Shared Equity Option

Shared Equity Option

A secondary loan that boosts your borrowing power to give you a greater choice of homes in a wider range of suburbs.

The Shared Equity Option allows you to borrow up to 33% more without increasing your monthly repayments.


Boost your borrowing power Once you have reached your borrowing limit on a HomeStart primary loan you can apply for the Shared Equity Option to boost your loan amount by up to 33%. The Shared Equity Option is only available on established properties and not for new build or house and land packages.
No interest rate payments No interest is payable on the Shared Equity Option. Instead, HomeStart will share in the gain or loss in property value when you sell your home.
Eligibility To be eligible you will need to meet the requirements of a HomeStart primary loan and have reached your borrowing limit on that loan. The Shared Equity Option is only available for established properties.
Voluntary repayments You can make voluntary repayments of $10,000 or more to the Shared Equity Option, on top of the minimum repayments to your primary loan, at any time.
Final payment The final payment on a Shared Equity Option will include the loan balance plus a portion of the gain or loss when you sell. If you refinance, HomeStart will share in the property valuation gain, but will not share in any loss.

Shared Equity Option fact sheet

Shared Equity Option key features

Need more information? Call us on 1300 636 878.

Eligibility criteria, terms and conditions apply. Fees and charges are payable.