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For Expert Investment Property Mortgage Services in Melbourne

If you’re seeking finance for a residential investment property, our experienced investment property Mortgage Broker in Melbourne is here to assist you.

In 2020, according to the Australian Bureau of Statistics, 2.02 million households in Australia owned residential investment properties. Property investment is favoured for its tangible nature and historical stability.

Melbourne investors have enjoyed strong returns over the past decade despite recent softening due to rising interest rates. Residential property investment remains a popular choice for many Australians.

Financing Options:

Lenders offer financing for a variety of residential investment property types, including:

  • Houses
  • Town Houses
  • Duplexes
  • Apartments (Apartments under 50 square meters, including the balcony, may have limited options)

If you’d like guidance on what lenders look for and what property types they prefer, don’t hesitate to contact our Investment Property Mortgage Broker.

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    Equity Requirements:

    One of the most common questions we encounter is, “How much do I need to contribute to the purchase?” The amount of equity required depends on factors such as:

    • Your debt servicing capacity
    • Your credit rating
    • The type and location of the property (less favoured property types/locations may require more equity)
    • As a general guideline, most lenders currently require a minimum equity contribution of 20%, which can come from savings or equity held in other properties.

    Additional Costs:

    In addition to your equity contribution, you should be prepared to cover:

    • Stamp duty
    • Conveyancing fees
    • Legal costs
    • Search fees
    • Pest and related building reports

    Lenders will also want to see that you can cover ongoing costs, such as:

    • Council rates
    • Water rates
    • Strata fees (if applicable)
    • Maintenance & repairs
    • Property management fees if applicable
    • Vacancies
    • Land tax
    • Insurance

    Interest Rate Factors:

    Again, this is a question our Investment Property Mortgage Broker is frequently asked.

    Interest rates for residential investment properties are influenced by several factors, including:

    • What equity you contribution
    • Your credit rating
    • Your debt servicing capacity
    • The type of property and location
    • The lender’s preferences

    Typically, these rates are around 0.50% to 0.75% higher than rates for owner-occupied housing.

    You can choose between fixed and variable rates, or a combination of both, along with access to Offset Accounts.

    Why Choose Us:

    • A broader choice of financing options
    • More diverse solutions
    • The assurance of obtaining genuinely market-competitive financing

    Our market access fosters competition, leading to better outcomes for our clients. Importantly, we ensure that the financing we secure complements any other personal or business borrowings you may have.

    If you need investment property finance or wish to learn more, please do not hesitate to contact us.