I’m looking to buy an investment property, I think I need a financial plan done first, can you help?

 

As Financial advisers we’re able to advise on every type of investment.  However we are not experts in the residential property sector. Although we can’t advise you directly on residential property, here are a few things you should consider.
• Will you benefit from negative gearing?   Is your income over $80,000 pa?
• Be aware that a property investment will take money out of your budget. It will be cash flow negative.
• What capital growth do you expect to receive?  Is this in line with long term growth of the sector?
• Has the sector recently experienced large capital growth?
• Do you have a long term time frame?  You should look to hold the property for 10 years.
• Residential property has high entry fees being stamp duty and loan fees, it also has high exit fees when sold mainly due to agent fees.