Put it into context
If a home is estimated at A$800,000 and the related loan balance is A$500,000, simple gross equity is A$300,000. That does not mean A$300,000 is available to spend, borrow or receive after a sale. Lenders use their own policies and valuations; sale costs, tax and other secured debts may matter. ASIC Moneysmart explains borrowing against home equity. Keep a dated property estimate and loan statement with the calculation. For a jointly owned property, decide whether you are considering the whole property or an attributable share.
