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Top finance tips for property success in a low rate environment

By Staff Reporter
0

Paul Myliotis, general manager, Oasis Property

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In terms of planning for interest rate increases, there's a few things we have to put into place. The first thing is budgeting. So accelerating your repayments for non-deductible debt is a must. If you don't have any non-deductible debt and it is deductible, try to accelerate your payments into an offset account so that you can plan for that rainy day. It's very important. Things are really good at the moment, rates are low so you must plan for a rainy day. The second is interest rates are the lowest they have been, particularly fixed rates, in history. So planning to fix a portion of your loan should 100% be considered by everybody.

Listen to other instalments of The Smart Property Investment Show:
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
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