Guide for Investors

GET STARTED from as little as $500 per month! Read more below.

For VIC, have a look at this file: Investors (vic).pdf

For NSW, have a look at this file: Investors (nsw).pdf

For QLD, have a look at this file: Investors (qld).pdf

Already own a home and thinking about buying an investment property?    There is no time better than now.  Read through this page and see how little it will cost you to start investing in property.  Take advantage of tax benefits and rental to minimize your monthly repayment and give yourself every opportunity to gain some capital growth from your investment!

Don’t have the deposit?  Talk to us and we can explore some options. 

Stamp Duty savings? If you buy off the plan, then you are entitled to stamp duty savings. This reduces your upfront contribution.

Buy New vs Buy old? Not an easy question to answer, depends on your position.  We need to consider the stamp duty relieve you get by buying new, the depreciation benefit, rental yield of new vs old & lastly, capital growth versus stable rental yield. These are things that you need to consider.

We have developed a comprehensive table showing you:

1. -How much you will need to contribute upfront (based on the amount of deposit you have)
   

2. -The ‘effective’ monthly repayment you need to make after taking into consideration rental yield & possible tax refunds
   

3. -For example, if you are in VIC and you buy a $300,000 property, based on your marginal tax rate of 38%, rental yield of 4%, 10% deposit & possible tax refund, we estimate that your effective monthly payment is only around $496 per month! (and this does not include potential depreciation benefits which will lower this further!)
   

4. -Assumed 8% interest rate
   

5. -Effective tax rate of 38%
   

6. -Rental yield 4%
   

7. -For a $400K purchase, with 10% deposit, you would need to pay approximately $660/month
   

For VIC, have a look at this file: Investors (vic).pdf

For NSW, have a look at this file: Investors (nsw).pdf

For QLD, have a look at this file: Investors (qld).pdf

In short, you can see that it won’t take much to become an investor! Email us for a comprehensive discussions around what you need to do and which bank lending product best suit your investor goals.

Note - opinions expressed are that of Smile Mortgages. Please verify and consult with your accountant or financial planner prior to making any investment decisions.