New Bridging Loan Option Gives Australian Home Upgraders More Flexibility

Today’s story is a fresh mortgage-industry development particularly relevant to home upgraders: Perth-based Australian Finance Group (AFG) has launched a new bridging-finance product nationally in partnership with Bridgit. AFG says upgraders represented a record 44% of its mortgage lodgements in the June 2026 quarter, showing significant activity from Australians moving to their next home.

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SEO Blog Title: New Bridging Loan Option Gives Australian Home Upgraders More Flexibility

Australians looking to move into their next home have received another financing option, with Perth-based Australian Finance Group launching AFG Home Loans Bridge, a new bridging-finance product developed with fintech lender Bridgit.

The product was announced on 18 August 2026 and is being rolled out nationally through AFG’s broker network. It is designed for borrowers who may want to purchase their next property before completing the sale of their existing home.

The timing is particularly interesting. AFG says upgraders accounted for a record 44% of its mortgage lodgements during the June 2026 quarter. More recent July and August-to-date data discussed with investors showed upgrader activity reaching around 47%, suggesting Australians are continuing to consider their next property move despite a more cautious lending environment.

For Perth homeowners who have built substantial equity but are concerned about coordinating the purchase of their next property with the sale of their current one, increased availability of bridging-finance solutions potentially provides another option to investigate.

Bridging finance is not automatically appropriate for every borrower. Interest costs, the expected selling period of the existing property, valuations, serviceability requirements, fees and the possibility that a property takes longer than expected to sell all need to be considered carefully.

The broader positive development is therefore greater financing choice, rather than simply the availability of another loan.

AFG’s latest financial results also highlighted refinancing, upgraders and client retention as important areas of mortgage activity, while noting that borrowers increasingly rely on brokers to compare lenders and understand changing lending conditions.

If you are considering upgrading your home, the finance strategy can be just as important as finding the property itself. Naga Mortgage Brokers can help you compare suitable lending options, understand potential bridging-finance structures and plan your next move.

General information only. Lending criteria, fees, charges and individual circumstances apply.