Investment loans reviewed How to choose the right loan for your purpose

If you want to invest in property in Australia, then you will most likely apply for a property investment loan from one of the home lenders. In the past, investment loans used to purchase investment properties charged a slightly higher interest rate than home loans for owner occupiers. However, with increased competition in the home loan market in Australia, you can now find an investment loan for a property with the same low interest rate available to owner occupiers. Here we look at investment loans for property investors.

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Invest in property with an investment loan at competitive rates

Over the past decade or so, property investing has become very popular, particularly in Australia's two largest cities, Sydney and Melbourne, where property prices have skyrocketed producing excellent investment returns. This increasing popularity in investment properties has helped drive the property market to record highs over the past decade. It has also provided a boon to those in the market for a home mortgage as competition between home lenders throughout Australia has become increasingly competitive. This competition has helped make Australian investment property loans much more attractive to investors. In fact, property investors can now get the same interest rate deal as an owner occupier home mortgage.

Investment loan options

As with any other home mortgage, you can get an investment loan with the option of a fixed term interest rate, a variable interest rate or a split rate. Some property investment loans may also include a redraw facility, direct salary credit or direct debit options. When searching for a property investment loan, shop around for the best deal and make sure you compare interest rates and fees and charges.

You can compare different investment loan options on our home loan resources page.

Another important point to remember when considering an investment loan for a property is that you do not have to be an existing property owner in order to qualify for a home investment loan. Even if you have never had a mortgage or owned a property before, you may still be eligible to apply for a property investment loan. However, it's important to realise that you will not be eligible for the First Home Owners Grant from the Australian Government if the home loan is for investment purposes.

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Investment loans reviewed How to choose the right loan for your purpose

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Got no financial records? Don't worry, you may still get a home loan

If you have little or no financial records, in the past you would have found it very difficult getting a home loan. These days however, there are home loan options available to you with no doc and low doc home loans. Here we take a look at the home loan options available to those without the detailed financial records normally required by home lenders.

Variable Rate Home Loans

Variable rate home loans allow you to take advantage of falling interest rates. With a variable rate loan the interest rate you pay on your home loan varies with the interest rate that is set by the reserve bank of Australia, this means that if interest rates fall so does the interest you pay on your home loan. Conversly, the down side is if interest rates rise you will be paying more interest on your home loan. Here we take a look at situations where you would consider taking out a variable rate home loan.

Mortgage brokers in Sydney

Over the past decade or so, the Sydney property market has been the hottest in the country. But while this has changed over the past year or more, one of the legacies of Sydney's recent property boom has been the explosion in the number of Sydney mortgage brokers. For Sydney home buyers, this highly competitive mortgage broker market provides an excellent opportunity when seeking the services of a Sydney mortgage broker. Here we provide some tips on how to find the best broker for your situation.

Home Loan Redraw Facility How Can It Benefit You?

Today, there are many different innovative features available on home loans. Some of these features, including redraw facilities, can help you save money on the total interest costs of your home loan over the term of the loan. Here we look at the redraw facility and how it could benefit you.

How interest rates are determined in Australia

In Australia, the interest rates used to calculate mortgage repayments are guided by the official interest rates set by the Reserve Bank of Australia (RBA). The RBA will change interest rates from time to time in order to control inflation. Here we look at interest rates including why they might rise or fall and the different interest rates that apply to home loan mortgages.