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All Property Advisory Group

Helping Individuals Prosper

Can I afford to do this?

Investing in property is a proven path to long-term wealth, however, you should consider it a medium to a longer-term type of investment, so you’ll want to make sure that you can afford to maintain your mortgage repayments over the long term. You will not want to have to sell your investment property until you are good and ready and if you were to encounter some financial stress, this could force you to offload the property at the wrong time.

Once you own an investment property it can be quite inexpensive to keep it and service the loan, that’s because you earn rent and get a tax deduction on many of the expenses associated with owning the property and remember that over time rents tend to increase, as does your own income – so expect things to get easier over time.

Here is an example of what it might cost you to own an investment property. We recommend that you look at the cost of servicing the loan on an after-tax basis, this way you can put the cost in real terms for you.


 

 

In summary on this example, your cost of holding this investment property works out at only $42 per week.
For example, the cost of holding this investment property is perhaps a half tank of petrol or a couple of bottles of nice wine.

Every situation is different, make an appointment now to allow one of our specialist advisors to show you how you may achieve this for your personal situation.

Let's begin our wealth creating journey today!

 

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