Buying an investment property

Despite fluctuating markets, building a property portfolio remains a popular form of long-term investment here in Australia. But finding the right investment property can be tricky… and it takes considerable time and effort.

Most importantly, where and what you buy will affect your return on investment.

Here at Flexi we develop your unique strategy with careful consideration.

Some important factors to consider when looking for the right property are:

SuburbLook for areas where high growth is expected, so there is potential for capital gains. Ensure public transport is easily accessible and the neighbourhood is safe.

Rental yieldLook for areas where rental return is high in relation to property value.

Vacancy ratesFind out about the vacancy rates in the neighbourhood. A high vacancy rate may indicate a less desirable area, which could make it harder to rent the property out, or sell it in the future.

PlanningFind out about proposed changes in the suburb that may affect future property prices. Things like new developments or zoning changes can affect the future value of a property.

What to look for in an investment loan

Finding the best investment loan is just as important as finding the right property.

Choosing the right investment loan is not always about getting the lowest interest rate.

The best loan for your investment property is the one that works best for your investment strategy.

For example, a loan with a cheap interest rate could be unsuitable for an investor wanting to buy and then re-sell quickly if that same loan comes with a large application fee and a substantial penalty fee for breaking the loan. Excessive fees would reduce the overall profit.

An investor who wants to buy a rental property and hold onto it for years could be missing out on lower interest rates available or alternative loan options to the ones their bank offers over the counter.

These are just a few ways that investors could be losing money by not making the effort to find the right investmenthome loan product to suit their individual investment strategy.

Choosing the right investment loan structure

Many investors think they need a deposit to purchase an investment property.

However, many banks may allow you to use the equity in your home to secure the entire cost of purchasing your investment property.

The type of home loan you choose can also be an important factor to consider for your overall investment strategy. Different types of home loans have different levels of flexibility. The amount of flexibility you need will depend on your investment goals. It is important to understand the difference between an investment loan that helps you reduce debt more quickly and an investment loan that can help you to purchase more investment properties in the future.

Car loans are a form of a secured personal loan that are specifically available for buying either new or used vehicles. Many car dealers may offer you loan products but these are not always the most competitive products on the market.

Here at Flexi, one of our financial service brokers can provide you with a range of options, whether it’s a stand-alone car loan or packaging your car loan into an existing home loan.

We can provide you with car loan quotes from our vast network of lenders.

Thanks to the preferential rates we enjoy with our lenders, we can often secure you a car loan at a lower interest rate than loans offered through car dealerships.

We work with you to get your loan approved quickly and efficiently, so you can drive away in your dream car sooner.

Why refinancing can save you thousands.

  • Paying less: A lower interest rate can reduce your monthly repayments.
  • Paying back faster: Flexible terms put you in control of your repayments, allowing you to potentially cut years off your home loan.
  • Unlocking equity: Access the equity in your home to access cash when you need it. Fund your renovation, plan your next holiday or upgrade your car.
  • Taking control: Consolidating your other debts into your home loan can reduce interest rates and give you a clearer view of your finances.

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