Top finance tips for property success in a low rate environment

By Staff Reporter

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.

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Episode 87: BONUS EPISODE: Former Olympian shares his property development know-how
Episode 86: How a former Olympian found new sport in property development: Ed Fernon's success story
Episode 85: Q&A session with Paul Glossop – more questions answered!
Episode 84: 'How I overcame dodgy builders to manufacture $100k in equity in less than a month'
Episode 83: BONUS EPISODE: Top Aussie broker’s tips for surviving changes to mortgage lending
Episode 82: The investment strategy that could allow this 32-year-old to retire TODAY
Episode 81: BONUS EPISODE: Secrets of the Perth market uncovered: invest now or wait?
Episode 80: Q&A session: SPI answers all your burning questions
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