Property – it’s the talk of the town.

Most of us view property investment as a long-term financial goal. In our first article, we look at the pros and cons of investing in property and some of the costs and considerations involved.

Have you thought about what you would do if interest rates rose by 2.5%? Banks usually factor in a buffer so if interest rates were to rise you would still be able to pay your mortgage. Understand why interest rates increase and how it could impact your mortgage repayments.

Property certainly is a hot topic right now, especially given the value of property has rebounded so strongly after COVID. With interest rates at an all-time low, it’s important to ensure you have all your ducks in a row, so here are a few measures you can put in place before purchasing a property.

Savings accounts and transaction accounts are not one and the same. Savings accounts generally have a more competitive interest rate, and you could save your money sooner if you have a financial goal. Find out more about savings accounts and what you should compare before opening one.

Please contact us on 07 3340 5117 if you would like to discuss.

Regards

Cornerstone Advice

Property investment

Buying and managing an investment property.

Tont Evory Pty Ltd ABN 84 150 082 062 trading as Cornerstone Advice is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706.

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