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Buying your first investment property
Useful tips for your first property investment
Advance on the property ladder
According to the ATO, more than 2.2 million Australians* have chosen to invest their money in property. And if you’re reading this, you’re already well on your way to joining them.
Whether you're looking to generate passive income, build long-term wealth, or secure your retirement, property investment can be a rewarding journey. This guide to your first investment property will take you through the basics of property investing, from what to look for in a potential investment to how to manage and maintain it.
Steps to buying an investment property
Define your goals
Determine your investment approach and what you hope to achieve.
Learn more
Get your finances in order
Understand your borrowing capacity and existing equity position.
Learn more
Do your research
Research locations, property types, and market trends to find the right investment property for you.
Learn more
Tax implications
Understand tax implications and depreciation benefits.
Learn more
Manage the property
Find tenants, handle maintenance, and maximise your returns.
Learn more
Step-by-step guide
Define your goals
Determine your investment approach and what you hope to achieve.
Learn more
Get your finances in order
Understand your borrowing capacity and existing equity position.
Learn more
Do your research
Research locations, property types, and market trends to find the right investment property for you.
Learn more
Tax implications
Understand tax implications and depreciation benefits.
Learn more
Manage the property
Find tenants, handle maintenance, and maximise your returns.
Learn more
Learn the lingo. Investing essentials
If you plan to buy your first investment property, there are some key terms and concepts you need to be familiar with.
Deciding whether to focus on long term capital gains or short-term rental yield depends on your financial position and goals. It’s always a good idea to sit down with a financial advisor to discuss your property investment strategy.
It’s a good idea to talk to a quantity surveyor to understand exactly what you can depreciate on your property. They can produce depreciation schedules that will help make your claim easier at tax time. Learn more.
So, is this a bad thing? Not if you expect to offset your losses with a capital gain as the property’s value increases over time. And in the meantime, your investment loss reduces your taxable income and therefore the amount of tax you need to pay. Learn more.
For some, this is the compromise that allows them to live the life they want while using spare funds to build equity in their investment property. However, there are some tax implications to this arrangement that you should understand, so it’s best to sit down with a financial advisor before buying. Learn more about different investment strategies.
All owners in the scheme are required to pay levies. Levies are usually charged quarterly and sometimes on an annual basis and go towards the administration and upkeep of the scheme and any required works, scheduled or emergency.
Property managers can save you a great deal of time and stress, but they are an extra expense and quality of service can vary considerably, so it’s important to do your research.
Our team of experts at Frasers Property Management can manage any residential investment property and take care of every aspect once you’ve found the right property. We operate Australia wide, managing investment properties for clients all over the country. We manage any type of investment property, not only those purchased from Frasers Property.
Tax Implications and Benefits
Tips for first-time property investors
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*The statistics referenced on this page are effective as of the publication date, based on data from the third-party link provided. All opinions, estimates, forecasts, links to external websites, conclusions and recommendations and underlying assumptions contained within this webpage are made and expressed by Frasers Property Australia in good faith, in the reasonable belief they are correct and not misleading as at the date of publication. This publication and its content do not represent financial or other professional advice and should not be regarded as such. Before acting on any information provided, you should fully consider the appropriateness of the information, having regard to your objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.