Michael Luca

7 tips to make your property investment dream a reality

By Michael Luca

Could this advice help you overcome those roadblocks and propel you into property investment?

Blogger: Michael Luca, founder and director, Love Home Loans

I’m a mortgage broker and every day I talk to people who want to borrow money to buy property.

For some, being a property investor seems like a pipe dream – they just can’t save enough for a deposit and the longer they wait, the more the properties increase in price, so they feel trapped.

If you’re in this position, here are some tips:

1. Talk to someone who can work through your numbers with you and come up with a plan. This could be a mortgage broker, property investment adviser, accountant or financial planner. They’ll help you see exactly how much you need to save for the deposit and how much you need to service your loan. It may be less than you think!

2. Take a look at where your money is going now and block any leakages.

3. Set up direct debits to occur on payday from your everyday bank account into an interest-earning savings account.

4. Pay off debt, especially credit cards. The interest you pay on these is just dead weight!

5. Talk to your parents and see if they can help you with your deposit.

6. Team up with a like-minded mate and see if you can pool your resources to buy a property together (but make sure you seek legal advice and draw up a contract before you buy anything).

7. Create a plan and work to it.

Without knowing where you’re heading and how you plan on getting there, it’s likely that you’ll stay stuck or going in circles.

Once you have your plan, it’s time to do some research on the market you plan on investing in. Make sure you keep your eye on new developments, council plans, the amount of properties available for rent and their price point. You can start by being a passive observer so that you’re ready to go when your finance is sorted.

Some people claim that they spend less on their investment property each week than they spend on their lunch every day at work.

What could you be doing differently to make it happen?


7 tips to make your property investment dream a reality
SPI logo

About the Blogger

Michael Luca

Michael Luca

Michael has been helping people arrange finance for their property ownership dreams for thirteen years, and founded Love Home Loans in 2012.

His mission is to help his clients achieve financial security. Sometimes this requires creative thinking, sometimes sheer tenacity – but however he has to do it, he gets it done in an open and respectful environment.

Michael will always strive to get the best result for his clients no matter what they need.


Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
BLUE BAY 49.18%