21 Mar 2023

What Happens When You Buy Several Properties

Buy a 2nd Home

If you are an existing homeowner who is interested in purchasing another property, you may be wondering what happens when you buy several properties. When you buy several properties in Australia, you will be viewed as an investor in the eyes of the government. 

Whether you are looking to purchase a vacation home or a property for your children, once you purchase several properties, your investment portfolio begins to grow. As an investor, you will have access to increased borrowing capacities and favourable loan terms, which include interest rates. 

As we mentioned previously, when you buy several properties, you become an investor in the eyes of the Australian government and begin building your investment portfolio. Your portfolio does several things, including increasing your borrowing capacity as well as imposing a financial risk because accumulating debt can be a risky situation for borrowers.

If you decide to purchase a multi-unit property, you will continue to build your investment portfolio. However, these types of properties can pose a risk to you and your mortgage provider if too many units remain vacant. An investment portfolio is a great way to build wealth, however, it will become a balancing act and comes along with several responsibilities. 

What Happens When You Buy Several Properties Conclusion

When you buy several properties, you become an investor in the eyes of the Australian government. Purchasing several properties will increase your investment portfolio which can result in increased borrowing power and access to favourable loan terms. If you are interested in learning more about growing your investment portfolio, you can reach out to Mortgage House for further information and helpful assistance.

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