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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Reduce your interest payments with a line of credit mortgage

A home loan with a line of credit allows you to put all or most of your salary into your home loan and make the bulk of your purchases through the month by using your credit card and taking advantage of the interest free period. By doing this, you can reduce the outstanding balance of your home loan thereby saving you money through reduced interest charges. Here we look at line of credit home loans available in Australia including the benefits and who they would most suit.

Mortgage brokers in Australia

Mortgage broking in Australia has boomed over the past decade with the growth in more competitive and more complex home loan options. Mortgage brokers in Australia provide a valuable service to many home buyers who do not have the time or means to fully research their home loan options by themselves and employing the help of an expert in the field can be beneficial. Here we provide an overview of the mortgage broker industry in Australia as it becomes increasingly important to consumers.

Standard variable home loans

Perhaps the most common type of home loan for Australian home owners is the standard variable home loan. The standard variable interest rate home loan calculates interest charges based on the Reserve Bank of Australia's current official interest rates. Standard variable rate home loans offer greater flexibility than the fixed interest rate home loan option. Here we look at some of the advantages of a standard variable home loan.

How to find your credit history

Whenever you apply for a home loan or any other form of credit for that matter, the lender will generally check your credit history before approving the home loan or credit application. Here we discuss the importance of your credit history and how you can get access to your credit history.

Canberra Home Loans Mortgage Information

If you are looking for information about a Canberra home loan, you have many options available to you when it comes to choosing your home loan. Here are just three home loan options you will have when seeking finance for your new home in Canberra.