CAN-I Invest?

CAN-I Invest?

Many people think that property investment is for high income earners. However this is not the case. In Australia over 70% of property investors are on incomes between $35,000 and $40,000 per annum and over 90% of all millionaires become so through investment in real estate.

In many cases when you buy your first home you have to come up with a cash deposit of up to 20% of the purchase price and also be able to afford the monthly mortgage repayments of many hundreds of dollars. If this was the same for buying an investment property nobody would ever be able to afford it. Thankfully, in most cases, its not! If you have owned your own home for a few years, you will have built up quite a bit of equity in your property. You will have paid off some of the loan, and there’s a good chance that your property has increased in value too. So instead of finding a cash deposit the bank will, in most cases, allow you to use the equity built up in your home as security on your investment property.

For a list of commonly asked questions click here

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“It’s not how much you earn that counts, it’s what you do with what you earn”