Investing in property?  

Want to grow your property portfolio with assets that can provide you with a regular income and potential tax benefits? This page gives you a summary of the main things you need to know.  

There are numerous factors that influence your capacity to purchase an investment property including your income level, your existing liabilities, your potential rental levels, and your allowable tax deductions. Please call us on 02-8004 7050 to get more information or go to our  loan enquiry form and we will assess your capacity. 

Use your existing property to purchase an investment 

If you currently own a property you may be able to use your existing equity to assist in purchasing a new investment property. If you have sufficient equity you also may be able to arrange a loan to cover all costs taking away the need to make any contribution of your own. CPA Homeloans   is able to assess you situation to determine your capacity. The potential rental income from your new investment adds to your existing income so you may not have to earn a large salary to be able to get into the investor market! 

First time entry to the property market 

Are you looking to enter into the property market yet don’t quite earn the income required to get your desired property? You might want to consider making your first property purchase an investment property. There may be advantages for you as potential rental income on the purchase may be used and different lenders also can take future tax concessions into account. This could make your borrowing capacity much higher and allow you to purchase a more desirable property now, which you could keep as an investment or move into at a later date.  

The first home owners grant however is generally not available for investment property purchases, however there are certain situations when you can claim it so please talk to us about this.  

Tax concessions  

An additional bonus of investment property is that tax deductions may be available to you. In general, you may be eligible to generate a tax concession on any losses incurred on the ownership of investmen t property. For more information related to your eligibility and the actual amount of tax concession you can claim please contact  CPA Homeloans.   

Servicing a loan 

Different lenders allow us to utilise your income in different ways. Some lenders allow 100% of your rental income to be used. Also there are lenders who allow us to include your forecast tax concessions in assessing serviceability. These differing factors between the banks can determine how much they will lend you. With CPA Homeloans experience with all lenders we can look at your situation and fit you with the best loan for you needs.