And the rent you get may not always cover the mortgage repayments, so you need to have enough cash flow to cover both your rent and the loan repayments if needed. At LJ Hooker, our goal is to increase your income and ensure your investment is working for you with minimal risk. If you’ve decided that rentvesting is for you, then soliciting the help of a rental property manager is the easiest way to start.

Speak to one of our in-house finance experts who can work with you to determine the best option for you. Please enter your details to unlock exclusive content across the site. Once you find your new home and sign a contract of sale, your Participating Lender will manage the final approvals. If you received the grant, there are certain obligations you must meet to keep it.

The Australian Government HomeBuilder grant provided eligible individuals and couples with a grant towards building or buying a new home or substantially renovating an existing home that they owned and occupied. Please note you need to lodge your application forms and proof of identity documents. If you’ve already completed the purchase Better Way 2 Build or construction process, you can lodge your application via the FHOG customer portal.

Our registered builder will inspect the project at every progress payment stage to advise you that all works that are required to be completed for the payment have been completed. Authentic recreations of any architectural style and interior design require a clear understanding of the design principles that define it. Design costs range from $ with Fly Throughs being extra. A builder will give you biased advice on how they do things. Discuss ideas, design options, pricing, and timeframes with your Client Advocate.

"The key difference between viewing a property as an investment and as a home lies in the potential for emotional attachment and the decision-making process," he said. Crucially, Hughes stressed the distinction between property investment and a primary residence, each requiring separate value judgements. For the average Australian living on an average income, your first home will likely be a stepping-stone home, with concessions made regarding the type of home, age, or location. To evaluate the risk of your investment, you should conduct a cash-flow analysis.

Discuss hidden costs and loopholes, what your budget allows you to design & build. We firmly believe that settling for "good" is a compromise when the best is within reach. We strive to find the best home, create the best experience, and connect you with the best builder who is perfectly aligned with your vision and goals.

We prioritize effective communication, asking pertinent questions, and actively listening to ensure that no detail goes unnoticed. With your chosen builder, we work closely to ensure they surpass all your expectations. Our solid experience and understanding of the building industry mean we can take the time and guesswork out of your decision.

Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial and taxation advice before acting on any information in this article. If you’re looking to invest in property while you rent, talk to our home experts today. You can also chat to an ANZ accredited broker for help with your home buying, investing or refinancing needs. ANZ Mobile Lenders will go the extra mile with the experience and knowledge to navigate all ANZ home loans. Enjoy the convenience of meeting wherever and whenever suits you best.

From 13 February 2025, changes to the eligibility criteria regarding previous and current property ownership came into effect. Besides assessing your ability to afford loan repayments, lenders will also consider your employment security and any apparent future risks, e.g. self-employment. Generally, the more stable your monthly income, the more likely your application will be approved. Stamp duty, or transfer duty, is a tax that applies to all property and land purchases or transfers. As a first home buyer though, you get a little extra help from the WA Government known as first home owner rate (FHOR).

PIPA also regularly produces research, analysis, and publications to help educate our members, media, and consumers about the property investment sector. "Balancing a mortgage and rent payments requires a clear understanding of your cash flow and a commitment to maintaining an emergency fund to cover unexpected expenses," Hughes said. To choose a good investment property, you must strategically evaluate several factors.

Modular homes solve this problem by being built in Perth at metropolitan trade and material rates before being transported to site. At Summit Modular, we offer a wide range of home designs and layouts to suit different tastes and needs. From modern open-plan layouts to more traditional styles, we ensure there’s a perfect fit for everyone. Western Australia is facing a housing shortage, making it increasingly difficult for homebuyers to find suitable properties. Whether you’re a first-time buyer, a growing family, or searching for a home in a regional area, the process can be challenging. Our Panel Fab construction concepts are traditionally more affordable than steel frame or timber frame projects which means more money in your pocket.