Investment property loans | Beaumaris, Mentone, Highett and the surrounding areas
Start your home loan journey today
Thinking of purchasing an investment property?
It's important to make sure you've got the right loan for your investment property as choosing the right one can mean higher returns in the long run. To help secure the right loan, Brooke will search through hundreds of options for you and will take you through the most appropriate solutions for your situation.
Mortgage Choice broker Brooke Alexander will take you through the ins and outs of investing, and she will also have a look at your current financial position to ensure that you're well-placed to afford your investment property. If you're ready to chat about your investment loan options, make sure you get in touch with Brooke this week.
Some of our tips include:
When buying an investment property, it is best to be strategic and look for a property that appeals to a wide range of tenants. It is important to look for the following features in an investment property and location:
- Security - is the property on a safe, quiet street, and does it have a home security system?
- Ensure plenty of storage space
- Off street or undercover parking
- Low maintenance
- Local amenities and public transport options
Keeping these features in mind when finding the right investment property can help to increase your tenant appeal and command a higher rent.
Using equity to purchase an investment property
Did you know it's possible to use your existing home to buy an investment property without dipping into your savings? If you've owned your home for a few years, you may have access to some equity, which could allow you to purchase another property. Learn more about using equity to build your property portfolio in our short video.
A general rule when purchasing an investment property using your home equity is to look at properties that are a maximum of four times the cost of the amount of equity in your home.
For example, if you have $250,000 in accessible equity and are looking to purchase a property for $1,000,000, you can put down a 20% deposit and still have $50,000 remaining for legal fees, stamp duty and other fees associated with the purchase.
Investment Property Guides
Not sure where to start? Our property guides provide further information which may assist you with your investment property purchase.
- Guide: Investment property - what should you know?
- Guide: Step by step to property ownership
- Home Loan Calculator: How much can I borrow?
Get in touch with mortgage broker Brooke Alexander to discuss your investment property loan - 0401 134 650.
Brooke can help you with:
- Mortgage Brokers Beaumaris
- Mortgage Brokers Mentone
- Mortgage Brokers Highett
- First Home Buyer Loans
- Refinancing
