For example, if your home is worth $1m and you owe $500,000, then your useable equity is $300,000 ($800,000-$500,000).
If you want to get an idea of what value investment property you can purchase, a simple rule of thumb is to multiply your useable equity by four, e.g. $300,000 x 4 = $1.2m.
Investing in property is more achievable than you might expect – in fact, it can work out at less than just $100 per week. Here’s some more reasons why you may want to consider investing now:
Meeting with a St. Dane Business Development Manager is a great opportunity to have all your property questions answered by a professional. Questions such as:
Armed with this knowledge, you can start to make informed and confident decisions about your financial future.