It is highly recommended to do your research before getting involved in property investing. Most people believe that property investing represents the best investment opportunity. Australian property has been the high achiever in terms of capital growth for many years, doubling in value on average around every ten years. Although past performance is no guarantee of future returns, there are indications that property will continue to be an astute investment.
Property investing can build your wealth. Often a property portfolio can increase your personal wealth more than your day-to-day income. In Australia, investors can borrow up to 80 per cent of a property purchase price. In fact some mortgage brokers will loan up to 95 per cent. This means you can grow your portfolio from a low base.
However, to start your property investment journey you need to be the right candidate. If your current home for instance has enough equity, you may be able to use it to buy an investment property. Keep in mind, though, that by using the equity in your current home, your home becomes the security for the new loan.
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