I want to invest

Investing in residential property has always been a popular investment option in Australia. Investing in property can yield rich returns and is an excellent solution for anyone looking to retire early. With the right residential investment, you can retire when you want to without having to worry about where your money will come from. The returns on your property investment will fund your everyday expenses and more. You’ll also enjoy generous tax concessions when you rent the property, adding to your retirement income.  

Buying an investment property is no easy undertaking, however, more so if this is your first experience dabbling in real estate. There are several factors to take into consideration and many decisions to be made that will impact the returns on your investment.  

Important Steps To Investing In Property

#1. Start by creating an investment plan that works for you. First and foremost, you need to know about your borrowing capacity. You need to determine whether you can afford to put an initial deposit to buy an investment property using your personal savings or from the equity of your owner-occupied home. It is important to calculate ALL costs associated with purchasing a property such as stamp duty, building and pest inspections, deposit, conveyance fees, and other fees. You could use a home loan calculator to determine your potential.  

#2. Obtain a home loan pre-approval. This will help you get a better idea of your borrowing capacity, so you can narrow down your search and look only at properties you can afford. 

#3. Research real estate prices and rental rates at various locations to identify properties that are affordable and also look most promising in terms of growth potential over time.     

#4. Make an offer on your selected property but make sure to get full financial approval before you sign the contract. 

#5. Organize your insurances, settle your property, and start making mortgage repayments. 

It can be very daunting to get all the paper works right and to get the home loan approvals from the right lender. An experienced mortgage broker from SJ Mortgage Solutions can provide expert advice and will assist you in finding the right home loan to suit your needs.

How SJ Mortgage Solutions Can Help Maximize The Returns On Your Property Investment

SJ Mortgage Solutions is one of the leading mortgage brokers in Australia, with access to a vast network of home loan lenders. We will help you understand the different types of investment loans that you may be able to avail of, along with the best interest rates. We will also help you create an investment plan based on your asset and income, your long term goals, assist with the application process and negotiate with lenders to find you the best mortgage finance rates.  

If your aim is to build a solid property portfolio, we’ll help you tap into the equity of your current homes by using it as a deposit against an investment loan or as a deposit bond. 

We also offer suggestions on the best way to invest your super keeping in mind your personal and financial circumstances. 

Residential investment offers more than consistent, tax-friendly rent returns. It also offers long term, steady growth in value and with Australian rental markets performing strongly now is a good time to invest. 

At SJ Mortgage Solutions, we use our experience to help you get the best value on your property investment. Call us today to see how we can help you.