Do I need to have a cash deposit to buy my next property?
A cash deposit is not required provided you have sufficent equity in your existing property.
What is equity and how much can I use?
Equity is the difference between the value of your home and the amount outstanding on your loan. Generally you would utilise the equity available up to a loan-to-value ratio (LVR) of 80% to avoid mortgage insurance (LMI). However, once you have an investment property certain loan costs become tax deductible and can minimise the financial impact of exceeding the 80% LVR and get you investing sooner.
Should I invest in my own name or a different structure?
The choice of tax structure will be dependent on your individual circumstance and long-term goals. Its always best to consult with your accountant before purchasing your investment property. Alternatively you can always speak to one of our in-house property tax experts.
Am I getting the best deal on my current loan?
We provide complimentary reviews of all current loans. With access to over 40+ lenders we ensure that your are getting the best deal on your loan and aren't throwing away money on high interest rates.
Want a more in depth discussion about your investments? Get in touch