BUDGETING ESSENTIAL For Investors
A recent survey of Mortgage Brokers shows a large majority believe having the right budget is key to successful property investing. Setting up a budget which considers cash flows, expenses, fees and maintenance will lead to easier and more educated decisions when it comes to picking the right investment property. The survey also revealed that choosing the right suburb was just as important as deciding on the type of investment property to invest in or the right investment loan product.
The location and type of property an investor chooses can bring in additional income or different types of expenses. If you apply these factors to a well-constructed budget, you’re going to be able to make better investment decisions. Tight rental markets in all capital cities and the ability to fix your interest rate at a historically low rate are two of the biggest factors making property investment so popular right now and its likely it’s a trend that is going to continue.
If you would like to receive a copy of our detailed Budgeting Form please contact us at firstname.lastname@example.org or phone on (07) 5570 2579 and we will send you a free copy for your personal use. Alternatively a great budgeting calculator can be found online at the governments Money Smart website by visiting the following link – https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/budget-planner.