Get the investment loan that works for you
Let Progressive Loans to help you find the right investment loan so you can afford the repayments.
Need a residential investment loan?
A residential investment loan can help you to buy an investment property or refinance investment home loans from another lender. This home loan can be split between a variable home loan interest rate and a fixed home loan rate and has the added convenience of a redraw facility.
Most investors will already have put some thought into where they would like to invest and will have an approximate price-range in mind. We can use our expert knowledge to sense-check and flesh out your plans.
With access to property data and trend analyses like RP Data’s, we can pull property reports for you, detailing how the area has performed in the past as an investment, the average median house price or rate of return and how much the property values have increased over the past five or six years. These are details that investors generally can’t access.
Lending for an investment loan has its own set of rules and regulations that are monitored by government authorities. Being such, Lenders are at times restricted as to how much they can allocate to their investment lending portfolios. Progressive Loans monitors this, and can advise you of which lenders can assist yourself with an investment loan.
What are the requirements for an investment loan?
Some of these include your income, credit score, debt-to-income ratio, and if it’s going to be an owner-occupied investment property. If you’re not planning on living in the property, a 20% down payment is usually the minimum. This would give the property a loan-to-value (LTV) of 80%
Tax benefits of residential investment property
Are you aware of the potential tax benefits of investing in residential property?
Investment in residential property has long been a popular way for Australians to build wealth and diversify their assets. The potential tax advantages that can result from a well-managed property investment are one of the main benefits.
Negative gearing, leveraging, tax deductions and depreciation allowances are some of the major advantages you can expect.
Talk to us and let us help you get these benefits!
It is better to invest in commercial or residential property?
Any type of property, whether it’s commercial or residential, can be a good investment opportunity. For your money, commercial properties typically offer more financial reward than residential properties, such as rental apartments or single-family homes, but there also can be more risks.
What is a good rate of return on a rental property?
Generally, the average rate of return on investment is anything above 15%. When calculating the rate of return on a rental property using the cap rate calculation, many real estate experts agree that a good ROI is usually around 10%, and a great one is 12% or more.
Get the property investment loand that is right for you
We are here to make your application as simple as possible. Book a meeting with us and let us do all the heavy lifting. Give us a call today!
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Ready to take the step and invest in property? Let us help you with the right investment loan for your needs. Request an appointment!
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