On the 8th of March 2023, the Reserve Bank of Australia (RBA) increased the official cash rate for the 10th consecutive time from 3.25% to 3.60%, a 0.25% increase from the previous cash rate.

If you’re trying to invest in property but don’t have enough funds yet, using a guarantor’s loan can help you quickly get into the property market. A guarantor loan allows someone else such as a parent or relative to guarantee your mortgage with their own house, typically in the form of equity.

Should tax benefits be your sole purpose for property investing? The answer is no. It is quite dangerous to invest in properties if your sole purpose is to only receive tax benefits. You will be focused on buying any property rather than finding properties with the right figures that will benefit you over time. Some agents will emphasise the benefits of tax deductions to sell Off-The-Plan properties, New House and Land Packages or negatively geared properties. These properties will not be able to take care of themselves over time as they either have a low rental yield or were purchased way above market value.

Property investing is about creating a stable passive income. It is crucial that you buy the properties you need to grow your portfolio, not the ones you want as this type of investing may cause problems in the future. Emotional investing and analysis paralysis are two things to avoid when getting into property investing.

When it comes to property investing, Commercial and Residential properties are the most common property types investors would choose to invest in. However, there are differences when it comes to financing, deposit, leases, vacancies and expenses between the two property types that you need to be aware of.

There is no right or wrong method when it comes to obtaining finance for your loan, however, it is necessary to weigh out the advantages and disadvantages of using a broker or the bank to find out what’s most suitable for you given your circumstances. Brokers have access to different lenders and can help you find the best interest rate. However, they generally take a longer time to approve your loan.

Beginner investors may have looked into government implementations such as First Home Buyer Assistance Scheme (FHBAS) and First House Super Saver Scheme (FHSSS) to help them enter the property market faster. These implementations are created by the government to help property buyers save money during the process. However as an investor, these schemes may hold you back from growing your property portfolio.

Location location location… This is a common phrase you hear from the media when it comes to property investing. But is location the only thing that’s important when looking for an investment property? Property investment actually comes down to a lot of different factors, just choosing the ‘right’ location isn’t enough.

The main reason why many investors are stuck with less than 4 properties is that they get caught up on the wrong details of property investment. This includes not focusing on rental yield, not diversifying and emotional investing.

Flipping Houses is a common strategy used by property investors to gain quick profits. The concept behind it is quite simple, you purchase a property, renovate it and then sell it out. However, there are some points you may not have thought about such as it’s high costs, time consumption and its inability to grow in value in the future.

Whether you’re looking to purchase an investment property or an owner-occupied property, using a Buyer’s Agent can be beneficial in speeding up the process. Some benefits of using a Buyer’s Agent include having access to quality properties, saving your time and having the agent to help with the bidding and negotiating process.

Tenants play a crucial role in property investment, in order for the property to take care of itself, the property needs to be constantly tenanted. There are always chances of your tenants moving out of the property, hence it is important to ensure you minimise any risks and losses before this happens. These includes having Landlord insurance, diversifying your property portfolio and finding the right property manager.

Retirement accommodations are residential complexes that are designed to be occupied by retired individuals over the age of 55. From an investment perspective, there are many other factors to consider before investing in these types of properties. This includes risk, finance and management costs.

Off-the-plan properties generally consist of Townhouses, Houses and Land Packages that are currently under construction or not yet built. Purchasing properties of this type may bring many disadvantages. Off-the-plan properties are time-consuming, sold at a high price point and can limit your borrowing capacity.

Some investors have difficulty deciding whether to purchase old properties or new properties. Due to Division 43 for tax depreciation, old properties tend to refer to those that were built before the cut-off year 1987 and new properties refer to those that were built after that year. Both types of properties have their pros and cons so which type should you purchase? The answer is…

There are several factors that make property investment less risky than stock investments. These include fluctuation, lending and leverage.

The bank will conduct thorough checks on your details when you apply for finance. This means you should have prepared documents such as ID, pay slips, proof of savings and statements.