How it works
At Mortgage Choice, we want to help you make better choices with your finances so you can enjoy the things in life that matter to you.
To do this, we need to understand a little more about your individual needs and circumstances. The Solution Finder enables you to let us know what information you are seeking - which should make for a faster, more efficient search for you.
Simply select what you are looking to do from the first drop down menu - whether that is buying your first home or sorting out your insurances.
Then, select the stage you are at - whether you have just started out with your research or you are already well into the process.
Clicking on 'Get started' will then send you off to a page of content which is directly related to the information you need.
However, if it doesn't quite suit your needs, or you are looking for something completely different, just contact us on 13 77 62 - we are here and ready to help.
Property investor guide
Our free, downloadable guide explains the costs and steps associated with the purchase of an investment property, positive/negative gearing as well as pros and cons of houses vs. units.
Simply enter your details to download the eguide.
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Property investment FAQs
Investment properties have many benefits when building long-term wealth. If you take the time and select your investment properties well, property can deliver good returns for long-term investors.
If you are thinking of arranging loans to secure an investment property, consult with your local Mortgage Choice broker to secure a suitable loan that will help to minimise your risk and maximise your return.
There are few differences between what you need to do to borrow for a property you'll live in and for one you'll rent out. Some lenders charge a higher interest rate for investment properties because their risk may be higher. But this may not necessarily be the case.
If you’re unsure how an investment loan would potentially impact your financial circumstances, your local Mortgage Choice broker can help you to explore the implications.
If you've owned your own home for a few years, you could have built up quite a bit of equity in your property. Equity is the value of an asset not subject to any lender’s interest. For example, a property worth $500,000 with a mortgage loan of $150,000 has equity of $350,000. Instead of finding a cash deposit to buy an investment property, you could use this equity as the deposit.
When you buy a property, costs such as establishment fees, solicitor fees and stamp duty add up to several thousand dollars. Instead of trying to find cash to pay these fees, take them into account in your borrowings. That means you don't need thousands upon thousands of dollars in savings to get started. Find out more on how to minimise your cash outlay and consult with your local Mortgage Choice broker today.
A property is negatively geared when the costs of owning it – interest on the loan, bank charges, maintenance, repairs and capital depreciation – exceeds the income it produces. Simply put, your investment must make a loss before you can claim a tax benefit.
Aside from negative gearing, there are a host of other things to consider for successful property investments. If you want to find out more, talk to your local Mortgage Choice broker.
You can also positively gear a property. This occurs when the investment income exceeds your interest expense (and other possible deductions). Note that you may be subject to additional tax on any income derived from a positively geared investment.
You should also consider any other costs involved when deciding on your investment property strategy.
To discuss this further, find out more from your local Mortgage Choice broker.
Talk to your local broker today
Get started with investingMany Australians hold investments but have you ever stopped to wonder if your portfolio is really working in your favour? Professional advice takes the guesswork out of investing.
This quick video gives you some insights into getting started with investing.