Looking for a home or investment property, the big four questions

October 29, 2014
Jim Demetriou

If you are you in the market for a home or an investment property, then first ask yourself: 

  • Do you know where you want to buy?  A particular area or suburb?  Do you know how that area is performing in terms of property value growth, rental yields or total gross returns?
  • Do you know how you are going to fund the property? Maybe you will be using equity from another property, or have saved a decent deposit? Perhaps your parents are going to go guarantor on your loan? Maybe you are not quite sure on how to best fund your property or structure your loan.
  • What do you plan to do with your property? Will you live in your property or rent it out? Perhaps you will look to live in it for a few years and then turn it into an investment property? Knowing exactly what you want to do with your property, will help you determine which loan and loan structure will be most suitable.
  • Do you know what the property market is like at the moment? When buying property, it is good to know a little bit about the entire property market and what is happening in each of the capital cities. Having this information, will help to show you whether or not now is a good time to buy and whether or not you should be purchasing in one area over another.

Here at Mortgage Choice Sutherland - Sylvania we can help you know and understand the answers to all of these questions and at no cost to you. Whether providing a statistical snapshot of the area in which you wish to buy, to identifying the best loan options available and structure to meet your needs. 

Contact Jim on 0437 330 858 for professional and friendly advice.

Posted in: Property market

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