Growing your property portfolio may be easier than you think!
Building your wealth with property can be a solid long-term option, especially if you arrange your finances to your greatest advantage. The better you manage your assets and your home loan, the better the returns you can expect.
Why is property investment a great idea?
For a long time now, property investment has been considered a good way to improve and strengthen ones financial position both for now and for the future. Investing is appealing on many levels. Historically it has been viewed as a safe option offering solid returns through rental income and capital growth, with relatively low risk. Other factors such as negative gearing and tax concessions have made investing a worthwhile and attractive proposition.
Does it make a difference if you already have a property?
The answer is YES. If you already have a home that you partly or fully own, the equity in this home can help towards financing your investment. Depending on how much of your home you own, banks may allow you to borrow up to 100 per cent of the total cost of buying an investment property.
How do I know investing is the right choice for me?
Whilst property investment is a safe strategy for accumulating wealth, you should always make sure you do your research properly before jumping into anything. Speak with a financial adviser to ensure you are making the right decision - one that fits into your long-term financial plan. Become familiar with the property market, especially the area/s you are considering for your investment. Keep an eye on the sales and purchase prices of properties in these areas and seek input from real estate agents. The more information you have, the better off you will be when it comes to making the right investment decision. Our advisers can assist you with finding the best loan for your investment. If you would like to arrange an appointment with one of our advisers to discuss your investment needs, click here now.