How to capitalise on record lows for interest rates

The Reserve Bank recently cut interest rates by 0.25% down to 2.75% and it may be a further rate cut could materialise before year’s end.

With this being a record low for Australian interest rates it is certainly positive news for home owners and property investors.

This reduction may see increased interest in the property market for both residential and investment properties.

As interest rates hit record lows and rental yields around 5% pa or more investment property has never been more affordable for Australians.

It is now possible to secure a fixed 3 year interest rate for an investment property at under 5% pa.

This means if you’ve been considering investing in property but were waiting for the right time – the right time might be now.

Using super to buy an investment property

Due to a relatively flat residential property market over the past five years, and a push by major banks to lend to superfunds to borrow to purchase property, is likely to see a lot more activity in the property market.

Azure Group can assist finding a suitable lender to purchase your investment property, structuring the arrangement for the best possible tax benefits and advise on how to use your super to borrow and invest in an investment property.

For more information, please contact Azure Group Wealth at ourteam@azuregroup.com.au or (02) 9238 1188.

DISCLAIMER/WARNING – GENERAL ADVICE ONLY

The information provided in this article is General Information only, so does NOT take into account your objectives, financial situation and needs.

Before acting on any information contained in this website you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs.