Upsizing, moving, or buying the next one
Buying your next home in Brisbane? Let's make it a plan, not a gamble.
The biggest worry with a next home is getting caught between two properties. It's a sequencing problem, and it has an answer. We map out your options with real numbers before you sign anything.
Already one of our clients? We have your file, so we can move quickly.
Your three pathways
Three ways to fund the next move.
Most next home buyers fit one of these. The right one depends on how fast homes like yours sell, how much equity you have, and how you'd feel about moving twice.
Sell to buy
Sell first, then buy with an exact budget. The lowest-risk route, and you shop as a strong buyer.
- Watch out for
- The gap between homes. A long settlement or a rent-back can cover it.
- Suits
- Slower markets, or when you'd rather know your number first.
A home to home loan (a bridging loan)
Buy the next place first and sell your current one after, using a bridging loan to carry both for a while. One move, and no missing the right house.
- Watch out for
- Your sale price is a forecast, not a fact. If it sells for less, your loan ends up bigger.
- Suits
- Strong equity, a realistic sale price and a market where homes move.
Keep it as an investment
Hold your current home, rent it out, and buy the next one using your equity. Your first home keeps working for you.
- Watch out for
- Two mortgages to service, and structure matters for tax. Get advice from your accountant.
- Suits
- Solid income, good equity and a home that rents well.
General information only. Bridging finance carries real risk if a sale takes longer or sells for less than expected. Where a bridging loan has no end debt, lenders usually don't pay commission, so a fee for our service may apply. We always tell you upfront, before you go ahead. Tax and structure questions need advice from your accountant.
The honest test
Price your home like a buyer, not an owner.
Every next home plan rests on one number: what your current place will sell for. Lenders take a cautious view of that number, and so should you.
So we run your plan on a sensible sale price, not a hopeful one. If it only works at the top of the range, it isn't a plan yet. We'll tell you, and show you what would make it work.
Our to-do list
While you house hunt- We check your equity first. Before you go to open homes, not after.
- We talk to your agent and conveyancer. Settlement dates have to line up, so we work with them to make that happen.
- We look at your existing mortgage. Break costs, portability and whether to keep the same lender.
- We keep you posted. You'll know what we've done and what happens next, without asking.
Should I buy first or sell first?
There's no single right order. Selling first is lower risk but can mean moving twice. Buying first means one move but carrying two properties for a while. The answer depends on how fast homes like yours sell, your equity and how you'd cope with a gap. We map both on your real numbers.
How does a bridging loan work?
A bridging loan lets you buy your next home before your current one sells. The lender holds both properties as security, usually for 6 to 12 months. When your home sells, the proceeds pay the loan down to a normal mortgage. Interest usually adds to the balance while you wait, so the timing of your sale matters.
How much equity do I have?
Roughly, it's what your home would sell for minus what you owe. Lenders usually let you use equity up to 80% of the value without LMI. We work out the lender's view of your value, which is often more cautious than an agent's appraisal.
Can I keep my first home and rent it out?
Often, yes, if your income and equity support both mortgages. How the loans are set up matters a lot, for flexibility and for tax. We handle the lending side and work alongside your accountant on the rest.
Plan the move before you fall for the next place.
A quick phone call tells us which pathway is worth mapping out. Then we run the real numbers in your Strategy Session.
No documents, no credit check. In most cases the lender pays us, so there's no cost to you.
What happens on the call
- Tell us what you're after.
- We'll explain how we work.
- If it makes sense, we'll book you in for a Strategy Session to go over the numbers properly.
You'll talk to a qualified mortgage broker.