Investing in property adds to the overall assets of an individual’s portfolio for wealth creation. We all like to think that when we come to retiring we will have not only enough superannuation but also other solid investments.
There are many benefits to building long term wealth, purchasing in the investment property market can delivery good returns. Property markets go up and down historically therefore researching is paramount to good long term investing.
You have two options when purchasing a new investment property you can either,
When purchasing an investment property please remember that you need to allow for the cost of stamp duty and legal fees in your calculations. The stamp duty for investment properties is a lot higher than for an owner occupied. However all costs associated with the purchase i.e. stamp duty and legals can be tax deductable.
It would be advisable to talk to your accountant about all your entitlements as they can tell you what applies to you.
If you can’t find the information you need about an investment loan please fill out the form below and one of our team members will be in touch as soon as possible.