Negative gearing is a tax strategy where the expenses of owning an investment property (such as interest payments, property management fees, and maintenance costs) exceed the rental income. This loss may be offset against other taxable income, reducing the investor’s overall tax liability. It’s important to seek advice from a qualified accountant and tax professional to understand how negative gearing applies to your specific circumstances.

Equity refers to the difference between the property’s market value and the outstanding mortgage balance. By accessing the equity in your home through methods like refinancing or a line of credit, you can use it as a deposit or to cover other costs associated with purchasing an investment property.

Contact us to find out wether you can leverage the equity in your existing property to finance an investment property.

Although the precise documentation prerequisites may differ from one lender to another, typical documents generally encompass proof of identity (e.g., passport or driver's license), evidence of income (e.g., payslips, tax returns), bank statements, particulars of assets and debts, and substantiation of savings or deposits.

Prosperity Mortgage Partners is well-equipped to lead you through the documentation procedure and assist you in ensuring that you possess all the necessary elements to apply for lending. 

Our service comes at no cost to you and has the potential to result in savings. The banks remunerate us for facilitating the mortgage transaction, meaning you are not directly charged for our service.

Also even if you don’t go through with a mortgage through Prosperity Mortgage Partners, the consultations are always complimentary.

The main difference between us and your local bank is that we are legally obliged to act in your best interests when advising on a home loan and we can choose from array of alternatives, while your local bank is limited to their unique product offering and will primarily concentrate on selling their own products.