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Investment Loan

The Australian property market has performed consistently well over the last decade. This has inspired more people than ever before to invest in property. The prospect of attractive yields from simple investment strategies, means that you have the potential to reach financial freedom.

Whether you’re a seasoned investor or just starting out, we’re here to provide help and advice about financing your investment property. We take time to understand your individual needs and assist you to set your purchasing budget before helping you along the way.

Your property investment journey

1

Have your loan pre-approval in place

Knowing your budget gives you the ability to make a competitive offer on your property of choice and bid with confidence at auctions. Chat to us about this now.

2

Choose the right property in the right location

Doing your research is fundamental for success. Choose an investment property with your head, not with your heart. Think strategically and decide why you want to invest— is it for capital growth, rental yield, etc?

3

Make an offer or a bid at auction

Work within your budget and try to get value for your money. Negotiate like a business person, not a home owner.

4

Conveyancer or legal representative and payment of deposit

Once your offer has been accepted, the contract of sale should be given to your conveyancer or solicitor for checking and advice. They will advise you about your cooling off period rights. Once both parties have signed the contract, it then becomes legally binding and your deposit will be paid to the vendor.

5

Loan approval

As your mortgage broker, we will organise loan documents for the balance of the purchase price to be prepared and then ask you to sign them.

6

Insurance

Your lender will require you to organise building insurance. Most investors also obtain landlord insurance. It’s a good idea to do this as soon as your offer has been accepted by the vendor.

7

Final inspection

Arrange for a final inspection with the real estate agent. Check that everything included in the contract of sale is in working order.

8

Settlement

Your conveyancer or legal representative will attend settlement on your behalf. This is the day when the balance of the purchase price is paid to the vendor. Stamp duty and lender’s mortgage insurance will also have to be paid, if this applies to you.

9

Collect the keys

Once settlement has been completed, you’ll be advised when you can collect the keys.

10

Decide how to manage your investment

Once you officially own your property, you need to decide whether you’ll manage it yourself or employ a property manager to look after it for you.

Planning your future

Most people make investments with a view to strengthening their financial future. It’s important to know why you’re investing in property and to clearly define your goals.

Things to consider — why are you investing?

Investing in property is about working towards building your wealth. Where and when you buy an investment property depends on multiple personal and market factors. When it comes to understanding the market, it’s important to realise the housing market can be complex and requires a lot of research before you make your move.

When thinking about purchasing an investment property, consider some of the following:

What are the costs of buying and selling?

What costs are associated with borrowing the money?

What is the rental potential or future capital gain potential of the property?

When you take these factors into consideration, what return on your investment can you expect?

Choosing the right loan

The right loan and loan structure will mean your money works better for you. But with a variety of investment property loans available with different rates and features, deciding which type of loan is right for you can be overwhelming.

The good news is that we can help you understand your options and assist you during the decision-making process. We are finance lending experts and we do all the legwork for you. We can access a wide variety of investment loan products, from a range of leading lenders. When done correctly, investing in property could help you create wealth for your future. As always, if you have any questions, please get in touch.

Happy house hunting!

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