Family home opening onto a leafy garden with a child’s bicycle and football on the lawn.

Upgrading

Outgrown your current home or looking for your dream home?

Selling and buying again brings the sale, purchase and home loan into the same conversation.

A clear starting point

Understand the moving pieces

Selling your current home and buying a new one can involve linked decisions around your current loan, sale proceeds, borrowing, costs and timing. A useful starting point is to understand how the pieces may connect before you list or make an offer.

Will can help you work through the questions in plain language, keeping your circumstances and the timing of the move in view without treating a general estimate as an approval or recommendation.

Sydney · NSW

Ignite Mortgages supports existing homeowners across Sydney with a direct, considered conversation about what they are trying to change next.

Start with the reason for the move, not a perfect plan.

See Upgrading FAQs

Plan the move

Three questions to ask before you sell.

The right order depends on your circumstances. These prompts can help you bring the important moving pieces into the same conversation.

What is changing?

Start with the reason for moving: more space, a different location, a change in household or the home you have been waiting for.

What does your current home make possible?

Review the current loan, ownership, property position and information you have about a possible sale without assuming a particular outcome.

How will the timing line up?

Consider the relationship between listing, sale, purchase, finance approval and settlement dates before the timeline becomes urgent.

Understand the moving pieces

Map the questions before you commit.

Selling and buying at the same time can make a decision feel bigger than one loan. A structured conversation helps separate what is known from what still needs to be checked.

Current loan and property position

Gather the current balance, repayment, loan structure, ownership details and any information you have about the home you may sell.

Sale proceeds and selling costs

Think about the loan payout, selling costs and the part of the sale proceeds that may be relevant to the next purchase.

Next property and borrowing questions

Bring a general sense of the home, location, price range and features shaping what you are hoping to buy.

Timing between sale and purchase

Ask how contract dates, finance requirements and settlement timing could affect the way the move needs to be prepared.

Bring what you know

A rough picture is a useful place to begin.

You do not need every number or date confirmed before asking a question. Bring the context you have and identify what needs more detail.

Your current home

What do you know about the current loan, ownership and likely sale timing?

Your next home

What type of property, location and budget questions are shaping the move?

Your timing

Which dates feel important, and where might selling, buying, finance or settlement overlap?

Explore borrowing capacity Explore stamp duty

Upgrading FAQs

Questions worth asking before you list or buy.

These answers are general information. The relevant lending, contract, cost and timing questions depend on your individual circumstances.

Can I buy a new home before selling my current one?

The timing depends on your income, current loan, available funds, sale expectations, lender requirements and the properties involved. A conversation can help you identify which questions need to be answered before you commit to a timeline.

What should I review about my current home loan?

It can help to understand the current balance, rate, loan structure, fixed-rate terms, discharge process and any costs that may apply when the property is sold. The relevant details depend on your loan and lender.

How do sale proceeds fit into the next purchase?

Expected sale proceeds may be part of the wider planning picture, alongside the current loan payout, selling costs, purchase costs and the timing of settlement. The actual position needs to be checked against the contract, lender and your circumstances.

What if the sale and purchase dates do not line up?

Different contract and settlement dates can create timing questions about finance and available funds. Temporary or bridging arrangements may be relevant in some situations, but they have their own assessment, costs and conditions to understand.

What costs should I think about when upgrading?

Depending on the move, costs may include agent and selling costs, conveyancing, stamp duty, registration, valuation, lender fees and other purchase expenses. The amounts and applicable costs depend on the property, state and lending circumstances.

Do I need to know exactly which home I want to buy?

No. You can start with the reason for the move, your current home loan, a general idea of what you need next and the timing you are considering. The conversation can help identify what needs more detail.

Read all FAQs

Your next step

Talk through the move before the timelines get busy.

Whether you are still exploring or have found the next home, the first conversation can start with what you know and what is still unclear.

Start an upgrading conversation