Articles

Investor borrowing rises 35.4%

1/10/2024

Property investors committed to $11.71 billion of home loans in July 2024, which was the second-highest month on record, according to the Australian Bureau of Statistics.

It was also 35.4% higher than in July 2023, showing the enormous growth in investor activity during that time.

Here are five reasons why so many Australians consider property investing a great way to build wealth:

• Capital growth

  : Property prices have increased significantly over the long-term.

• Rental income

  : The income you collect from your tenants can contribute to paying off your mortgage.

• Tax benefits

  : You can potentially reduce your taxable income if your expenses exceed your income.

• Diversification

  : Property can balance out any shares you may own through your superannuation.

• Flexibility

  : Once you’ve accumulated enough equity in your investment property, you can use that to fund the deposit on another property.

As you can see, property investing has a lot of potential benefits. If you want to know more, I’d be more than happy to run some numbers for you.