It’s no secret that Aussies love property. And for many Australians – and indeed for most of our financial advisory clients – property ownership is a major component of ‘financial fitness’.
We understand that while most people want to reach maximum investment potential with the lowest risk possible, in real life the two objectives are usually mutually exclusive. We can help you determine what your main property objective is, such as:
- Yield / rental return
- Capital growth
- Tax effectiveness
Only when you know why you are buying property should you then begin your search. We can assess if you can afford to buy an investment property and how much it will cost you to manage and run. We can also refer you to one of our panel investment specialists to find the right property for you.
With Fin Fit, you will be armed with confidence when you choose to invest in property. Here’s what we can do to help:
- Determine how much you can borrow – we can help you obtain home loan pre-approval to find out how much you can actually afford. This is extremely helpful to save yourself from frustration when you go house hunting. What’s worse than finding your dream house and finding out later that you can’t afford it?
- Find the right loan for you – with many lenders out there offering different mortgage products, it is important that you get professional advice to compare and assess the advantages and disadvantages of each loan. A home loan with low interest doesn’t mean it is always better. Fin Fit Wealth Solutions can help you find the loan that will most benefit you in the long run.
- Find the right investment for you – having the money to invest in a property doesn’t mean you have to rush into buying a property now. Studying the location and future profitability of the area is a must for anyone who is investing in a property.
- Prepare for unforeseen costs – the unexpected can happen at anytime. Having a financial buffer always comes in handy when unforeseen costs arise.