Australian Mortgages
#1
BE Enthusiast
Thread Starter
Joined: May 2004
Location: Milton Keynes, England
Posts: 327
Australian Mortgages
Does anybody know if there is the equivelent of buy-to-let mortgages in Australia ? I'm looking to buy a couple of properties as investments and want to investigate the mortgage possibilities there.
Thanks
Chris
Thanks
Chris
#2
Banned
Joined: Sep 2005
Posts: 316
Re: Australian Mortgages
Its one of the biggest industries in the country-more Sydneysiders own a second property than any other group on earth
Originally Posted by eintracht
Does anybody know if there is the equivelent of buy-to-let mortgages in Australia ? I'm looking to buy a couple of properties as investments and want to investigate the mortgage possibilities there.
Thanks
Chris
Thanks
Chris
#3
Forum Regular
Joined: Feb 2005
Posts: 90
Re: Australian Mortgages
Originally Posted by eintracht
Does anybody know if there is the equivelent of buy-to-let mortgages in Australia ? I'm looking to buy a couple of properties as investments and want to investigate the mortgage possibilities there.
Thanks
Chris
Thanks
Chris
Yes they are called Investment Property Loans, make sure you have an interest only loan if you have a taxable income, its much more tax efficient because you can claim all costs associated with the property as a tax deduction. If you buy a pen to write out receipts for $2.00 then make sure you claim it as a deduction. You must get a good accountant, they are well worth the expense.
http://www.westpac.com.au/internet/p...Property+Loans