EXCELLENT Based on 35 reviews Todd Hughes2024-08-05Trustindex verifies that the original source of the review is Google. I would describe Richard and Ausfirst Lending as friendly, insightful, prompt and diligent. A pleasure to deal with. Baz Saad2024-07-25Trustindex verifies that the original source of the review is Google. Deb and the team at Ausfirst lending are professional, patient, diligent and really work hard to find you the best deal to suit your circumstances Thank you Deb for all your hard work and your perseverance with us during a difficult time. Highly recommend them if you are looking for world class loan or refinancing in Brisbane. TrueToneInc2024-07-23Trustindex verifies that the original source of the review is Google. We have had a number of loans and refinances with Debbie as our broker and her service and attention to detail is second to none. Absolutley professional and a lovely person as well. Nick S boli dalziel2024-05-31Trustindex verifies that the original source of the review is Google. After my car was written off of no doing of myself I was at a loss! Rich was recommend to me and he was my finance angel! He was amazing, patient and so understanding in a rather traumatic experience and nurtured me through a process that I had no experience with. Rich was patient, kind and no question was to hard. I know have a brand new car and feel amazing! Thank you Rich, I actually never thought it could happen but you made it happen for me. Marius Inisconi2024-05-27Trustindex verifies that the original source of the review is Google. Debbie and the team were amazing! Made the process seem super easy. Sara Butler212024-05-26Trustindex verifies that the original source of the review is Google. Thanks to Richard and Debbie and the team at Ausfirst Lending for their hard word to get our loan funded. They are the gurus of self employed loans. I highly recommend their services. Johanna Telford2024-04-29Trustindex verifies that the original source of the review is Google. I received very prompt responses to all of my questions and the team ensured that my application was processed in a timely manner. The service was brilliant! Mary Pigram2024-02-20Trustindex verifies that the original source of the review is Google. Am thoroughly impressed with the response rate, attention to pertinent specifics with regard to personal circumstances and 'open box' flexibility to look at various options. Debbie H is top calibre! James2024-01-15Trustindex verifies that the original source of the review is Google. Great service and easy to deal with :) Rick2023-12-01Trustindex verifies that the original source of the review is Google. Debbie Hays and the team at Ausfirst are an absolute pleasure to deal with. Debbie made the process of buying a new house frictionless, by providing excellent support throughout
Breaking into the Australian property market can be challenging, with rising house prices making homeownership in desirable areas less accessible for some buyers. Rentvesting may offer a solution, allowing you to invest in property while renting in a location that suits your lifestyle. As more Australians explore alternative paths to property ownership, this strategy could become an option worth considering if you’re looking to balance financial security with lifestyle aspirations.
At Ausfirst Lending Group, we are committed to helping you explore rentvesting with tailored mortgage solutions designed to match your investment goals. Whether you’re a first-time investor or expanding your portfolio, our experienced mortgage brokers are here to support you every step of the way. Let us help you assess whether this strategy aligns with your goals.
Rentvesting is a property investment strategy where you purchase an investment property while continuing to rent a home in a location that suits your needs. This approach could provide you with an opportunity to enter the property market without being restricted by affordability challenges in high-priced suburbs.
Suppose you’re a homeowner in Sydney who wants to live near the central business district (CBD) for work and lifestyle benefits but finds purchasing a property there financially challenging. Instead, you could buy an investment property in a regional or outer suburban area with strong rental demand while continuing to rent closer to the city. This way, you can gain a foothold in the property market, potentially benefit from rental income and capital growth, and still enjoy the flexibility of renting in a preferred location.
Here are some potential benefits of rentvesting that could make it an attractive option:
With rentvesting, instead of committing to a large mortgage to buy a home in a high-cost city, you could rent a home in your ideal area while owning property in a more affordable market. This approach may enable you to balance lifestyle choices with investment potential, offering access to better amenities, career opportunities, and social benefits while still building equity in an investment property and potentially benefiting from capital growth.
Renting your primary residence may offer flexibility that traditional homeownership does not. If you need to relocate for work or lifestyle changes, you can potentially do so without the financial and logistical burden of selling a home. This freedom might be particularly beneficial if you anticipate career moves or changing personal circumstances.
Rather than waiting years to save for a home in an expensive location, rentvesting could allow you to enter the market sooner by purchasing in a more affordable area. This means you may have the opportunity to benefit from potential capital growth and rental income. You might consider using a rentvesting calculator to estimate costs and potential returns, helping you assess whether this approach aligns with your financial goals.
An investment property may generate rental income, which could help offset mortgage repayments and other costs. It also has the potential to appreciate in value, generating capital gains depending on market conditions. This combination of rental returns and long-term property appreciation could make rentvesting a viable wealth-building strategy for some investors.
Owning an investment property may allow you to claim various tax deductions, including mortgage interest, property management fees, and maintenance costs. Negative gearing could also reduce your taxable income if the expenses exceed rental earnings. These financial incentives might make rentvesting an attractive option if you’re an investor looking to optimise returns.
While rentvesting has potential advantages, there are important risks and considerations you should evaluate before proceeding with this strategy to ensure it aligns with your financial stability, investment goals, and long-term lifestyle plans.
As a rentvestor, you will need to cover both your rent and your mortgage repayments, which would require careful budgeting. If your investment property remains vacant for an extended period, you may struggle to meet these obligations. It’s essential to have a financial buffer to cover unexpected costs and help maintain financial stability.
