Upgrading your house
Expert home loan support for Australian families ready to upsize and move into their ideal home
Rated 5 from 45 Reviews
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Expert home loan support for Australian families ready to upsize and move into their ideal home
Rated 5 from 45 Reviews
When your family grows and your current property no longer fits your life, upgrading your house becomes a meaningful and necessary step. Whether you need more space for a growing family, want to move to a suburb with better schools or amenities, or simply need room for changing circumstances, Premier Path Finance understands that this decision goes well beyond buying a larger home. It is about securing your family's future, accessing the lifestyle you have worked towards, and creating an environment where everyone can flourish. Our team specialises in helping clients across Melbourne, Victoria and nation-wide manage the complexities of upgrade property finance, so you can move from your current home to your ideal location with clarity and confidence.
The financial side of upsizing involves careful consideration of several factors that can meaningfully affect your borrowing position and overall costs. Premier Path Finance works closely with you to assess your current equity, helping you understand how to use it to fund your upgrade. We provide access to home loan options from banks and lenders across Australia, comparing variable and fixed interest rate products to find solutions that align with your goals. Our expertise extends to scenarios such as bridging loan requirements when the timing between selling and buying does not align, understanding stamp duty implications including potential upgrader concessions, and structuring your loan to value ratio (LVR) to secure the most favourable interest rate available to you.
Upgrading your house requires careful planning to manage the transition between properties while protecting your financial stability. Premier Path Finance provides comprehensive support throughout the entire sell-and-buy process, helping you coordinate settlement dates, manage deposit requirements, and structure your upgrade home loan to reduce financial pressure during the changeover. We understand that every family's situation is different - whether you are moving suburbs for lifestyle reasons, creating space for a home office, or accommodating a growing household. Our personalised approach ensures your borrowing strategy is tailored to your income, circumstances, and long-term financial objectives.
The decision to upsize and buy a larger home is one of the most significant financial commitments you will make, and having the right guidance makes a real difference. Premier Path Finance does not just help you secure finance - we become your trusted partner throughout the entire journey, providing expert advice on loan structuring, property valuations, and lender selection. Our established relationships with major banks and specialist lenders across Australia mean we can access rates and loan features that may not be available when approaching lenders directly, potentially saving you thousands over the life of your loan. Families with a range of needs - from multigenerational living to expanding households - will find that we are experienced in finding considered solutions to complex financial situations.
At Premier Path Finance, we believe every Australian family deserves to live in a home that genuinely meets their needs. Our commitment to clients across Melbourne, Victoria and nation-wide goes beyond processing applications - we educate you about the upgrade process, empower you to make informed decisions, and support you well after settlement. Whether you are exploring equity release options or ready to begin your property search, our team is here to provide the expert mortgage broking services you need. With deep knowledge of current lender policies and market conditions, Premier Path Finance is your partner in achieving the home and lifestyle your family deserves.
We start with a relaxed conversation to understand what upgrading your house means for you and your family. We explore your current property position, your target home, and the timeline you are working towards. This helps us map out a clear path forward and identify the right home loan structure from the outset.
We review your income, expenses, existing equity, and liabilities to build an accurate picture of your borrowing capacity. This step also identifies any eligibility for lender discounts, government schemes, or LMI waivers that could benefit your upgrade.
Based on your profile and goals, we curate a shortlist of upgrade home loan options from our panel of lenders. Whether you need flexibility, a lower rate, or access to a bridging loan to manage the gap between selling and buying, we walk you through the pros and cons of each option so you can decide with confidence.
We guide you through pre-approval to strengthen your position when making offers. For clients with existing properties, we structure the loan carefully to manage both settlements and protect your cashflow throughout the upgrading your house process.
Once your loan is approved, we coordinate with solicitors, lenders, and other parties to keep everything on track. We walk you through the loan documents, clarify the terms, and ensure settlement proceeds without unnecessary complications.
Our relationship continues well beyond approval. We conduct regular loan reviews and keep you informed of opportunities to improve your rate or restructure as your circumstances evolve. We are here for the long term, not just the transaction.
At Premier Path Finance, we guide each client along a transparent, confident path to home ownership and lasting financial wellbeing. Drawing on more than 25 years of combined banking and finance experience, our award-winning team delivers mortgage strategies that are both sophisticated and straightforward.
Founded by Luke Owen and Michael Kirk, we built our firm on a simple belief: lending should never feel overwhelming. Whether you are a first-home buyer, seasoned investor, business owner or high-net-worth professional, we are by your side with clarity, integrity and genuine care.
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Shannon Campbell
We originally went to our bank with our complex file and felt under appreciated when our banker didn’t want to take the time to understand our needs. We then approached Luke who took less than 24 hours to provide us with an indicative and subsequently a pre approval. Our bank said it was not possible. We felt valued, appreciated and supported. Our family was able to purchase an investment property for our future and Luke was able to make that possible. Highly recommend.
