Equity Release › Can I use equity to renovate my home?

Can I use equity to renovate my home?

Yes. Releasing equity is a common way to fund renovations without dipping into savings. For cosmetic work it is straightforward, while large structural builds may need a construction style loan instead.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

For most renovations, an equity release or top up is the simplest path, giving you the funds to pay trades and suppliers. Bigger structural projects can tip over into construction lending, which releases money in stages. Knowing which path your project needs up front avoids delays once the work starts.

The key points

Equity release commonly funds renovations.
Cosmetic work is usually straightforward.
Large structural builds may need a construction loan.
Match the loan type to the project size.

Free, no obligation

See how much equity you could access

Answer a few quick questions and we can estimate your usable equity across a panel of more than 70 lenders. No cost, no obligation.

Check Your Options

A few quick questions, no obligation.

What is your goal?

Buy a home or investment property First home, next home, or adding to your portfolio Build a house or develop land New build, renovation, duplex, or subdivision project Lower my current repayments Better rate, release equity, or restructure existing debt Finance an established commercial property Business premises or commercial investment asset

Tell us a bit more about the plan

How do you earn your income?

Standard salary or wage Full-time, part-time, or casual employment (PAYG) Self-employed or business owner Sole trader, company director, or contractor

How is your credit score?

This helps us match you to the right lender from the start.

Healthy No issues that I am aware of A few small marks A couple of late payments, now caught up Not sure, or it is complicated We work with specialist lenders for these situations

Last step. Where should we send your options?

Your information is private and we will never share it.

First Name

Last Name

Email Address

Australian Mobile Number

By submitting, you agree to be contacted by one of our team of licensed mortgage brokers. No obligation. No spam.

You're all set.

We've received your details. One of our friendly brokers will reach out within 1 business day to help guide you through your options.

More equity release questions

Back to the full Equity Release guide

Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.