Scouting Australia Podcast
How Much Do You Need to Get Started Investing in Property?
Aug 4, 2024
Luke Teeuwsen, an APS Strategist specializing in property investment, joins Sam Gordon and Jimmy Ibrahim for a lively discussion on entering the property market. They explore the evolving landscape of Australian real estate, emphasizing the importance of understanding entry costs and investment strategies. The trio shares insights on using family guarantors to bypass traditional deposit requirements and discusses creative financing options like high LVR loans. Listeners will also gain valuable tips on saving for their first property deposit while maintaining a solid work ethic.
42:34
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Determining the required capital for property investment hinges on individual circumstances, loan-to-value ratios, and lender mortgage insurance options.
- Utilizing a family guarantor can help first-time buyers secure property without significant deposits, though it carries risks for both parties involved.
Deep dives
Starting Point for Property Investment
Determining the minimum amount needed to start investing in property largely depends on individual circumstances and preferences. Factors such as the loan-to-value ratio (LVR) and whether a buyer is willing to pay for lenders mortgage insurance (LMI) play a crucial role. For individuals looking to avoid LMI, banks typically require a minimum 20% deposit, which can be prohibitive for many. In contrast, some investors may start with as little as a 10% deposit when they are eligible for LMI, making it essential for aspiring investors to assess their financial situation and options.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
