Using equity to build wealth through property investment
Unlocking the equity in your home can be an effective way to assist in purchasing a rental property to help build your wealth. Residential investment properties can be a popular investment, having the potential to provide investment security, capital growth and rental income. There may also be tax advantages. Negative gearing and depreciation allowances are also popular ways to reduce your tax liability, especially at the end of the financial year. You should consult your financial and taxation advisers before determining if this strategy suits you.
If you haven't already invested in property, making a start may be easier and more achievable than you think. The key factor is getting the right advice to help ensure you make the right decision about your loan. ANZ has a full range of residential investment loans, which cater specifically for the needs of residential property investors. Don't be confused, talk to ANZ first.
What if I'm still paying off my home?
Provided you have substantial equity in your home, you may be able to release funds to start investing sooner. Remember, it’s not just about reducing the amount you owe on your home that increases your equity, if the value of your home has risen since you bought it, your equity is likely to have increased.
Learn how one family accessed their equity with ANZ to realise different dreams.
