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Buying your own home remains the great Australian dream – and purchasing a second property may help you take your wealth further. But, there are certain things to look out for when selecting and applying for a loan for your investment property.
Investment loans have stricter eligibility restrictions, may require a larger deposit than other home loans, and often incur a slightly higher interest rate. You’ll also need to have funds to cover potential costs or loss of rental income if your property is untenanted for any length of time. The trade-off is that as a landlord you can claim associated expenses as tax deductions.
To discuss your home loan options, and to find an investment property loan that’s right for you, contact a Coronis mortgage broker.
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Property investment Guide
Understand the ins-and-outs of investing in real estate and how you can make the right decisions and get the most out of your investment.
Your full financial situation would need to be reviewed prior to acceptance of any offer or product. Always review your personal position with a finance specialist prior to application. Coronis Mortgage and Finance Pty Ltd ABN 11 169 710 669 | Credit Representative 461844 is authorised under Australian Credit Licence 389328.