Buying an investment property is one way of building wealth. The sale price of the property will almost certainly increase over time and, if what you receive in rent per month is greater than your mortgage payment, you’re immediately in profit. There are also a number of tax benefits that flow from property investment.
However, property investment is not for everyone and there can be risks involved. At TAG Property & Building Brokers we can help you decide whether or not investing in property is right for you.
At TAG Property & Building Brokers, we can give you all the advice you need to become a successful property investor and help you find the best property for you.
Enter a loan amount you would like to borrow, an interest rate and the term of the loan to get the minimum monthly repayment figure and the amount of principal and interest paid.
This loan simulation is not an offer and has no legal effect. It is a rough guide only. All interest rates, repayments and other benefits are based on a personalised simulation and certain assumptions and are approximate only.
All cost per week examples are based on the assumption that you contribute 10% deposit via cash or equity in another property towards the specific house and land package plus all bank and government fees including Mortgage Insurance and Stamp Duty if applicable. This weekly repayment has been based on a loan amount of 90% of the total house and land price and making interest only repayments with a variable interest rate of 5%. If interest rates increase during the interest only period of the 30-year loan term this would increase the weekly repayment. This example also works on the assumption that you maintain 100% occupancy. If the property is vacant and without a tenant this would increase the cost per week.
This is a guide only and you should seek independent financial advice specific to your personal situation before entering into any investment. A current rent appraisal can be provided at the time of enquiry, however the rent quoted has been provided by an independent Real Estate Agency.