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September 8, 2017

Tips to getting started on the investment property ladder…

Start by paying off any high interest consumer debts (credit cards, car loans etc). There would be no point earning 5%+ pa on an investment if you are paying 15%+ on credit card debt. Set up automatic deductions from your salary to accelerate repayments. Continue the salary deductions alter your debts are paid off. This extra cash could fund ongoing costs for a negatively geared property. Start small and don’t over extend yourself. Look for affordable properties in popular rental areas. Aim for rental income per year of 4%-5% of the property value. Your first property could be an investment. …

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