How to buy a home and become an investor (on a $40k salary)
Many Australians think they can't invest in property because of their income bracket. We're here to show you some ways that many people get ahead.
Interest rate structure
$50k - $5mCalculate how much you can borrow
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
100% offset account available at $10/month. You may be eligible for a 0.07% discount after 5 years of good payment conduct; speak to your credit representative for more information. Add 0.10% to waive upfront fees ($1,287) on loans over $200k.
Reduce Home Loans is 100 per cent dedicated to home loans, offering no other financial services. It’s also primarily online, and this simple business model helps Reduce Home Loans keep running costs down and deliver low interest rates.
This Australian owned and operated lender only opened in 2010, so it’s a relative newcomer. However, Reduce Home Loans has won many business awards since, including Money Magazine’s cheapest non-bank home loan in 2016, 2017 and 2018.