Investing

Property can be a profitable and secure investment, and you don't need to be rich, retired or part of the building trade to benefit. Entering the market can be daunting, but we can help you understand how to invest in a way that maximises your returns.

Use our tips to choose the right investment property.

  • Scope out the neighbourhood

    Choose to invest in an area offering facilities that will be attractive to tenants. Look out for properties with good access to schools, transportation, shopping and medical centres.

  • Keep it simple

    The bottom line in property investment is to make a good return after costs. So, it’s a good idea to invest in a property that doesn’t need too much work. An old cottage may have a lot of character, but its maintenance may cost more than is viable.
  • Go through it with a fine-tooth comb

    Tenants expect properties to be in good condition when they move in. Take care of anything that needs fixing before they get the keys.

  • Follow the demand

    If there’s high demand but low supply for rental properties in a particular area, this generally leads to higher rent. Look carefully at what’s already available near your prospective purchase. If there are a lot of options available to tenants, you may not get the rental amount you’re after.

Use our tips to plan well and maxmise your return.

  • Do your research

    Look into the rental market where you’re thinking of investing to check the rental prices of properties similar to those you’re considering buying. This will give you an idea of what you can expect in rental income. Although this is no guarantee of how much you’ll earn, it will help you work out whether a location is financially viable.
  • Stay on top of maintenance

    To receive the best rental income from your investment, your property will need regular upkeep. This will help you meet the needs of your tenants, and prevent problems escalating and costing you more.
  • Consider necessary renovations

    If you’re considering renovating your investment property, be sure to compare the costs involved with the expected increase to your property value. You don’t want to spend time and money on the property if doing so won’t equate to a worthwhile increase in value or rental income.
  • Plan for the long term

    Investing in property requires patience. To fully benefit from your investment, expect to commit for several years. And when the time comes to sell your property, don't rush the sale. If you try to sell the property quickly, you're unlikely to maximise your potential profit.
  • Consider property management

    Depending on your experience, you may be better off employing a property manager to handle the lease of your investment. Be aware, though, that if you go down this path, you’ll need to factor in the manager’s fees to your projected costs.
  • Understand your strata fees

    Apartments, units and other properties with shared land are usually part of an owner’s corporation. If your investment property falls into this category, it’s important to know who leads it and make contact with the strata manager (if there is one). They’ll be able to tell you the strata fees involved and what they relate to – for example, gardening and external maintenance.

    We make investing in property easier, with fixed and variable interest loans, and tempting products and packages tailored to suit different needs and save you money.

  • Connect Package – Benefit from our lowest interest rates when you combine your Bendigo home loan with eligible Bendigo products. Pick from our top-rated super, insurance, accounts, loans and financial-planning options, and save more than you might imagine.
  • Basic Home Loan – Our simple, easy-to-understand home loan has flexible terms for interest and repayments, and the option for online redraw.