In light of the Reserve Bank's change to the cash rate, Gateway Bank has reduced its interest rates across a variety of variable and fixed rate mortgage products. To learn more about our changes, click here.
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Owning an investment property can be a great long-term venture. However, as you are not living in the property and your tenants are often strangers to you, taking out Landlord Insurance can offer some peace of mind. Some lenders will also require you to have Landlord Insurance as part of their loan requirements.
On July 1, 2018, a new law was introduced, which requires homebuyers to withhold and pay GST directly to the ATO at settlement. This might seem like another burden to add to the mountain of costs associated with homeownership. However, don’t let it deter you from going after your dream home.
It can take months to research and find the right investment property. The buying process is complex, and the initial decision shouldn’t be taken lightly. To help decide whether an investment property is for you, here are some of the main risks and benefits.