Buying An Investment Property
Buying an investment property can be an excellent way to build financial security for many people. However, before rushing out and applying for a loan to buy an investment property it is wise to seek some sound advice from someone who understands both the property and home loan markets.
Some of the things to consider include:
- Will the rent cover your repayments and maintenance?
- Will you be able to meet repayments if the property is untenanted for an extended period?
- Is the property likely to increase in value during your loan period?
- Is negative gearing an effective strategy in your situation?
Using the Equity In Your Own Home
If you have been paying off the mortgage on your own home for some time, you may have built up sufficient equity to use as a deposit on an investment property. Talk to us about your situation and we will advise you on your options.
Finding the Right Property
We have access to a comprehensive database of properties for sale (and their history) through all listing agents. Using this database we can find suitable properties and do some informed calculations based on sale prices, property value trends for the area, likely rental returns, and maintentance costs.