Property Investment Blog

New call-to-action
All Posts

6 Tips for Saving for a Deposit

One of the largest outlays you will have when you buy your next investment property is the deposit.

This blog gives you some quick ideas to help you save more efficiently if you are using a cash deposit.



 

If you are growing your property portfolio, you can use genuine savings, gifts from family members, your SMSF, investments in shares or equity in other properties towards your deposit.

The exact amount you will need to save for a deposit will depend on several factors, including:

  • How much you can afford to pay regularly in interest repayments
  • How high your loan to value ratio (LVR) is
  • The type of loan you apply for and
  • The lender you choose

Here are some tips to help you add to your savings more efficiently.


6_questions_on_saving_for_a_deposit-1.png

New Call-to-action


James Lawrence
James Lawrence
James is the Marketing Manager at Real Estate Investar and has been with the company for over 10 years.

Related Posts

Cash Rate Remains Unchanged at 4.35%

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.

The Responsibilities of a First-Time Property Manager

Property management is often the heartbeat of a real estate agency, and property managers play a critical role in both looking after properties and landlords, as well as managing tenants.

3 things you need to know before buying a distressed property

Buying a distressed property can be a good way to secure yourself a better deal, however, these types of properties are often going to come with a few strings attached that you need to be aware of.