But I know Sydney…

This is one of the statements we hear most often at Calla Property when we first talk to clients about property investment.

Clients often feel that they know the city and even suburb they live in or have invested in in the past. Usually this is because they’ve done quite well, either through good timing or holding the property for long enough.  Often this is reason enough for the client to want to invest in the same area again.

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What is a positive cashflow investment property and is it worth seeking out?

Simply put, a positive cashflow investment property means that the income received from the investment from rent outweighs all expenses associated with the ongoing cost of the property. So the rent received from the property is more than all costs, such as agency fees, strata or body corporate, if it’s an apartment, council and utilities if it’s a house, mortgage repayments and repairs or maintenance of the property.

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While the Reserve Bank has dropped interest rates, APRA (Australian Prudential Regulation Authority) is trying to cool Sydney’s housing market by scrutinizing banks’ lending policies for investment purposes.   This has led to many lending policy changes by the major four banks in the last few weeks, specifically in regards to investment lending, including changes to the LVR (Loan to Valuation Ratio), SMSF (Self-Managed Super Fund) lending and types of acceptable income. 

So what has changed? 

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Applying for your first home loan can be a daunting task and I’m often amazed at the preconceptions people have about lending policy.  So what do you need to know and what are the banks looking for?

Lending policy falls into two main areas – 1. Security and 2. Serviceability.

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Are you thinking about becoming a property investor? It’s incredibly important to approach buying an investment property in a different way than buying a home. Here are 3 important considerations for anyone looking to invest in property.

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Last week the Calla Property Team went to Brisbane for the week.  We met with property clients as part of our due diligence and are very pleased to report that we have some more fantastic investment stock for our clients. We visited a number of sites and show rooms ranging from small boutique developments of 20 apartments to full master planned, beautifully landscaped, amenity rich developments.  I am very excited to be able to offer this new stock to our valuable clients.

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