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Top finance tips for property success in a low rate environment

By Staff Reporter
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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 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
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