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Bridging loans Adelaide

Q: How much does a bridging loan cost?

Bridging loan interest is charged on the peak debt - the combined balance of your existing mortgage and new purchase price. The cost depends on both balances, the interest rate and the length of the bridging period. Lendology calculates the exact cost for your situation before you commit to anything.

Q: Can I use a bridging loan if I already have a mortgage?

Yes - bridging finance temporarily combines your existing mortgage with the new purchase loan during the transition period. The existing mortgage is repaid when your current property settles, leaving you with just the end loan on the new property.

Buy before
you sell.

Lendology structures bridging loans that let you purchase your next home without waiting for your current property to settle - and models the real cost before you commit.

560+ Adelaide families helped

60+ lenders compared

No cost always - paid by the lender

Book a chat Call 08 8270 5138

Last reviewed: July 2026

Home›Home Loans›Bridging loans Adelaide

Free bridging cost estimate

Tell us your situation. We will model the exact bridging cost.

A short, honest assessment from Jason or Steve. We calculate your peak debt, monthly interest cost and end position and reply within one business day.

The catch most people don't know

Most lenders only bridge their own customers.

If you bank with CBA and want to bridge through ANZ, ANZ will say no. Most major banks reserve bridging finance for existing mortgage holders. That means you are locked into whatever terms your current bank offers, with no competitive tension and no alternative if they decline.

Lendology has access to lenders who will bridge new customers. That changes the conversation entirely. Instead of taking whatever your bank offers, we compare options across the panel and structure the bridging loan that actually suits your situation.

Book a chat See the calculator

Lenders who bridge new customers

Your options are wider than you think

BankSA

Will bridge new-to-bank clients

Westpac

Will bridge new-to-bank clients

Bridgit

Specialist bridging lender

MA Money

Specialist bridging lender

These lenders do not require you to be an existing customer. Lendology compares their bridging terms alongside your current bank to find the best structure.

How bridging loans work

The cost, the risk, and when bridging makes sense

A bridging loan is short-term finance that covers the gap between buying your new home and settling your existing one. Interest is charged on the peak debt, which is the combined balance of both properties. Lendology calculates the exact cost for your situation before you commit.

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Peak debt calculation We calculate the peak debt and model the interest cost over the expected bridging period.

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Sale timeline assessment We assess your expected sale timeline and stress-test the cost if the sale takes longer than expected.

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Capitalised interest Most bridging lenders allow interest to be capitalised, added to the loan rather than paid monthly, easing cash flow during the transition.

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End debt confirmation We confirm the mortgage remaining after your current home settles and ensure it is serviceable on your income.

Book a chat Call 08 8270 5138

Open vs closed bridging

Two types of bridge, two levels of risk

Closed bridge

You have already exchanged contracts on your current home. The sale is confirmed, so the lender knows exactly when the bridge ends. Lower risk, easier to get approved, and often better terms.

Open bridge

Your current home is listed for sale but not yet under contract. The lender gives you a window, typically 6 to 12 months, to sell. Assessed more conservatively because the sale timeline is uncertain.

Most Adelaide bridging loans are open bridges. Lendology assesses which structure fits your situation and stress-tests the cost at the full bridging period so you know the worst case before you start.

Calculator

Estimate your bridging loan cost

Bridging interest is charged on the peak debt. Adjust the sliders to see how the numbers work for your situation. This is a guide only.

Your situation

Current mortgage balance$320k

Estimated sale price of current home$900k

New purchase price$1.10M

Bridging interest rate6.50%

Estimated bridging period4 months

Estimated cost

$1.42M

Peak debt

$7,692/mo

Monthly interest

$30,767

Total bridging cost

$520k

End debt (after sale)

71%

LVR at peak

Bridging timeline

Buy new home

Sell in 4 months

Peak debt period End debt begins

Selling costs and stamp duty on the new purchase are not included. Lendology models the full picture for your situation at no cost.

Get my exact bridging cost

Worked example

What a real bridging loan looks like

A Stirling family found their dream home but did not want to sell first and risk missing it. Here is how Jason structured the bridge.

Starting position

Current home in Stirling valued at $1.1m with a $380k mortgage. Equity of $720k built up over 12 years.

New purchase

Found a property at $1.35m. Peak debt during bridging: $1.73m ($380k existing mortgage plus $1.35m new purchase).

Bridge structured

Jason arranged a 6 month closed bridging loan with Westpac. Interest capitalised during the bridging period, so no repayments on two loans at once.

Outcome

The existing home sold in four weeks for $1.15m. The bridge closed in five weeks total. End debt: $580k on a $1.35m home (43% LVR).

$1.35m

New home

$1.15m

Sold existing home

$580k

End debt

$4,200

Bridging cost

The total bridging cost was approximately $4,200 in additional interest. That is less than one month of rent would have cost if they had sold first, stored furniture, and moved twice.

