Property investment is a popular way of building wealth. Whether you are a first time investor or you’re looking to expand your current investment property portfolio, it’s vital to choose a home loan that’s right for you. Liberty offers a range of home loans with features and benefits suited to property investors.
First time investor?
First find out how much you can borrow and then consider what other costs you’ll have to allow for such as stamp duty, building inspections, solicitor’s fees and insurance.
Once you have found a home loan that suits you, it’s a good idea to get pre-approval from your lender. This will give you a clearer picture of your budget and will show real estate agents that you are serious about buying. You’ll also be in a position to make a bid at an auction. Remember, if your bid is successful, you’ll be required to sign the contract and pay a deposit immediately! Knowing your pre-approved loan amount could stop you from bidding too high.
How to choose an investment property
Whether you’re buying a property to earn rental income or to increase your wealth through the property’s capital growth, picking the RIGHT property is everything. Remember, when searching for a property, you’re not buying a home but making an investment!
Consider factors such as:
- The property’s age and condition.
- The location and local amenities.
- Access to public transport, shops, schools and recreation.
- Changes in the local community that could affect property prices.
All these factors could affect the future value, and rental viability, of your investment property.
We think this might be just what you need
Liberty SuperCredit
Use the equity in your Self-Managed Superannuation Fund (SMSF) combined with a SuperCredit loan to buy an investment property.
You may also want to consider
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HOW TO ENQUIRE
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