What is a Bridging Loan? (Australia)

A bridging loan is a special type of short-term loan that covers the financial gap between the purchase of your new property and the sale of your current property.

What’s great about a bridging loan is that it gives you the flexibility to buy a new property before you’ve sold your existing property. So, it gives you more control and takes the stress out of having to align the sale of your current home with the purchase of your new home.

Here's a quick explainer animation video on what to know about bridging loans, how bridging loans work, and things you should consider.

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This presentation 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. 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.