- How much will the renovation cost?
- To upsize and purchase a home with the new features that you are after, how much will the home cost?
- Discuss with your bank or mortgage broker how much they would be willing to lend to you, and and get pre-approved.
- Consider your long-term plans around living. Are you looking to live in the home forever or are you looking to move within 5 years?
- Can you afford to? Will the change negatively affect your long term plans.
https://moneysmart.gov.au/home-loans/mortgage-switching-calculator