Planning to invest in property

March 21, 2017
Becky Thomas

Successful property investing calls for one key ingredient - planning. A rental property is a substantial financial commitment and you’ll achieve the best results if you take the time to get good advice and plan carefully before you act.

Getting started

Before you start hunting for an investment property, it's worth considering several important factors:

1. Your current financial position

Are you well placed to afford an investment property, particularly during the inevitable periods of vacancy?

2. Can you afford a quality property?

Can you afford a property that will attract decent tenants and deliver healthy long term price increases?

3. Where are you heading?

Are you prepared, and can afford, to hold onto your investment for the long term? Will you need access to your capital (money invested) in the near future?

4. How much money will you need?

As with your home, purchasing an investment property can involve significant upfront costs and ongoing maintenance expenses.

See more about the costs involved

5. How much can you afford to borrow?

Getting an idea of your borrowing capacity is the first step in finding out the type of property and location you can afford.

Use our borrowing capacity calculator

6. Do you need a cash deposit?

If you own your home, did you know you may be able to use home equity instead of a cash deposit?

Find out more about using equity

Posted in: Property investment

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