Given that the average home value in Australia is $570,249, it’s unsurprising that most people need a home loan to finance their property purchases. As such, securing the right property financing arrangement is critical to a successful investment. To help you out, we break down exactly what you need to know about mortgage loans in Australia below.
If you’re thinking of investing in residential property, Australia represents one of the best markets in the world—as long as you do your research and are as careful as possible when choosing the right area to invest in. Yet, there is much more to pay attention to than simply the physical location in property investment. You need to take other factors into consideration before you pull the trigger.
Time marches on and those celebrations from the last New Year’s Eve may now be just a dim and distant memory. Unfortunately, the resolutions made during those moments may also have fallen by the wayside as the pressures of everyday life come to the fore. However, some of these resolutions may have been very important and designed to make significant improvements in your life, so they must be prioritised as soon as possible.
When investing in property, one of the most important details to look at is the property location. The right location has a host of benefits such as more demand and quicker value growth and capital gains over time. It will also be a key factor in determining resale value and can make the property more attractive to tenants if you’re considering a rental property.
Interest-only loans are where you merely pay back the interest of a loan to the lender. So if you borrowed $500,000 and made repayments for five years, your balance would still be $500,000. They are designed predominantly for investors for cash flow and tax deductibility purposes.
Buying your first investment property may seem daunting—it’s a major financial commitment after all. However, if done right, it can be the start of a property investment journey towards a more financially secure future.
Investment properties can be a great way to qualify for major tax breaks. But there’s a caveat to this: timing is everything.
Recent reports show that Hobart has had the highest price growth of any capital city in Australia. Sounds like a good investment location right?
When property investors are looking for their next property they often get caught up in ‘the next best hotspot’ or ‘5 best locations for growth’. The problem with this kind of information is the focus is only on growth. This is an important factor but it’s not the only one.
Most investors are savvy enough to look at affordability and recently there have been a lot of articles regarding affordability, particularly in reference to the Sydney market.
No, this isn’t a trick question but if you can answer it, you’ll have a better idea of the property you should be investing in.
If you get it right, your renter should pay the bulk of your investment property through rental payments. If you understand the renting population and what they’re attracted to, you’re half way to ensuring your property is rented out regularly and reliably. Different suburbs and regions attract different kinds of renters who will look for different features in a property and location. The kind of renter who is looking for a property in the inner city is likely to want different things than the renter looking for a property in the suburbs. Things like good cafes and funky bars within walking distance, a gym, shopping and public transport close by. However, someone renting in the suburbs, is more likely to have a family, want to be close to good schools, parks and playgrounds and within easy driving distance to shopping malls and employment hubs.