Looking to Invest?
Investment properties can be a tool to help grow your long-term wealth.
Whether you’re a first-time investor or looking to grow your portfolio, we can assist with finding a suitable loan.
We’ll look at your financial position and work out how much you can borrow.
Pre-Approvals
After reviewing your financial position, we may be able to assist you in obtaining a pre-approval. If you haven’t found a property yet, a pre-approval is an indication from a lender how much you can borrow from them. This may help you to search for a property with more confidence.
What are the costs associated with buying and owning an investment property?
Stamp Duty (or transfer duty) is a one-off state-based tax that varies according to the state or territory where you are purchasing. Some states offer discounts to first home buyers, such as the First Home Buyers Assistance scheme in NSW.
Other Government Fees – include mortgage registration fees and transfer fees and vary by state.
Pest and building inspections – these will help identify any poor building work and pest problems that may cause issues in the future.
Conveyancer or solicitor fees – a licensed conveyancer or solicitor can help you to review the contract of sale and transfer the property into your name. Their fees may vary, so make some enquiries before committing to a particular solicitor or conveyancer.
Ongoing costs can include accountant fees, body corporate fees, insurance, council and water rates, land tax, repairs and maintenance, and management agent fees.
Cash Deposit or Equity
If you own your own home, you may be able to use the equity in your home as a deposit, or you can use a cash deposit if you have one saved.