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Investment Home Loan Frequently Asked Questions

If you haven’t used a finance broker before, you probably have some questions. Let’s help you get some answers.

How do I know if I can afford an investment property?

To decide if you can afford an investment property, you’ll need to first assess your current financial situation. This will include assessing your income, debt, and current credit score. You’ll also need to think about your future financial goals and what you’d like to achieve.

At Oceania Finance, our team of dedicated mortgage professionals are able to assess your financial situation and advise you if it is the right time to invest in the property market. Contact us today for a free consultation.

Can I use my super to buy an investment property?

It may be possible to use your super fund to buy an investment property if you have a self managed superfund (SMSF). However, because there are strict rules and regulations around using a SMSF to purchase an investment property, it’s important to consult with your financial adviser or the Australian Taxation Office (ATO).

Can an investment property be owner occupied?

An investment property can become owner occupied if the investor/owner decides to move into the property and make their primary residence. You will need to inform both your lender and the ATO (Australian Taxation Office).

If you are considering changing your property from investment property to owner occupied, it can be useful to consult a mortgage broker. A mortgage broker, like our experienced team at Oceania Finance, can assess your current loan situation and ensure you are getting the best rates and terms for your circumstances. Contact our team today!

Do you pay more interest on an investment property?

Generally, borrowers may pay more interest on an investment property compared to a primary residence. This is due to the higher risk factors associated with investment properties.