000 | $400,000 | $280,000 | $200,000 | $80,000 | $0 | $0 |
| $800,000 | $600,000 | $440,000 | $400,000 | $240,000 | $200,000 | $40,000 |
| $1,000,000 | $800,000 | $600,000 | $600,000 | $400,000 | $400,000 | $200,000 |
| $1,200,000 | $1,000,000 | $760,000 | $800,000 | $560,000 | $600,000 | $360,000 |
| $1,500,000 | $1,300,000 | $1,000,000 | $1,100,000 | $800,000 | $900,000 | $600,000 |
Equity = property value − loan balance. Usable equity = (80% × property value) − loan balance, floored at zero. The same model the estimator above runs, before selling costs and other secured debts. Lender policies differ.
Know your equity? Here’s what it can do.
Discover how to make your property and cash work harder — whether through shares, investment property, or a blended debt-recycling approach. It starts with a simple conversation:
- Talk with a licensed financial adviser about how to make the most of your home equity
- See if you’re on track and explore the steps to unlock your property wealth.
Frequently asked questions.
How do I calculate my home equity?
Home equity = your property's current market value minus everything secured against it (your home loan balance and any other secured debts, like a line of credit). For example, a $900,000 home with a $500,000 loan has $400,000 of equity.
What is usable equity?
Usable equity is the part of your equity a lender will typically let you borrow against, usually up to 80% of your property's value minus your current loan. On a $900,000 home with a $500,000 loan, usable equity is roughly $220,000 (80% x $900,000 minus $500,000).
How much equity do I need to buy an investment property?
As a rough guide you need enough usable equity to cover a 10-20% deposit plus purchase costs (stamp duty, legal fees). Whether that is a good idea depends on your cash flow, goals and risk position. That is exactly what our Equity Strategy Workshop models for you.
Is this calculator financial advice?
No. This calculator provides general information only and does not take into account your objectives, financial situation or needs. Results are estimates and may differ from actual outcomes. Consider seeking independent financial, legal or taxation advice before acting on the results.
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Request a call back. Talk with a licensed financial adviser about how to make the most of your home equity, and explore the steps to unlock your property wealth.
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