Property has been a popular route to wealth for many Australians for many years. Buying their own home is often the first investment many people make; purchasing another property may well be the second even before shares and other assets.
Your first investment property doesn’t necessarily need to be your principal place of residence. Purchasing a rental apartment or unit is a good method of accumulating funds with a view to eventually buying your own home. Property is often less volatile than shares and it is regarded as a safer investment option when other assets are depreciating in value. Property also has the potential to generate capital growth - an increase in the value of your asset, as well as rental income. There are also tax advantages associated with negative gearing on investment properties.
Why use a broker?
There are many things investors need to be aware of when investing in property, this is where a mortgage broker really becomes indispensable. Investors need to have a keen awareness of the interest rate environment and how changes can affect values and cash flow, by engaging a mortgage broker you're able to talk directly to an industry professional and ensure that you're recieving up to date information. By refinancing your loans in a timely manner you’ll be ensuring that you can maximise your investments and minimise your expenses.
At Mates Rates Money we have experience with investment property portfolios of all sizes as well as the knowledge and contacts to assist any investor. We’ll keep in contact with you in order to help you with the financial procedures involved in purchasing and refinancing your investment properties. Give Mates Rates Money a call, we’re happy to discuss your options no matter who you are or what you situation may be.
