Do I need a deposit?
A cash deposit is not necessary when you have sufficient equity in your family home. This allows you to borrow the full amount plus costs.
I thought investment property was for high income earners?
In Australia, some 70% of property investors are on a combined gross income of around $85,000 (or less) for couples and for singles a gross of $65,000 is usually sufficient. Over 80% of all millionaires in this country have become so via real estate. See below.
What if too many people get into investment property?
Some 30% of all people in Australia rent and this figure is growing and renters are renting for longer and as we concentrate in growth areas (with higher rates of renter demand) the shortfall of housing is set to continue for many years to come. See below.
What if interest rates rise?
That is most likely to happen as they are at historic lows, so we build in an allowance for that and in 2017 banks and other lenders introduced stricter qualifying criteria for investors than owner occupiers in order to allow for future rate rises. In March 2018 there was some speculation that this may ease back to normal around mid year, and by November 2019 major lenders are more flexible in their lending policies.
How can I protect myself against bad tenants?
At HLH we automatically build in two important investor protection packages, being:
A. Landlord Protection Insurance which protects you and your property from the negative consequences of having a bad tenant.
However, via our specialist property management structures that risk is almost eliminated as tenants are selected against strict protocol and quarterly inspections to minimise that risk. Plus the latest computer programs monitor rental payments DAILY.
B. Income Protection Insurance is also included to ensure your tax deductions against your income do not suffer if for any reason your are out of work for any period.
What do you charge for your service?
There is no cost to you for our service at any stage, we receive a payment from the builder of the property so our services to you are free.
Who builds the HLH properties?
We have built up a small and carefully hand selected group of the finest builders providing owner occupied quality to investment property buyers to bring to you the finest investment property package we can. See the "Investor Information" page for more information.
Is your finance competitive?
Short answer, of course. In our consortium we have selected finance consultants and advisers of the highest quality with many years experience and expertise to bring to you the very best financial package we can to ensure your financial circumstances will be better off with our package.
This includes self employed, business owners and ABN holders who are often forced into inferior finance packages and refinance, remortgage and debt consolidation strategies as well as SMSF options and JV or tenants in common arrangements for parents wanting to assist their children gain access into the property market.
Do you recommend or provide suitable legal services?
Yes, we have highly experienced investment property settlement lawyers and if introduced to you they become your lawyers for the Land Purchase, Build Contract (sometimes one Contract covers both areas) and financial settlement process and act strictly on your behalf.