Whether you're just starting out on the property ladder or you're a seasoned investor, the first step to buying an investment property is understanding your borrowing capacity. You might be closer to purchasing your first or second property than you think.
We work across the spectrum from new investors to seasoned veterans. Learn how we help our members reach their financial goals.
Multi-property portfolios
Many of our members have multiple properties. However, choosing to invest further can still be daunting. It's crucial to ensure your investments are secure by carefully considering how each property is financed. A key lesson for investors is to avoid over extending and to be prepared for any eventuality. With a well-structured multi-property portfolio, each investment can act as a safety net, supporting your overall financial strategy.
Getting started
For first-time property owners, it's important to remember that your first purchase doesn't necessarily have to be your live-in home. It can often be easier to enter the market by purchasing a property as an investment rather than as a residence, as investment properties may be more accessible and affordable when they don't need to meet your personal preferences. In these situations, there are often many questions that arise, and BankVic is here to guide clients through the loan type, investment process, and beyond.
Common experiences
With years of experience assisting Australians across the spectrum of home buyers, we understand that no matter where investors are on their property journey, there are common characteristics. While investors may be less emotional and more risk-averse, all buyers seek assurance as they navigate their property journey.
Additional considerations
Investing in property involves not only financial risks but also potential impacts on your lifestyle and tax implications. It's essential to consider these factors carefully and seek personal financial advice where appropriate to make informed investment decisions.
Whatever your needs, BankVic has the experience to help guide you through.
Contact BankVic to chat about home loans.
Please note that this article does not account for specific variable or fixed rate home loan terms and conditions. For detailed information on rates and terms, please consult with a BankVic representative.
The information in this article is general in nature and does not take into account your objectives, financial situation, or needs. Property investments may involve financial risks and tax implications, and you should consider your investment decisions carefully. It is advisable to seek personal financial advice where appropriate before acquiring a product or service. Police Financial Services Limited ABN 33 087 651 661 - trading as BankVic | AFSL and Australian Credit License 240293.
