Property investment is not a new concept when it comes to growing your wealth. However, it’s important to know that with legislative changes, market changes and economic changes, investing in property is not the same as it was 20 or 30 years ago.
Here are the key things to keep in mind when considering investing:
Did you know that interest rates are lower for owner-occupied loans than they are for investment loans? This was introduced a few years ago to assist homeowners get into the market. As a result, it is more expensive to invest and rent out a house, than it is if you were to live in it.
It’s extremely competitive
Despite the additional cost to invest, it’s still highly competitive. This means it’s more important than ever to be smart about the property you purchase for your investment, and to have a clear understanding of your financial limitations.
Speak to someone with experience
This is where Equity Portfolio Finance can help. Our team is well-versed when it comes to arranging finance for investment properties, including assisting clients with all the paperwork and guiding them all the way to settlement.
We have access to hundreds of loan products from over 40 different lenders, including major banks, smaller banks, credit unions and more.
Are you interested in growing your wealth through investment properties? Contact our team today on 0421 996 796 or fill out the enquiry form and a member of our team will be in contact.