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You should ensure your rental property loan is set up with a buffer of three months to provide flexibility in case of unforeseen circumstances such as illness or unemployment. In the event of being unable to service your mortgage, selling the property may be a viable option. Moreover, income protection insurance or personal trauma insurance can help safeguard your income.

Residential property denotes a domicile, townhouse, flat or unit leased out to a third party and not occupied by the proprietor. Such assets can generate rental income which may be directed towards expediting mortgage repayments on the proprietor's residential home loan.

You can use your home's equity as a security and borrow money from the bank to purchase an investment property. The bank usually lends up to 80% of your home's value minus your remaining debt. If you get Lender's Mortgage Insurance, you can borrow more than 80%. Our experts will guide you through the process.

Investors can generally access the same types of home loans and features as owner-occupiers. However, some lenders may charge higher interest rates for investment properties due to higher risks.

New homes are easier to rent out and require less maintenance. When you buy a new house and land package, you can lower your taxes by claiming depreciation on the construction cost over 40 years. This leads to lower holding costs and more savings in the long run. IP suggests buying new homes, and our affiliates have affordable new homes in Australian suburbs that offer high returns for investors.

At the outset of our partnership, we undertake to secure a tenant for your property through our carefully vetted Real Estate Partner.

Prior to completion, the partner will be granted access to the building to identify potential tenants. This process ensures that when you take possession of your investment property, you will already have a return on your investment.

All our plans have undergone a thorough assessment to ensure that they are furnished appropriately and that each room has a livable size.

• We allocate a client liaison to your project, who will provide regular updates, including photos and information about what comes next.

• Additionally, we can provide a Building Inspector, which is usually not necessary, but can provide extra peace of mind.

The builder will typically request payment at five to six stages, also known as progress claims, throughout the construction process. These stages include:

• Deposit
• Slab Down
• Brickwork Completed
• Roof Cover
• Lockup Stage (when all doors and windows have been installed)
• Practical Completion Inspection (PCI), which occurs approximately 10 days prior to handover of your investment property.

The housing market experienced a surge in activity during the grants period and was also impacted by measures implemented by Australian states.

However, with borders reopened, there are currently no significant supply issues. Trades are also becoming more available. Regarding construction timeframe, it is currently estimated to take a 9 months, with the possibility of improving, once the couple of trades which remain in high demand are back to normal.

Depending on which builder we use, Construction typically starts between 90 to 120 days after the paperwork is signed and Formal Finance Approval received. Cash purchases can reduce this timeframe by about 2 weeks.

• Land Contracts can be sent quickly, mostly within 2-3 days
• House contracts, can take between 3 days and 3 weeks