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BUY TO LET, perks of an investment property

By Danielle Banton

The buy to let market is becoming increasingly popular in Sydney’s lucrative property industry. If you are a savy investor you will know renting out a property assists you in paying off the mortgage, while the property steadily increases in value…

What is so great about it?

  1. The mortgage pays for itself (or at least a large portion of it).
  2. The investment grows at the current property growth rate.
  3. It’s hassle free if you have the right Property Manager.
  4. Once the mortgage is paid off, the property becomes a consistant monthly income.

‘ When purchasing an investment property, it is vital you understand the current market and the mortgage you are going for’ says Michael Krimotat Director Ray White Double Bay, it is worth getting help from an agent or property manager who knows the area as well as the right mortgage broker.

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