Property investors with access to equity and finance, who can handle rising costs of living and borrowing, are feeling optimistic in 2023. Falling prices, rising rents and tough borrowing conditions for the owner-occupiers who they compete with are presenting opportunities.
If you can buy and hold for the longer term and can cover higher costs to hold your properties, you are likely to see rents and yields rise along with the almost negligible vacancy rate.
Around 30 per cent of the number of outstanding housing loans in Australia are to property investors, who number more than 20% of Australia’s 11.4 million taxpayers, or 2.22 million individuals.
While there are many active investors in the property market, too few take the time to do a loan health check to best leverage their borrowings and maximise wealth creation.
Refinancing may be in order when a clear financial benefit is identified; and lower interest rates, a changed financial situation or freeing up equity are all valid reasons to investigate refinancing.
Regardless of your investment strategy, your loan is a key component of your ticket to wealth.
Most people make investments with a view to strengthening their financial future and the right loan and loan structure will mean your money works better for you, but the variety of investment property loans available, and their different rates and features, can be overwhelming.
The good news is that we have finance lending experts who can do all the legwork for you, through the RE/MAX finance arm, Pivotal Financial. They can keep you on the right track with the best available loan and a clear long-term plan.
Find out more about a Home loan Health Check.