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Why Invest in Property?
Investing in a property is a good option if you are considering making a long-term investment. This is because you can earn income via your residential or commercial tenants and capital growth. You may even make a capital gain—this is when the value of your property increases over time, and you sell it for more than you initially paid. A wide variety of properties can be purchased with investment loans, including blocks of land, houses, apartments, and commercial buildings.
At Best Home Loans, we’ve been helping Australian's invest in properties since 1999 and have assisted a diverse range of clients since our establishment. Our mortgage brokers will take the time to understand your unique circumstances to help find the right loan for you. We will:
Lenders mortgage insurance is a type of insurance that protects the lender if you default on your home loan. It is typically required if you have a deposit of less than 20% of the purchase price of your property. The insurance covers the lender for any losses that they may incur if you default on the loan and are unable to repay the debt. It does not cover you as the borrower.
What tax exemptions are available for investment property owners?
As an investment property owner, you may be entitled to a number of tax exemptions, including:
Capital gains tax exemption: You can exclude some of the profit you make when selling your property from your taxable income.
Negative gearing deduction:
This allows you to deduct any losses you make on your property from your other taxable income.
The depreciation deduction:
You may be able to claim a deduction for the wear and tear of your investment property over time.
What advice do you have for increasing the value of my investment property?
There are numerous ways to increase the value of your investment property:
Invest in upgrades and renovations: By renovating key areas of your property or adding desirable features, you can make it more appealing to potential buyers and renters.
Increase curb appeal:
If your home has high curb appeal, it will be more attractive to buyers and renters, which could lead to a higher price or rental rate. You can improve your curb appeal with landscaping, painting exterior areas and pressure washing the driveway.
Keep up with maintenance:
By fixing any problems as they arise, you can prevent small issues from becoming bigger, more expensive problems down the road. Renters and buyers will also notice the property is well-maintained.
