RBA Cash Rate: 4.35% · 1AUD = 0.71 USD · Inflation: 3.9%  

    Booking    Contact    (02) 5500 5529

  Buy Invest Live [ FINANCE SPECIALISTS ]

Home Loan Variable: 5.93% (6.13%*) • Home Loan Fixed: 6.09% (6.08%*) • Fixed: 6.09% (6.08%*) • Variable: 5.93% (6.13%*) • Investment IO: 6.13% (6.33%*) • Investment PI: 6.13% (6.33%*)

What is Meant by the Term “Equity”?

Equity is the value of an asset (e.g house, car) minus any debts attached to that asset.

For a property, the equity would be the current market value of the property minus the balance of any loans attached to that property.

As an example, say we have a property as follows:

  • The current value of a property is $1,000,000
  • and

  • The loan balance against that property is $600,000

The equity in this property would be $400,000. That is $1,000,000 – $600,000 = $400,000

Related FAQs:

Share this FAQ

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest
      REVIEW

Owner Occ. (Selected P&I Rates)
Interest*
5.93%
Comparison*
6.13%
   
5.99%
6.04%
   
6.04%
6.06%
   
6.04%
6.07%
   
Selected Invest Products (P&I)
Interest*
6.13%
Comparison*
6.33%
   
6.14%
6.16%
   
6.14%
6.19%
   
6.19%
6.22%
   
Selected Multiple Lenders (Fixed)
Interest*
6.09%
Comparison*
6.08%
   
6.29%
8.13%
   
6.30%
7.30%
   
6.39%
7.00%
   
Selected Multiple Lenders (Variable)
Interest*
5.93%
Comparison*
6.13%
   
5.99%
6.04%
   
6.04%
6.06%
   
6.04%
6.07%
   
Selected BIg-4 Lenders (Variable)
No results matching criteria.
Selected Invest Products (IO)
Interest*
6.13%
Comparison*
6.33%
   
6.35%
6.37%
   
6.39%
6.30%
   
6.65%
7.68%