End of financial year property decisions

End of financial year property decisions

At this time of year thoughts turn to finances, so could this lull before the busy spring property season be the perfect time to plan to buy or sell?

You are probably already taking advantage of this number-crunching time of year to assess your financial position. But while getting your finances in order, why not take some time to think about your property investments and how they might perform over the coming year? 

We take a look into ways you could use your investments to help reach your financial goals over the coming year. 

How are your current properties performing? 

End of financial year (EOFY) could be the perfect time to evaluate your investment portfolio, review your plans and examine if your hard-earned cash is working for you. Our free online investment hub My Wealth helps you keep track of your property investments.  You can access and monitor the estimated value of your properties, as well as properties for sale in your neighbourhood and across Australia.

If you’ve identified any under-performing assets, you may be re-evaluating your options. On the other hand, perhaps one of your properties is exceeding expectations, prompting you to consider investing your money in another?

If you’ve identified any under-performing assets, you may be re-evaluating your options. On the other hand, perhaps one of your properties is exceeding expectations, prompting you to consider investing your money in another?

Thinking about buying another property? 

Our Home Finance Index report revealed that next-time property buyers took out 86.3% of all home loans in Australia in the twelve months from January 2013 to January 2014. 

The research also revealed that investment properties are most popular with next time buyers, with close to three in five (58.0%), planning to buy an investment property.

One way you could plan to start an investment portfolio is with the equity you have built up in your home loan. If you have the option, you may be able to use the equity you've built up in your home to purchase an investment property. 

Whatever you decide, EOFY may be an opportune time to consider all your options and plan your next property move.    

Our lending specialists can help you plan the next step in achieving your property goals. Make an appointment today.

Things to know before you Can: The advice contained in this article is for general information purposes only and may contain general advice. It has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances. Commonwealth Bank of Australia ABN 48 123 123 124.