Unlike owner-occupied homes, investment properties are typically subject to Capital Gains Tax (CGT) when sold. If your property has appreciated in value, CGT may apply, which could reduce your overall profit.
However, certain exemptions or concessions – such as the six-year rule – might allow you to reduce or eliminate CGT, depending on your eligibility. Under the six-year rule, if you initially lived in the property as your main residence before renting it out, you may be eligible for an exemption from CGT for up to six years, provided you do not treat another property as your main residence during this period.
First-time home buyers in Australia may be eligible for government grants and stamp duty concessions when purchasing a property to live in. However, since rentvestors buy property for investment purposes, they are typically ineligible for these benefits. This means you could need a larger deposit and might want to weigh the loss of grants against the possible financial gains of rentvesting.
Like any investment, property values can fluctuate, which may impact capital growth. If market conditions decline, your investment might not appreciate as expected, or you may need to sell at a loss. Additionally, as a landlord, you will be responsible for maintenance, council rates, and property management fees, which may impact overall profitability.
Rentvesting is not a one-size-fits-all solution, and its success depends on your financial situation and long-term goals. It may be worth considering for young professionals, investors, and those seeking lifestyle flexibility. However, if homeownership stability and personalisation are priorities for you, buying to live in could be a better option. Carefully assessing your financial capacity, risk tolerance, and investment objectives could help you determine whether rentvesting suits your plans.
A mortgage broker could provide expert guidance to help you handle the rentvesting process. Below are some key ways a broker might assist in making the most of this strategy:
At Ausfirst Lending, we specialise in helping rentvestors find investment loan options that may align with their financial goals. Our mortgage specialists offer expert guidance on loan structures, lender choices, and risk management strategies to help you make informed decisions.
Whether you’re getting started with rentvesting or looking to grow your investment portfolio, we’re here to help you explore loan solutions tailored to your needs. Contact us today to discuss your options and take the next step in your property investment journey.
At Ausfirst Lending Group, you are our top priority. We are dedicated to providing comprehensive assistance from start to finish, not just because we are legally obligated to act in your favour, but because we genuinely want to ensure your success.
We focus on your objectives and requirements and combine deep industry knowledge with a strong commitment to finding loan options that truly align with your financial needs. We simplify the entire loan application process by assessing your borrowing capacity, organising documentation, and negotiating terms on your behalf, all while securing the most favourable outcomes for you.
One of the key benefits of working with Ausfirst Lending is our access to a diverse range of lenders. Instead of presenting just one option, we assess a broad array of options according to your financial needs. This allows us to tailor solutions that match your specific goals and circumstances, ensuring you get the best possible outcome.
Rentvesting is a property investment approach that involves purchasing an investment property in an area that fits your budget while continuing to rent in a location that aligns with your lifestyle needs. This strategy could help individuals access property ownership without being solely limited by high home prices in certain suburbs. Depending on various factors, rental income from the investment property may assist with mortgage repayments and expenses, though financial outcomes vary based on market conditions and individual circumstances.
Rentvesting could provide a way to enter the property market while maintaining lifestyle flexibility. However, it's important to consider whether it aligns with your financial situation and long-term goals. A carefully planned investment may provide rental income and potential capital growth, but individual outcomes can vary.
It depends on your financial circumstances, goals, and lifestyle preferences. Rentvesting may offer flexibility and investment opportunities, while homeownership may provide long-term stability and the ability to personalise your living space. Evaluating your priorities and financial situation may help you determine which approach is more suitable.
Yes, but securing a larger deposit, such as 20%, may help you avoid Lenders Mortgage Insurance (LMI) and reduce borrowing costs. A mortgage broker could assist in exploring loan options that may suit your budget and financial situation.
Generally, investment properties are not eligible for First Home Owner Grant (FHOG) benefits. However, other financial advantages, such as potential tax deductions and capital appreciation, may be available depending on your circumstances.
Investment properties may be eligible for tax deductions on mortgage interest, depreciation, maintenance costs, and property management fees. Negative gearing could also provide tax benefits if the expenses exceed rental earnings. Consulting with a tax professional may help you understand how these factors apply to your situation.
Vacancies can impact cash flow, so having a financial buffer may help cover expenses during periods without rental income. Choosing a property in a high-demand rental area may reduce this risk and improve the likelihood of a more consistent rental return.
Ausfirst Lending Group is proud to be recognised as a finalist in the 2024 Sunshine Coast Business Awards under the Professional Services category, showcasing our commitment to excellence and dedication to serving the community with integrity and expertise.
We don’t just find you a loan that fits; we aim to get one that exceeds your expectations in terms of rates, options, and service.
We work with over 40 lenders, including big banks and non-bank lenders, giving you unparalleled mortgage choice—you have plenty of options to choose the most suitable home loan for you.
Our team is dedicated to guiding you throughout your homeownership journey, whether it’s securing your first home or an additional investment property. We provide ongoing support, including a 6-month review process to keep your loan competitive.
Every mortgage broker on our team has over 10 years of industry experience, ensuring expert advice every step of the way.
We tailor home loan solutions that prioritise your best interests, not the bank’s.
Our entire process is transparent and easy to understand, making the entire journey hassle-free.
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