77 Raleigh St,
Essendon VIC 3040
Wealth Creation
Get more value out of your money with the right wealth creation strategies.
Make Your Money Work Harder
With our evidence-based strategies, Logic Partners can help you explore wealth creation options so you can shape the financial future you’ve been dreaming of. This includes helping you leverage your existing properties for increased wealth and value.
Home Equity
Your home’s equity is the difference between the property’s value and your remaining mortgage on the property. This equity can be used like a deposit to help you borrow additional home loans. Typically, these will be up to 85–95% of your property’s value.
Using your home equity, you can then get finances to purchase additional investment properties or to make changes to your property, or other investment properties, to increase their value to drive up their equity. However, when you borrow against your home, remember that this may increase your mortgage repayments.
At Logic Partners, we can help you choose the right method to optimise your home’s equity for greater wealth creation while meeting your wants and needs.
Rental Yield
Your rental yield is your annual income from your investment property against the value of the property, expressed as a percentage. It may be purely the income you received from renting the property (the gross yield) or the income after taking into account all annual property expenses (the net yield). When purchasing an investment property, your potential rental yield is an important factor to consider. A property with high rental yield will create a higher income for you.
As a general rule of thumb, to set yourself up for a higher rental yield, you want to look at more affordable areas that are expected to become popular, so that you can maximise your rental yield potential. However, there are ways to also improve your rental yield. Updating or renovating the property can be a way to attract more tenants, including those willing to pay more in rent.
Logic Partners can help you review your rental yield opportunities and tactics to ensure that you are getting the most from your investment properties, as well identify properties with high rental yield potential.
Explore Your Wealth Creation Options
Connect with Logic Partners today to discover new wealth creation strategies and optimise your existing ones.
Description
The information contained in this website is of a general nature and does not take into account your personal needs and requirements. The figures shown in the calculators do not constitute financial advice. Lender policy, term and conditions, fees and charges apply.