Property investment is a widely used strategy for building long-term wealth. The concept of owning tangible assets such as real estate appeals to many Australians. As property is considered a long-term and immovable investment, conducting thorough research is essential before making a purchase. Seeking suitable professional advice is also critical to making informed investment decisions.

Before entering the property investment market, it is wise to consult relevant professionals such as financial advisers, accountants, mortgage brokers, and solicitors to ensure you have a well-rounded understanding of your position.

Finance plays a crucial role in any property purchase, particularly for investment purposes. A mortgage broker can assist in structuring an investment loan in line with guidance from your professional advisers. A deposit is generally required, and a broker can also investigate whether equity from your existing assets may be used to support your investment.

Finance Tips to Keep in Mind:

• Where possible, aim to reduce outstanding credit card balances.
• Limit and manage credit card debt to improve your financial position.
• It may be surprising, but loyalty to a single lender does not always offer benefits. Speak with your mortgage broker to identify competitive loan options that suit current market conditions and your personal situation.
• Ensure your loan structure is set up correctly from the outset.
• Engage experienced mortgage brokers who can provide clear guidance and support throughout the process.