Investor borrowing rises 35.4%

1 October 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’ll be happy to run some numbers for you.

Source: © Aussie Expat Home Loans

You May Also Like...

Let us help you on your Journey

Speak to our experts today

THANK YOU!

We'll get in touch with you shortly

Oops! Something went wrong while submitting the form.