Embarking on a property investment journey can be a thrilling ride. To make the experience smoother and more rewarding, it’s crucial to equip yourself with the right knowledge and tools. 🔨
We’ve put together a list of essential resources for investment property buyers in Western Australia. These resources will be your guiding compass through every stage of the investment process, from comparing home loans to decoding tax implications. 💲 So, buckle up and get ready to make well-informed decisions that will take your property investment game to new heights!
Canstar: Shop Around and Compare the Best Home Loans
Don’t waste time calling around for quotes and definitely don’t take the first loan option you are offered! Canstar’s comparison tool makes it easy to find the best investment property home loans for your unique financial situation. 🔍
- Compare interest rates and fees across different lenders.
- Evaluate loan features, such as offset accounts and redraw facilities.
- Filter loans based on your preferred loan type, repayment options, and more.
Alternatively, speak to a Mortgage Broker like our friends at Westgate Financial Services and get them to do the running around for you!
PIPA: Boost Your Property Investment IQ
Join the Property Investment Professionals of Australia (PIPA) and unlock a treasure trove of resources, training, and industry updates to connect with expert advisers and educators. 💭🤔
- Access property investment courses and seminars.
- Browse a directory of member advisers and educators.
- Stay informed on industry news and legislative changes.
Australian Taxation Office (ATO): Stay on top of tax matters
Without understanding the ins and outs of taxation, you may never truly master the art of property investment. Make sure your property investment remains financially sound and compliant, get reading ASAP. 📝
- Learn about tax deductions for investment properties.
- Understand depreciation rules and schedules.
- Familiarise yourself with capital gains tax implications.
Credit Reports: Polish your credit file for a seamless loan application
Give your credit score and history a thorough check-up to identify and address any potential issues, boosting your chances of loan approval.
- Review your credit score and payment history.
- Identify and rectify errors on your credit report.
- Discover ways to improve your credit rating.
REIWA: Keep your finger on the pulse 💗
Stay in the loop with the Western Australian property market by following REIWA, the region’s leading real estate authority, for valuable data and insights.
- Access up-to-date market data and trends.
- Monitor median property prices and rental yields.
- Stay informed on local property-related news and events.
Comprehensive Property Reports: Uncover the full story
Get detailed property reports from trusted sources like RP Data, CoreLogic, and Realestate.com.au, which reveal essential details on property history, value, and demographics. 🔎📰
- Analyse property value trends and market performance.
- Review property sales history and previous owners.
- Examine local demographics and amenities.