Investor Borrowing Rises 35.40%

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

If you think you might like to run some numbers together to see if purchasing an investment property is suitable for you, please get in touch.

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