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Stacie Karas
We have dealt with Luke from Premier Path Finance on numerous occasions for purchase of properties and refinances. Luke is very responsive and nothing is too much trouble. He has his clients’ best interest at heart! Every dealing has been a smooth and stress free transaction and we would not even consider engaging anyone else in the future. Highly recommend!
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Is
Luke was amazing helping me buy my first property, from our initial chat and chatting about my circumstances and next steps right through to settlement! Luke was always happy to answer my questions, talk through the process and give me all the options, and made a process I had no idea about as seamless as possible. Couldn’t recommend more highly!
Banks can only offer their own products. At Premier Path Finance, we compare a wide range of lenders to help you find a loan that suits your goals and circumstances.
We do the research, paperwork and negotiations on your behalf, making the process simple, stress-free and easy to understand.
Currently over 80% of loans in Australia are provided through a broker instead of directly at the bank, due to the options a broker can provide.
There is no cost to you for using a broker.
We are paid by the lender once your loan settles, which means you won't pay any additional fees and there is no impact on your interest rate or loan terms. Our service is designed to make the process easier by doing the research, comparing lenders and managing the paperwork on your behalf.
With Premier Path Finance, you receive expert advice and support at no extra cost, while we do the hard work for you.
Your borrowing capacity depends on factors including:
• Your income
• Existing debts and expenses
• Deposit amount
• Employment type
• Credit history
We'll assess your situation and help you understand your borrowing power before you start looking for a property.
Many lenders allow eligible borrowers to purchase with as little as a 5% deposit. A larger deposit may provide more lender options and help reduce costs such as Lenders Mortgage Insurance (LMI).
We'll guide you through your options and explain exactly what you'll need.
Pre-approval is an indication from a lender of how much you may be able to borrow before you purchase a property.
Pre-approval can help you shop with confidence and understand your budget. We'll manage the entire process and liaise with the lender on your behalf.
Timeframes vary depending on the lender and your circumstances. Many approvals are completed within a few days to several weeks.
Our team keeps the process moving and handles the communication with lenders, making everything easier for you.
Absolutely.
Buying your first home can feel overwhelming, but we'll guide you through every step. We'll explain the process in plain English, help you understand your borrowing capacity and determine whether you're eligible for grants and concessions.
Depending on your circumstances and location, you may be eligible for:
• First Home Owner Grants
• Stamp duty concessions
• Home Guarantee Scheme initiatives
We'll help you understand what support may be available and whether you qualify.
Yes.
A guarantor loan may allow eligible borrowers to purchase with little or no deposit while avoiding LMI.
Using a family guarantee in some cases can cover the full purchase cost of a property, inclusive of stamp duty (105% lend), with identical loan terms to a standard loan.
We'll explain how guarantor loans work and whether they're suitable for your circumstances.
Lenders Mortgage Insurance is generally required when you borrow more than 80% of the property's value.
LMI protects the lender, not the borrower. The cost varies depending on the size of your loan and deposit. We can help you understand whether it applies and explore options to minimise or avoid it.
Refinancing may help you:
• Lower your interest rate
• Reduce repayments
• Consolidate debts
• Access equity
• Improve loan features
We'll compare lenders and manage the refinancing process from start to finish.
Yes.
If your property's value has increased or you've paid down your loan, you may be able to access equity for:
• Renovations
• Investment properties
• Debt consolidation
• Personal expenses
We'll help you understand how much equity may be available and which options suit your goals.
Yes.
We assist investors with:
• Investment property loans
• Equity release
• Portfolio growth
• Interest-only lending
• Refinancing existing loans
Whether you're buying your first investment property or expanding your portfolio, we'll help create a strategy that aligns with your goals.
Yes.
Depending on your circumstances, some lenders offer low-deposit home loans and government schemes may also help eligible buyers enter the market sooner.
We'll explain your options and help you find a pathway into home ownership.
A fixed rate provides certainty by locking in your interest rate for a set period.
A variable rate can change over time and often offers greater flexibility, including offset accounts and extra repayments.
We'll explain the pros and cons and help you choose the right loan structure.
An offset account is a transaction account linked to your home loan.
The balance in the account reduces the amount of interest charged on your loan, potentially helping you save thousands over the life of your mortgage.
A construction loan is designed for people building a new home.
Funds are generally released in stages throughout the building process rather than in one lump sum.
We'll guide you through the process and coordinate with the lender and builder to help everything run smoothly.
Settlement is when ownership of the property is officially transferred and the loan funds are released.
We work closely with your lender, solicitor and conveyancer to ensure everything runs smoothly and keep you informed every step of the way.
We recommend reviewing your home loan every 12 to 24 months or whenever your circumstances change.
Regular reviews can help ensure you're still getting a competitive rate and the right loan features.
Multiple loan applications can impact your credit file.
That's why we carefully assess your situation first and recommend suitable lenders before submitting an application, helping you avoid unnecessary enquiries.
Premier Path Finance Pty Ltd ABN: 69 684 858 802. Credit Representative #570775 is authorised under Australian Credit Licence #384704.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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