Buying an Investment Property

Buying an investment property

From planning for your retirement, to building your wealth or getting onto the property ladder, there's many reasons why investing in property is a good idea. Whether you're looking to buy your first investment property or you've purchased one before, we've got a range of investment property loans to suit your needs.

Tips for investing in property

Get professional advice

This will give you the financial confidence you need to avoid any costly mistakes.

Work out your income and expenses

Make sure you’ve considered how you can afford to cover your expenses and make your repayments if your investment property doesn't rent short term and long term.

Know where to buy

Look out for high growth areas and properties close to public transport, schools and local amenities.

Choose the right property

Unlike the house that you're living in, looking for a property with low maintenance and upkeep will help you save on ongoing maintenance fees. Also weigh up the costs of any repairs that need to be made to the property before you buy.

Choose the right investment property loan

Whether you intend to hold on to your investment property short term or long term, make sure the loan type you choose fits in with your investment loan strategy.

Step 1: Determine how much you can borrow

As an investor, typically your financial situation will be a little more complex. It’s probably best you work with your bank and financial advisor to fully understand your borrowing power and the right investment property loans for you.

Understand other costs

As you may already know from buying other property, there are additional expenses that you’ll need to cover. Some of the main costs are:

Stamp Duty

Use our Stamp Duty Calculator to work out how much stamp duty will be payable on the purchase of your home.

Lender’s Mortgage Insurance

Required if you have less than 20% home loan deposit.

Legal fees

For completing conveyancing and title searches on your home.

Building & Pest Inspection

A report on the structure and condition of your home.

Property valuation

An independent valuation of your home.

Step 2: Finding your investment property

Step 3: Choosing your investment property loan

Choosing the right investment property loan will help you make the most of your investment. Our home loans have a range of useful features to add flexibility to your home loan, from making interest only repayments to having a low interest rate.

Choose between the flexibility of a variable rate or the certainty of fixed loan repayments, or combine both options.

A great way to reduce your repayments and ensure they can be claimed as a tax deduction.

Useful for having funds available when you need it to make maintenance repairs and other expenses that may come up.

The ability to draw on your funds in case you need it.

Schedule weekly, fortnightly or monthly repayments in line with your rental income.

Compare interest rates using the comparison rate, which takes into account any ongoing fees which make up the overall cost of a loan.

Compare interest rates

Popular home loans for property investors

Take the guesswork out of choosing your home loan with our most popular investment property loans.

Discount 3 year fixed rate⁵

Know what your repayments are for peace of mind

Fixed Rate Home Loan

A fixed rate home loan gives you certainty for up to 5 years without worrying about potential interest rate rises.

Owner occupier and investor options available
Great interest rates across our range of terms
Principal and interest, or interest only repayments

Learn more Apply now

Save with our lowest home loan interest rate

Economy Variable Home Loan

Getting a cheap home loan doesn't mean you have to compromise on its features.

Owner Occupier and Investor options available
Free redraw
Unlimited additional repayments

Learn more Apply now

Our most popular low rate loan, packed with features

Clear Path Variable Home Loan

If you're looking for a fully featured, cheap home loan with a low rate, our Clear Path Variable Rate Home Loan is for you!

Owner Occupier and Investor options available
Mortgage offset
Flexible repayments

Learn more Apply now

Step 4: Buying your investment property

Once you've found the perfect investment property and you've agreed on a price with the seller, it's time to apply for a home loan. Why not have a chat to one of our home loan experts today to start the process? Typically applying for an investment home loan will entail:

Loan application - we’ll guide you on all the necessary information and documentation you need to complete your loan application
Loan approval - this is where we call you with the news you’ve been eagerly waiting for and prepare your loan contract
Loan settlement - the day you can really celebrate and we finalise the purchase of your investment property

Buying an Investment Property

Show me