The most important element of accessing equity is that it removes the need to save for another deposit. Often times, it’s first home buyers who have the hardest time getting into the market as they typically have low savings and modest incomes.

However, after seeing a few years of capital growth, you might find you’ve been able to build up enough equity in your first home to continue growing your property portfolio. This could be an investment property or one that you want to live in at some point. Either way, the fact that you didn’t have to save the second deposit can really make this next step a lot easier.

After you’ve built up that equity base, the path to growing your portfolio becomes a lot easier. Once you have tapped into the equity on your first home, you can then purchase a second property. With both of these properties potentially growing in value simultaneously, you can generate even more equity down the track. If you were to try and save for every deposit instead, it would take a lot longer.

If you’re wanting to try and eventually get into your dream home, it’s going to take some time. As house prices continue to rise, it is getting harder and harder for many to get over the deposit hurdle. By using equity and growing an investment portfolio, you’re building capital in line with the market. So, not only will you not be left behind, you’ll actually be ahead when the time comes to try and buy that dream home.