Buying your first investment property or first home can be an exciting as well as a nerve wrecking experience. Not surprisingly, this is a decision not to be taken lightly with many factors coming in to play. When embarking on such an investment, there are issues you need to address at the entry and exit level of a property transaction, in addition to the tax consequences applicable whilst holding the property. An investment rental property is negatively geared when the costs of owning it - interest on the loan, bank charges, maintenance, repairs and depreciation exceed the income it produces. The reason negative gearing can be attractive is that under Australian Taxation law, an investor may be able to claim a deduction for the loss, which can be offset against other taxable income, such as salaries, business income or other investment income (provided it is an Australian income producing investment.)

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan