NEXT HOME BUYER

Because buying should be easier the second time around

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The one solution for all next home buyers

When you’re buying your next property, we’re the one you can trust with your growing portfolio. Our experienced mortgage brokers will expertly navigate the loan market and support you through adjusting and securing your financial resources to get you on the road to prosperity sooner.



What we do for our next home buyers

One solution
Skilled assessment of your personal financial circumstances to create one tailored and innovative finance solution
One contact
Direct communication and personalised support from an expert broker experienced in property finance
One result
Securing your new home with the right loan package to help you enjoy a brighter financial future
CORONIS FINANCE
What matters to you inspires what we do.

Looking for a second home buyer loan? We’ve got the right one for you

Because we know that buying another property requires a little creative thinking, we’ve formed a team of industry-leading brokers who will expertly assess your personal financial circumstances and tailor a customised financial solution for your unique portfolio. Your specialist broker will navigate the loan market to determine the best borrowing or refinancing options for your purchase, and craft a solution to help you secure your new property faster.

Looking for answers? We’ve got one for you

How much deposit do I need for a second property?

When it comes to buying your next home in Australia, it’s a good idea to have a deposit around about 20% of the total purchase price. While this may sound like a lot of money, you may be able to use any equity that has built up in your current home as a form of deposit, rather than having to save up the total amount in cash. Coronis’s skilled brokers have extensive knowledge of property investments in Australia, and they will use their financial acumen in assessing your personal financial circumstances and leverage you the best loan or refinancing options for your new property.

What is equity, and how can I use it to buy another property?

Equity is the difference between what you currently owe on your mortgage and your current property valuation. For example, if you owe $250,000 on your mortgage, but your property is valued at $485,000, then you have $235,000 of usable equity. However, you may need to have the property valued by a professional in order to gain an accurate assessment and to gauge how much you can access, because most banks will only allow you to borrow up to 80% of the property’s value. Try our equity calculator, or contact the specialist brokers at Coronis who will be able to assess your equity to determine how to use this valuable financial tool to help secure the next home in your growing portfolio.

How much can I borrow when buying my next home?

Just like when you were a first home buyer, the amount of money you can borrow will depend on a range of factors including the size of your deposit, your income, and your personal debt levels. Because they’re among the best mortgage brokers in Australia, your specialist broker at Coronis will accurately assess your borrowing potential and explore finance options before helping you to settle on the option that best suits your needs. For a basic assessment of what you might be able to borrow, you can also use our free online calculators.

Should I get a bridging loan?

If you’re planning to buy your next home, and you’re planning to sell your current home but haven’t yet, a bridging loan may be a suitable short-term solution. A bridging loan acts as a ‘bridge’, covering the cost of your second mortgage while you’ve got your first property for sale. Most bridging loans offer interest-only repayments, which makes it easier to briefly juggle the cost of two home loans, but this does depend on the lender. As an expert on property investment in Australia, your specialist broker at Coronis will be able to tell you more about bridging loans, and whether this is the best finance solution for your circumstances.

If you’re looking for an experienced refinance mortgage broker in Australia, you’ll find the specialist you need at Coronis. Feel free to download any of our helpful guides or use our refinance calculator, or contact us anytime and we’ll be happy to help.

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