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Is a small budget holding you back from investing in property?

Posted by Mark Attard on 23 August 2023
Is a small budget holding you back from investing in property?


Is a small budget holding you back from property investment? Think again!

You might be surprised to learn that you don’t need a hefty bank balance to dive into the property market.

Let’s see how you could make this dream a reality.

1. Unlock Your Home’s Potential Through Equity

Equity is the difference between your property’s market value and what you owe the bank. For instance, if your home is worth $800,000 and you owe $500,000, you have $300,000 in equity.

If the value of your home has appreciated or you’ve made significant progress on your mortgage payments, you could be sitting on a hidden treasure. By refinancing, you can tap into this equity, providing you with the means to invest without depleting your savings.

2. Think Beyond the City

If city investments are stretching your budget, consider looking into regional areas. Many of these zones have recently surpassed major cities in performance, especially when it comes to vacancies, rental rates, and property values.

3. Two Heads are Better Than One

Consider teaming up with someone. It could be a friend, family member, or another investor. Pooling resources can make property investment more accessible.

Remember, this is a big decision. Always get legal advice to ensure everyone’s on the same page.

4. The Off-the-Plan Route

How it works: You sign a contract, pay a deposit (often just 10%), and settle the balance once the property is built. This gives you time to get your finances in order.

Pros: Lock in today’s price, even if property values soar during construction.

Cons: There are risks, like potential drops in property value. Always research thoroughly.

Ready to Dive In?

Exploring finance options is a crucial step. We’re here to guide you through the maze and help you align with your investment objectives.

Let’s discuss your options, talk to us on 1300 780 440.

Mark AttardAuthor:Mark Attard
About: With more than 15-years experience in the finance and property industry, now it’s time to grow our business even further. So that we can help you - no matter what stage of life you’re at or where in Australia you live.
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