Whether you want to generate income or build wealth, our investment property loan broker in Newcastle can help you select a fit-for-purpose product.

Why do you want to invest? What’s your motivation behind putting your money into property?

These are the first questions we ask when you engage us as your investment home loan broker. It comes before any discussions on your financial situation as it helps us understand what you’re trying to achieve and dictates how we approach our advice.

Once we know your reasons for investing, we help you understand what’s possible, including your borrowing capacity, loan structures and repayment strategies. We then present the most fitting product and approach to help you achieve your property investment goals.

Investing your hard-earned money requires a well-structured loan with terms that meet your short, medium and long-term needs. With access to over 40 reputable lenders and hundreds of products, we ensure this happens so you can feel confident in your investment decision.

Our investment home loan lenders

Did you know that there could be tax benefits associated with owning a rental property, such as being able to deduct interest?

FAQs—Investment Home Loans

When applying for an investment home loan, you have two main options: interest-only and principal and interest home loans.

Interest-only loans delay the repayment of the borrowed amount (the ‘principal’) for a fixed term, usually three to five years. During this time, you only have to pay the interest on your loan, not the principal.

Principal and interest loan repayments include both the principal and interest in the repayments. This means you’re paying off the property, not just the interest.

The investment home loan process takes approximately 2 to 6 weeks, depending on the structure of your existing home loan and the lender we seek finance through. Documents you need to provide will depend on your personal circumstances and may include:
  • Bank statements
  • ID – driver’s licence, passport, birth certificate
  • Recent financial liability statements (e.g. home loans, credit cards)
  • Two most recent pay slips
  • If you’re self-employed – your last two years of personal and business tax returns and ATO assessments, including P&L statements.
  • Any details of the property you’re purchasing, if already known (e.g. a copy of the sale contract), and any rent appraisal

Having the right insurance is essential to protecting your assets. The main types of insurance we recommend for investment properties are:

  • Landlord insurance
  • Home and contents insurance

Depending on your circumstances, you may also need lenders mortgage insurance. We also recommend considering life insurance and income protection.

The main factor in this is usually supply and demand. It’s important that you have enough money in the bank to cover your investment home loan repayments if you’re tenant free for a few months.

To encourage renters, you can up your advertising, ensure your property is clean and well-maintained and consider allowing pets.