page top
Home / I want to / Buy an investment property

I want to buy an investment property

Attention: open in a new window. Print

The benefits of buying an investment property include:

  • Ownership of a secure asset
  • The future sale and benefiting from capital gains
  • Rental income to cover loan repayments and other associated expenses
  • Building equity
  • Taxation benefits

Four main factors to consider when you decide to purchase an investment property is property type, location, growth and demand.

  Property Type

You should consider the type of property you would like to purchase and which will meet budget and goals. The type of property that you decide on will determine the level of rental income you can receive and may change depending on the upfront and ongoing costs.

  Location

When choosing an investment property it's location, location, location! Will the property value increase over time? Will it provide you with adequate income? Some other factors to consider also include proximity to public transport, schools and childcare, shopping facilities, and parking. These are important to attract tenants.

  Growth

You will have to consider how the potential investment property has performed over the previous decade and how it is likely to do in the future. It would be good to do some research of property prices in the suburb and surrounds. It would also be beneficial to consider the population growth, property prices and potential rental income of the area. Also consider new property and off-the-plan developments which may impact upon the future rental income.

  Demand

In relation to growth, demand is vital for investors. You don’t want to purchase an investment property in an area or without the features that tenants are looking for. Features high in demand are internal laundries, balconies, parking spots & lock-up garages, built-in cupboards and good storage space. Also consider any renovations that may be necessary and could potentially add value to the property.


To see how much your repayments will be use our Loan Repayment Calculator, or use our Borrowing Power Calculator to see how much you can borrow.

Check out our full range of Home Loans.

Apply Online Ask MYCU Call 1300 655 116

  You might be interested in:

 

 

Apply Online

 

Quick Forms

 

Calculators

 

Rates & Fees

 

Special Offers

  • placeholder

    Thank you for your excellent service. We truly appreciate it. We are highly pleased with the professional manner in which our personal loan and home loan was fina

    read more
  • placeholder

    One big thank you for your prompt service with our loan. We love dealing with My Credit Union. Over the many years we have used your services we have been so ha

    read more
  • placeholder

    I wanted to say a special thanks to the team at My Credit Union. I've had a long association with MYCU. Congratulations on such a great work ethic and perfect cus

    read more