When people talk about equity in their home, they are referring to the value they have built up over time. Equity can be a useful way to renovate your home or help you buy another property, but it is important to understand how it works first. What is equity? Equity is the difference between what your property is worth today and how much you still owe on your home loan. For example, if your home is worth $800,000 and your loan balance is $500,000, your equity is $300,000. This is the part of...

Building a home in Australia is usually financed through a construction loan, which operates very differently from a standard home loan. Understanding how funds are released, how builders are paid, and how repayments work during construction can help you avoid delays, cash flow stress, and unexpected surprises. This article explains the standard construction loan process used by most Australian lenders . While the principles are broadly consistent across the market, specific requirements...

Buying a property in Australia can be confusing if you’re coming from the Spanish system. The laws, contracts, and procedures are quite...