Despite disruptions to Australia’s economy in recent months, and the potential for further uncertainty in the immediate future, some property investors may instead be thinking about the longer term. With property often showing its value as an asset over a longer period than other investments, it’s important to consider whether your investment mortgage not only suits your needs now, but is likely to continue to do so in the future.
If you’re one of the many property investors in Australia on the hunt for bargain loans, it’s important to compare the options available to you. To help you quickly compare mortgage offers, whether you’re investing for the first time or refinancing, you can look at the top-rated mortgage offers on RateCity’s Home Loan Leaderboards.
Best variable rate home loans for investors
Variable rate home loans often offer flexibility, which can appeal to many investors. While it’s not certain whether variable rates may rise or fall in the future, you may appreciate being able to quickly change your mortgage situation, whether that involves accessing money from your offset account or redraw facility, or quickly refinancing to a lender that better suits your needs.
Best interest-only investor home loans
Interest-only home loan repayments traditionally appeal to property investors, as these lower repayments can help to minimise monthly costs and maximise rental yields while you wait for the property’s value to increase. Additionally, with many investors in a relatively precarious economic position due to the COVID-19 pandemic and recession, switching to an interest-only mortgage could help to relieve some of the extra financial pressure for a limited time.
Best fixed rate investor home loans
In uncertain times, property investors may welcome a touch of stability. Fixing your mortgage interest rate for three or five years can help you to lock in low repayments, for simpler budgeting. And with mortgage lenders slashing their fixed-rate deals in recent months, there are plenty of potential options to choose from.
3-year fixed rates
5-year fixed rates