Tips to buy an investment property

Are you considering buying an investment property?

The word on the street is that 2023 will be the year savvy property investors return to the market, with some experts saying all the right elements are in place to establish opportunities for strategic investing. Let’s take a look.

Why now might be a suitable time to invest

• Property prices are decreasing in many markets, while rents are on the ascent. Rents rose by a record high of 10.2% in 2022.
• Vacancy rates have been at record lows, with sturdy competition amongst renters for available properties.
• Migration has resumed and overseas students are back.

Tips for buying an investment property

Budget and plan ahead

With the shifting interest rates and increasing cost of living, it’s important to plan ahead and budget for possibilities if you’re purchasing an investment property. Factor in any additional rate rises or unexpected costs.

Get inspection reports

Properties may seem to be a good deal, however could possibly come with defects.
As with any property purchase, make sure you get building and pest inspections done, so that you are informed of any issues that might occur.

Look outside your own backyard

Savvy investors realise that wise investing is all about finding the right property in the right location. And that might not necessarily be just down the road. Your 1st Street Mortgage Broker can tell you that there may be opportunities in other markets to discover, so be sure to do ample investigation into which areas are doing well in the current climate.

Explore your finance options

With the cost of living through the roof, never before has it been so important to find an investment loan that offers value for money. Speak to your 1st Street Mortgage Broker to see if we can find you an investment loan that meets your specific needs – whether it’s flexibility you’re after (and features like an offset account), a competitive interest rate, or both.

Keep up to date with the market

In recent years we at 1st Street have seen big changes in the property market. Keeping up to date with things like interest rate variations, property price changes and auction activity is vital if you’re planning a 2023 property purchase.
As an investor, you’ll also want to think about vacancy rates, capital growth developments, rental returns and yields.

Core Logic is a fantastic resource to find all the latest property market news. You can also ask us for a free report for significant insights into property prices, comparable sales and much more.

Negotiate like a pro

Once you grasp the local property market, you’ll be in a better situation to negotiate. For example, if property values have decreased in the suburb you’re buying in or properties are staying on the market for longer, property owners may be willing to discount in order to reach a sale.

And if there’s something in particular you would like, don’t be scared to ask for it. For example, if you’re buying an older property and feel that repair requests should be part of the sale agreement, negotiate for it.

Ready to get started?

Buying an investment property is a journey, and it all starts with that first step – getting in touch with us – your local 1st Street award winning Mortgage Broker. We’ll go over your budget and finance requirements, a loan repayments calculator, and then begin the process of organising pre-approval on your finance.

Our service is completely


Yes, that’s right. You pay zero, zip, nada.

1st Street’s premium service comes at no cost to you! 1st Street is paid by the lender when your loan settles, however, this will not affect your interest rate or loan fees! It is often more cost-effective for a mortgage broker to process a loan rather than the lenders processing it themselves in-house. In fact, we often find that we can save you money by negotiating on your behalf.

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your numbers

Use our online calculators to work out how much you can borrow, loan repayments, stamp duty and lots more.

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A word from our satisfied customers

Maxine Zhong
Maxine Zhong
19 October 2023
Amanda has been such an incredible support throughout our very first time going through the home loan process. Her thoughtfulness to regularly check in to make sure all our questions were answered and that all our documents were in place helped to make the whole daunting process feel seamless and easy. I could not recommend her enough - she made sure to keep us informed every step of the way and made sure all necessary documents/processes were completed well ahead of time so we never had to worry about missing any steps. She went well above and beyond her role, and I know we will definitely be coming back to her in the future, as well as recommending her to all of our networks! Thank you again, Amanda!
Mark Nesbitt
Mark Nesbitt
11 October 2023
Greg and the team provide an outstanding service. Highly recommended
Christine Tran
Christine Tran
23 September 2023
Yuval handled my first ever home loan, he did such an amazing job I asked to him to refinance for me 2 years later. Yuval made everything very easy for me, and will give his best recommendation as if it was his own. Would always recommend Yuval :)
David Petrini
David Petrini
25 August 2023
Yuval Bloomfield was an absolute delight to work with. He made it extremely easy for my clients to discuss about their financial situation. With Yuval's strong connections he was able to get the loan my clients wanted in very quick time. Will definitely refer Yuval again.
Sophie Linehan
Sophie Linehan
24 August 2023
Greg and the team at 1st Street were fantastic all the way through the process of getting our financing sorted and buying a new home. They not only secured us the most competitive mortgage in the market but they also gave advice on a number of mortgage-adjacent questions that came up along the way. Their responsive and thoughtful guidance helped make the nail-biting process clear and calm. We would definitely recommend their services.
Gabrielle Scott-Jones
Gabrielle Scott-Jones
18 August 2023
Greg and his team gave me exceptional advice and support. They were timely and detailed in their responses and dealt patiently with me as a first home buyer and all of my questions. The lender at the bank commented on how well I was being looked after compared with other brokers in the market. I’d highly recommend 1st Street to anyone, including friends and family.
Eli Simic
Eli Simic
15 August 2023
Great communication and fast service
Richard Kuipers
Richard Kuipers
11 August 2023
Jeremy and his team are superb. Negotiated the best deal for us and were an absolure pleasure to work with. Highly recommended, you can't do any better in my opinion.
Jordan Rivkin
Jordan Rivkin
1 August 2023
The team at 1st Street truly are professionals. I can't recommend Jeremy highly enough, he is extremely competent and just a great guy. You're in safe hands with 1st Street!
Yossi Bengida
Yossi Bengida
23 July 2023
Another amazing job by David and Bree. Always available for our questions, helpful and just 10/10 Seriously good work !! See you on the next one :) Yossi and liz