Can I Afford To Invest?
Many people are surprised at how easy it can be to afford to invest in property. In fact, one of the most common statements we hear is "We should have done this years ago!"
Understanding how to purchase an investment property is the key to success, as is removing the anxiety from the transaction. The thing that makes it so much easier than buying the house you live in is that the costs of ownership are shared. In fact, in most cases the majority of the costs of borrowing the money are paid for by the attractive tax benefits on offer and the rental income paid by the tenant.
Independent Property Group can provide all the information you will require to enable you or your financial adviser to assess your capacity to invest. As a general guideline you should consider the following:
- Do I have equity to another property or cash to a minimum level of 10% of the value of the investment I wish to purchase?
- Can I afford $50/$100 per week if necessary to cover any shortfalls in running the property?
- Do I understand the financial and taxation implications of a property purchase both prior to and following the acquisition?
The sales consultants at Independent Property Group are trained to understand and explain many of the key questions you may have and can provide an indicative cash flow analysis of your preferred property to assist you in deciding on your best course of action.