Purchasing an investment property is a popular long term investment that has enabled many Australians significant financial growth.
Unlike other investments, property is simple and easy to understand, it may provide regular income, offers the potential to increase in value and can be less volatile than other investments.
Like all investments it is not without risks however.
To help you sort the gems from the gravel, here’s what to consider when finding your investment property.
Regional Australia Bank provides a range of options to help you buy an investment property, reap the potential benefits and assist you in realising your lifestyle goals.
Basic and Fixed Rate home loans offer market-leading rates and repayment options, helping you stay on top of your budgeting. Refinancing your existing loans may be a an option for you to consolidate debts and simplify payments, while allowing you to take advantage of discounted interest rates and extra features.
Don’t forget Landlord Insurance either. Regional Australia Bank have partnered with CGU, an insurance partner with over 160 years of experience. Landlord insurance covers your property for loss or damage and you can choose to include optional rental income protection for any loss of rental income for a certain period.
Book an appointment with one of Regional Australia Bank’s home loan specialists today to discuss how we can help you on your journey to buying an investment property.
In the meantime, take a look at ASIC's Money Smart for more information about buying and managing an investment property.