Using the equity that you already control in your current property can be a helpful way to produce the deposit for an investment property or your new primary place of residence. Equity home loans typically allow you to access up to 80% of your current equity to finance a new property purchase, provided that you can still manage the repayments for two properties.
It is common for people who wish to build a property portfolio to utilise this approach, as the interest repayments and other fees associated with your investment property are eligible to be written off as tax expenses, therefore making the overall impact of your loan repayments on your finances less burdensome.