"We were terrified of holding two mortgages at once. Jason modelled every scenario, showed us the worst case, and we ended up selling in four weeks. The bridging cost was a fraction of what renting would have been."

Read the full case study →

Is your situation similar? Book a chat

The process

From first call to settlement

Lendology manages the entire bridging process. You focus on finding the right home.

Full cost modelling

We calculate the exact bridging interest cost based on your property values, mortgage balance, purchase price and estimated sale timeline.

Lender selection

Not all lenders offer bridging. We identify the most competitive option, including lenders who will bridge new-to-bank clients.

Pre-approval

We arrange pre-approval on your new property while the bridging structure is being prepared, so you can move quickly when you find the right home.

Settlement coordination

We manage both settlements, coordinating with your real estate agent, conveyancer and lender throughout.

Book a bridging assessment Call 08 8270 5138

Common concerns

The concerns people have about bridging, and the reality

Most of the reasons people hesitate on bridging are based on assumptions that are easy to test.

"Bridging costs too much."

The cost is a known, fixed amount based on peak debt and bridging period. Lendology calculates it to the dollar before you commit. In many cases the bridging interest is less than the cost of selling first, renting, storing furniture and moving twice.

"What if my house does not sell?"

Lenders allow 6 to 12 months. In the current Adelaide market, well-priced properties are selling within 4 to 8 weeks. Lendology stress-tests the cost at the full bridging period so you know the worst case before you start.

"I will just sell first, then buy."

Selling first means you compete for your next home without certainty, risk losing it to a faster buyer, and may need to rent in between. Bridging lets you buy with confidence and sell without pressure.

"I cannot afford two mortgages at once."

During the bridging period, most lenders allow interest to be capitalised, which means it is added to the loan balance rather than paid monthly. You do not make repayments on two loans simultaneously.

Lenders we compare for bridging

BankSA Westpac Bridgit MA Money Commonwealth Bank ANZ NAB Macquarie Suncorp ING St George + 50 more

BankSA and Westpac will bridge new-to-bank clients. Bridgit and MA Money are specialist bridging lenders. Most other lenders only bridge existing customers.

Google reviews

118 five-star Google reviews

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Guides and tools

Go deeper

Guide

Bridging loans Adelaide, the complete guide

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Guide

Buy now, sell later: how bridging finance works

→

Guide

How much does a bridging loan actually cost?

→

Guide

Bridging loan vs selling first: which is cheaper?

→

Guide

What happens if your house does not sell?

→

Case study

Upgrading without selling first in Stirling

Common questions

FAQs

How much does a bridging loan cost?

Bridging loan interest is charged on the peak debt, which is the combined balance of your existing mortgage and new purchase price. The cost depends on both balances, the interest rate and the length of the bridging period. Lendology calculates the exact cost for your situation before you commit to anything.

How long can I have a bridging loan?

Most lenders allow bridging periods of 6 to 12 months. If your current property is not sold within the agreed period, you may need to renegotiate or refinance. Lendology assesses realistic sale timelines and stress-tests the cost if the sale takes longer than expected.

Can I use a bridging loan if I already have a mortgage?

Yes. Bridging finance temporarily combines your existing mortgage with the new purchase loan during the transition period. The existing mortgage is repaid when your current property settles, leaving you with just the end loan on the new property.

Is bridging always the right choice?

Not always. If the bridging period is likely to be short and the market is favourable, bridging can be cost-effective. If there is uncertainty about your sale timeline or price, selling first may be a safer approach. Lendology models both options honestly and lets you decide.

Can I bridge if my current lender does not offer it?

Yes. Most lenders only bridge existing customers, but BankSA and Westpac will bridge new-to-bank clients. Bridgit and MA Money are specialist bridging lenders. Lendology compares all available options.

What is the difference between an open and closed bridge?

A closed bridge means you have already exchanged contracts on your existing home, so the sale end date is confirmed. An open bridge means your home is listed but not yet under contract. Closed bridges are lower risk and often have better terms.

Do I make repayments during the bridging period?

Most lenders allow interest to be capitalised during the bridging period. That means interest is added to the loan balance rather than paid monthly. You do not make repayments on two loans at the same time.

What happens if I sell for less than expected?

If your property sells for less than expected, the end debt on your new home will be higher than planned. Lendology models this scenario upfront so you understand the range of outcomes before committing.

Bridging assessment

Find out what bridging will
actually cost.

Book a 30 minute bridging assessment with Jason or Steve. We calculate your peak debt, model the interest cost at different sale timelines and confirm your end position. No obligation to proceed.

Book a bridging assessment Call 08 8270 5138

Lendology is paid by the lender at settlement. Your assessment is at no cost to you.

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