Things To Consider When Investing In Property
Property investment is one of the most popular ways that Australians choose to grow their wealth, so it’s understandable you may be considering it.
If you are thinking about starting your investment property portfolio, here are some things to consider.
No matter what your strategy and goals, there are many different investment loans to help you achieve them.
Whether a line of credit loan, an interest only loan, or one of the many other options, you will need to compare repayment strategy, fees, rates and features to ensure you get the best deal.
Inspect the property
When you’ve found a potential investment property, don’t leave anything to chance.
Have building and pest inspections carried out by independent professionals, and be sure to view the contract of sale so that you are aware of all conditions and inclusions.
Manage your risk
As with any property purchase, it is important to insure your property.
If you intend to lease the property out to tenants, landlord insurance may also be a necessity, as may be income protection insurance to ensure you can continue to meet loan payments while the property is vacant.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.