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Home Equity Calculator

Use our Home Equity Calculator to estimate how much equity you may have in your property.

Home equity is the difference between your property's estimated current value and the amount you still owe on your home loan. As your property value changes and your loan balance reduces, the amount of equity you hold may increase or decrease.

Enter your estimated property value and current home loan balance to get a quick indication of your available equity and loan-to-value ratio.

What is home equity?

Home equity represents the portion of your property that is not currently financed by your home loan.

For example, a property worth $800,000 with a remaining home loan balance of $500,000 would have approximately $300,000 in equity before taking into account lender requirements, valuation differences, fees or other liabilities.

Equity can build over time as you repay your loan or as the value of your property increases.

What can property equity be used for?

Depending on your circumstances and lender requirements, property equity may be considered when reviewing finance for purposes such as:

  • refinancing an existing home loan
  • purchasing an investment property
  • funding a renovation
  • buying another property
  • consolidating eligible debts
  • accessing funds for an approved purpose

Having equity does not automatically mean you can borrow against the full amount. Lenders generally consider your income, expenses, existing debts, credit history, property valuation and lending criteria before approving additional finance.

What is usable equity?

Usable equity is the portion of your property equity that a lender may allow you to access while keeping your loan within its required loan-to-value ratio.

Many lenders assess loans against an LVR threshold rather than allowing borrowers to access all available equity.

This means the amount shown as total equity may be different from the amount you could potentially borrow.

What is loan-to-value ratio?

Your loan-to-value ratio, commonly called LVR, compares your home loan balance with the value of your property.

A lower LVR generally means you have more equity in the property.

Your LVR can also affect lender eligibility, interest rates, refinancing options and whether Lenders Mortgage Insurance may apply.

Why calculate your home equity?

Understanding your estimated equity can give you a clearer picture of your current home loan position.

It may help when considering whether to refinance, purchase another property, restructure your loan or review whether your current mortgage still suits your circumstances.

A mortgage broker can also help review your property value, current loan balance and lender requirements to provide a more complete picture of your borrowing position.

Equity Calculator

Enter your estimated property value and current home loan balance to calculate:

  • estimated property equity
  • approximate loan-to-value ratio
  • an indication of your current equity position

Calculator results are estimates only and may differ from a lender's formal property valuation or assessment. The information provided does not constitute an offer of credit or a guarantee that finance will be approved. Lending criteria, eligibility requirements, fees, charges and conditions may apply.

Important Note: The calculators and tools provided are for general information purposes only. They are designed to illustrate possible scenarios and should not be relied upon as financial, legal, or taxation advice. The results are based on the information you enter and certain assumptions, which may not reflect your personal circumstances. You should consider obtaining professional advice before making any financial decisions. While every effort is made to ensure the information is accurate and up to date, no guarantee is given as to its completeness or reliability.

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FABIAN RESTAINO (Credit Representative Number 382599) and Finance Industries Australia Pty Ltd (ABN: 81 619 871 788 with Credit Representative Number 500181) are authorised Credit Representatives under Australian Credit Licence 387025.

The information provided is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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Luke Shrewsbury

Finance Broker
Luke has over 15 years experience in Financial Services and has developed a deep understanding of the importance of working with clients to achieve their goals, and ensuring the right frameworks are in place to aid this.
After obtaining a job in credit card defaults and collections in his early 20’s while finishing his studies - Luke felt he could make a real difference to those around him, simply to better understand money, cut through the jargon and make better decisions, so he dedicated himself to learning and practising this throughout his career.

Having worked in a range of roles, this expertise gained and a thorough understanding of the industry and an ability to convey these in a simple, plain English manner, have ensured clients receive first class experience and feel confident in their future.

Luke is committed to his ongoing education, and this ensures clients are kept up to date with industry rules, taxation, and other changes that often occur.
Luke has previously provided financial commentary to News Limited publications such as the Courier Mail, Daily Telegraph and News.com.au.
Outside of work, Luke can be found out and about with his wife, and young daughters, on the water – boating or surfing, or generally keeping active and enjoying everything Queensland has to offer.
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George Hawi

Broker
George Hawi is a dedicated finance professional with over 10 years of experience in the finance industry, bringing deep expertise, strategic insight, and a client-first approach to his role at Finance Industries Australia (FIA). Throughout his career, George has worked closely with individuals, families, and businesses to deliver tailored financial solutions that support long-term success.
At FIA, George plays an active role in driving strategic initiatives, strengthening industry partnerships, and enhancing the value delivered to clients and stakeholders. He is passionate about helping clients achieve their goals and is committed to providing clear guidance, structured solutions, and ongoing support throughout their financial journey.
Beyond his professional work, George is actively involved in the community through charity initiatives and fundraising efforts, reflecting his strong belief in giving back and making a meaningful impact.
Outside of work, George enjoys spending quality time with his family, travelling, and staying active in the community. He is a passionate Rugby League fan and a loyal Manly supporter, and on weekends, you’ll often find him watching the UFC with friends.
George Hawi is a Credit Representative 573339 authorised under Australian Credit Licence 387025.
Giuliana Restaino

Giuliana Restaino

Client Support Manager
Giuliana has been in the front line of Management in Client and Customer Liaison for over 25 years.

Working with large corporations and companies, directly in Administration and Customer Service, this is her passion and she is always happy to go over and above for her clients everyday.

As a mother of three beautiful children, life is busy, and time management is of high priority. Giuliana has learnt to prioritise what’s most important and always ensures that the company and people she works with, directly or indirectly, are a big part of her day! You will always know you’re taken care of and have been made a priority with the service that Giuliana projects.
Anne-Marie Tonkin

Anne-Marie Tonkin

Head Broker
As a mother with a mortgage and young family, Anne-Marie connects personally with her clients. Together with her industry knowledge, she understands and appreciates many of her clients’ concerns, ensuring that every step of their financial journey, is as seamless and stress-free as possible.

Anne-Marie is dedicated to breaking old models of thinking, and helping her clients discover many positive possibilities, which they may not have been aware of.

Credit Representative 502467 is authorised under Australian Credit Licence 387025
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Fabian Restaino

Principal & Finance Manager
Fabian’s passion for the finance industry spans decades. He has accrued a vast wealth of experience, which he applies today, at Finance Industries Australia. The company’s service offerings have diversified since inception, to provide a comprehensive portfolio of financial advice, enabling clients to save both time, and money.

When not in the office, Fabian can be found actively involved in local community work. He is Chairperson of the Board at Varsity Lakes Community Limited, where many fundraising events are hosted, to build local businesses, charities, as well as support numerous youth education programs.

With Fabian at its helm, FIA is very much dedicated towards providing access to quality financial advice, regardless of age or financial position.

Credit Representative 382599 is authorised under Australian Credit Licence 387025