Investing in property is not a new concept when it comes to growing your wealth. However, it’s important to know that with legislative changes, market changes and economic changes, investing in property is not the same as it was 20 or 30 years ago.

Here are the key things to keep in mind when considering investing.

Interest rates
Did you know that interest rates are lower for owner occupied loans than they are for investment loans? This was introduced a few years ago to assist home owners get into the market. As a result, it is more expensive to invest and rent out a house, than it is if you were to live in it.

It’s extremely competitive
Despite the additional cost to invest, it’s still highly competitive. This means it’s more important than ever to be smart about the property your purchase for your investment, and to have a clear understanding of your financial limitations.

Speak to someone with experience
This is where Serene Finance can help. Our team is well-versed when it comes to arranging finance for investment properties, including assisting clients through all the paperwork and guiding them all the way to settlement. Contact us today to discover how we can help you too.

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