Property equity calculator

⚡️ Calculate your usable equity
⚡️ See how much you need to borrow
⚡️ Talk to our Investor Concierge team

What is equity?

Equity is the difference between your property’s value and the outstanding balance on your home loan.

If this is a positive number, you have usable equity and may be able to take a loan out against this amount. Use it to accelerate towards your investment goals, like renos or your next property purchase.

Athena helps you unlock equity fast to give you the winning edge.

Equity calc equity desktop
Equity calc banner mobile
Equity calc banner mobile

Investors get the edge with Athena

Award-winning investment mortgages with super sharp rates and our Investor Concierge for expert support.

✓ Fast pre-approval that lasts 90 days
✓ Unlock equity fast to buy your next property sooner
✓ No fees on our Straight Up and Power Up variable loans
✓ Split up to 10 loans against your property
✓ Multi-offsets to manage tax and cashflow

Investor savings desktop
Savings $52,000 mobile
Savings $52,000 mobile

Chat to our Investor Experts team

Your property investment secret weapon, this Aussie-based A-team is here for you 5 days a week⁶.

Talk to us about

→ Accessing usable equity for your next purchase
→ Refinancing your rental property loan
→ Seeing how much you could borrow
→ Loan structuring to maximising investor benefits including tax

Contact Us Group V1 desktop optimised
Contact Us Group V1 mobile optimised
Contact Us Group V1 mobile optimised


How do you calculate usable equity?

It’s 80% of your current property value less your current loan amount. For example, take a property that’s valued at $750,000 with a current loan balance of $500,000. Taking 80% of the property value is $600,000 less the current loan amount of $500,000 gives you $100,000 in usable equity.

What can I use my equity for?

This could be used to purchase or invest in another property, fund a renovation, or other investments and needs.

How do I access my usable equity?

We can help! When you apply, we’ll ask if you’re using any equity from a property you own as part of your deposit. Select yes and one of our Loan Experts will get in touch after you submit your application.

Are there any fees to access my usable equity with Athena?

We don’t charge fees! It’s true, we really don’t – no variation fees, no fees to access your equity, no application or valuation fees, no annual or monthly fees on our Straight Up or Power Up home loans. Seriously WTF, Where’s The Fees? There are no Athena fees on our Straight Up or Power Up loans, although there will be Government charges involved, regardless if you’re buying or refinancing.

If you’re buying, there are upfront costs charged by the Government and third-parties that you’ll need to consider. These can include stamp duty, transfer fees, mortgage registration fees, legal fees, pest and building inspections fees, and home, building and contents insurance. Upfront costs will vary depending on your situation.

If you’re refinancing, the Government will charge you for making the switch. We’ll increase your loan amount by $260 - $440 depending on your State, to cover not only these but also any minor changes to your existing loan balance right before the refinance. This helps speed up your refinance and reduces the hassle of you having to cover any shortfall on the day of settlement. Of course, any surplus that isn’t needed goes straight to your nominated account at settlement, which you can choose to pop back into the loan and reduce the balance again.

How do I determine the correct loan structure for my loan?

There are a few things to consider when setting up your home loan depending on how simple or complex your situation is. If you plan to use it for investment purposes, it’s often a good idea to split this amount into its own loan so that you keep your investment property loan neatly separate to your owner-occupied loan. Chat to our Investor Concierge team on structuring your loan today.

What are my tax implications?

It’s important to have your loan set up to reflect the actual purpose of the funds and make sure that you use the funds as intended. If not, you may encounter issues with the ATO if your accounts are ever audited. The ATO has strict rules about what interest is deductible interest, so having split loans for investment purposes to keep things separate from your owner-occupied loans is very important. Your accountant will also love you for it and you should speak to a tax professional for their advice if you’re unsure.

Athena acknowledges the traditional owners of the land on which we gather the Gadigal people of the Eora nation. We acknowledge that sovereignty was never ceded and respect their continued and continuing connection to this place.