Essential Guide to Financing your Investment Property - ING Direct

Essential Guide to Financing your Investment Property Proudly sponsored by Guide design by mosaiccollective.com Important information The Sydney Morning Herald Essential Guide to Financing your Investment Property is published and distributed by Fairfax Media Publications Pty Ltd, ABN 33 003 357 720, the publisher of The Sydney Morning Herald. It is intended to provide general information of an educational nature only. Any information contained in this guide does not have regard to the financial situation or needs of any reader. Neither the publisher, Fairfax Media Publications Pty Ltd, nor the sponsors, ING DIRECT, a division of ING Bank (Australia) Limited (ING DIRECT), ABN 24 000 893 292, intend by this guide to provide financial product advice and information in the

guide cannot be relied upon as such. All readers should consider obtaining independent advice before making any decisions concerning financial products or services. All information correct at time of publication (May 2011). To have The Sydney Morning Herald home delivered phone (02) 9282 3800. General Editorial enquiries store.help@smh.com.au Copyright © Fairfax Media Publications Limited 2011 1 Darling Island Road, Pyrmont NSW 2009 The Sydney Morning Herald and The Age are registered trademarks of Fairfax Media Publications Pty Limited The moral right of the author has been asserted All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of the copyright owner and the above publisher of this book. To order your free copy of this or other Essential Guides, go to www.smhshop.com.au/freeguides Essential Guide to Financing your Investment Property Contents Introduction 2 Chapter 1 Get ready to invest! 3 Chapter 2 When is the right time to buy? 5 Chapter 3 Types of loan 8 Chapter 4 Where can I apply? 12 Chapter 5 Allow for the expenses 14 Chapter 6 How tax helps 16 Chapter 7 What makes a good investment property? 20 Chapter 8 Tips for managing risk 22 Chapter 9 Further information and resources 26 Chapter 10 Glossary of terms 27 Chapter 11 A final word 28 Introduction There are many myths surrounding property • Capital growth investment. But it is no longer just very • Tax benefits wealthy individuals who become property investors. According to the Australian The step into residential property Taxation Office, there are 1.7 million private investment requires a substantial allocation landlords in Australia. Over a quarter of of resources and usually a sizeable home these own more than one investment loan. 1 property. Your goals might be long term, such as The largest group of property investors to fund an independent retirement, or short are not on high incomes. In fact, they have term, such as seeking capital gain during a a taxable income between $30,001 and housing boom. Generally, however, investors 2 $75,000. should be prepared to run their investment Together, these investors are not just over a minimum 10-year term. This provides growing their own wealth – they provide 22 room to ride...

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