New findings from a survey conducted by fintech startup TaxTank has found that 63% of Australian property investors are worried about the continuous rise in interest rates. 

The survey of 606 property investors also revealed that 40% of them are concerned about the cost of living. 

TaxTank founder Nicole Kelly clarifies that Australian property investors shouldn’t consider selling their assets without gathering all the right information and advice.

“With some property investors now feeling concerned about maintaining their portfolios in the current environment, it’s absolutely vital not to panic sell properties,” Ms Kelly said.

“Too often we see clients sell properties based on the wrong criteria because they don’t have the right information.

“Clients look at the mortgage they need to pay out, and the cash left over, instead of which properties are performing the best in their tax return and what cash is required from their pocket to hold that investment each week.”

Additional findings show that only 34% of property investors are optimistic that they know their cash position. Only 21% of property investors are up to speed with their tax position.

“Understanding the performance of each property is crucial to ensure solid decision making, and let’s not forget about capital gains tax (CGT) which often catches investors off-guard,” Ms Kelly said.

“Knowing the tax impact of a property sale will not only enable better decision making on which property to sell, but when to sell to reduce the liability where possible.”

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Buying an investment property or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for investors.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.19% p.a.
6.58% p.a.
$2,589
Principal & Interest
Variable
$0
$530
90%
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6.29% p.a.
6.20% p.a.
$2,473
Principal & Interest
Variable
$0
$0
80%
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  • A low-rate variable investment home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.19% p.a.
6.23% p.a.
$2,447
Principal & Interest
Variable
$0
$595
80%
6.34% p.a.
6.59% p.a.
$2,486
Principal & Interest
Variable
$248
$350
70%
  • $0 application fee
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6.39% p.a.
6.41% p.a.
$2,499
Principal & Interest
Variable
$0
$250
80%
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Image by Andrea Piacquadio via Unsplash



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