Getting started in investment property.
Investing in residential property requires careful consideration and isn’t for everyone – but it’s an option that can offer significant benefits.
- A bricks and mortar investment with rental income.
- Leave a nest egg for your family.
- Provide a cashflow to help fund part of your retirement.
- Use the equity in your current property to help you get your next one.
When working out if you can afford to buy an investment property, consider the ongoing costs – such as loan interest (including any applicable low equity margins), property management fees (if you don’t manage the property yourself), property insurance, insurance for yourself, repairs and maintenance, and council rates. Take a look at the potential costs on the 'Do the maths' page.
Achieving your goal
Before investing in property, consider the goal you want to achieve. It could be:
- To set yourself up for a longer term goal or retirement
- To pass a property down to your kids while making money in the meantime
- To generate an income from the property today or in the future
- To make gains in the short term or long term.
Once you’ve done your initial research and have a goal in mind, talk to a range of experts you trust about the best way to achieve it. This could be a Mobile Mortgage Manager, your lawyer, your accountant, a financial adviser and a trusted real estate agent.
Get in touch.
Meet with an expert
Our Mobile Mortgage Managers can come to you, when it suits you best.
Talk to us
Call us any time from 8am - 6pm weekdays, 9am - 3pm Saturday.
Make an appointment to talk to a home loan expert in branch.
Things you should know.
1 Conditional approval requires a credit check and confirmation of the details provided in your application. Other conditions may also apply depending on the nature of your application.
The material on this webpage is provided for information purposes only and is not a recommendation or opinion in relation to property investments or home loans. The information on this webpage does not take your particular financial situation or goals into account.
Interest rates are subject to change. Westpac's home loan lending criteria and terms and conditions apply. An establishment charge may apply. A low equity margin may apply. An additional fee or higher interest rate may apply to home loans if the application is accepted but does not meet the standard lending criteria.