The purchase of an investment property can be a great way to build long term wealth. Over 1.2 million Australians currently own rental properties and it continues to grow in popularity, due to the tax and depreciation concessions available as well as the long term performance of property in Australia.
Having your loan structured properly will ensure that you receive maximum tax deductibility for your investment. Considerations include Fixed or Variable interest rates (or a combination), whether to pay interest only on the loan or some principal repayment as well. These are important things to consider when making your investment decision.
You should always speak to an Accountant or Financial Planner when considering this type of investment, but when it comes to finding the right loan make sure you pick a good Mortgage Broker.
For more information on Property Investment the Domain Blog is a fantastic resource with useful tips and things to consider.