Following Reserve Bank of Australia’s decision to increase the cash rate by 0.50%. RAMS will increase home loan variable interest rates by 0.50% for new and existing customers effective 18 Aug 2022
  • Climbing the property ladder

    The sooner you get on the property ladder, the sooner your equity grows and you can start duplicating. Here are 6 expert tips from RAMS to get you started.

  • Property investment and renovations could be for anyone; it all comes down to your goals and dreams.

    When you're starting out and have limited finances it is tough but the sooner you get on the ladder, the sooner your equity could grow and you could start climbing the property ladder. 

    1.     Consider how much debt you’re comfortable with 

    Some people are afraid of debt, as they perceive it as dangerous. However, debt could increase your return and shorten the time it takes to get the return. 

    It is also worth noting that debt could increase your risk if you become unable to meet your repayments, so every investor needs to know how much debt they are comfortable taking on and making repayments on.

    2.     Stick to your strategy

    Every investor should have their own strategy that reflects their circumstances and adversity to risk. Figure out what works for you and, once you've found your strategy, stick with it. Be aware of other opportunities and get other advice from the professionals. 

    3.     Choose the right property

    Focus on purchasing "cosmetically tired" rather than "structurally tired" properties. Structural work is often where problems can occur and this could be more expensive to repair.  

    Some of the most efficient and simple ways to renovate a cosmetically tired home include painting, carpeting, polishing floorboards, converting a garage into a bedroom, styling, replacing kitchen doors, re-enameling tiles and the bath and replacing fittings.

    4.     Consider who is likely to buy your property and what they want in a property. 

    You also need to know what other homes are on the market in the area, what condition they're in and what features they offer compared to yours. 

    If you're selling a property much of the sale price will come down to the cosmetics such as painting, carpeting and styling. Some of the worst properties styled well can sell for a premium, compared to better properties that haven't been styled as well.

    5.     Make sure the property is lettable

    To ensure a property is tenanted you may want to consider buying a property in a high demand location with low rental vacancies. It’s also important to put yourself in the tenants’ shoes before you buy and ask yourself what you would want if you were a tenant. 

    6.     Invest in professional expertise

    You may find it helpful to get advice from the professionals when purchasing your first investment property, and any future properties. 

    Every investor should consider engaging with a good accountant, financial advisor, real estate agent, valuer and building inspector. 

    Select a topic to view more blogs and videos:


  • Have us call you

    We'll be in contact within 2 business hours

    * Required

    By submitting this form you acknowledge that you have read and accept our privacy statement

  • Disclaimer:

    While such material is published with permission, RAMS is not responsible for its accuracy or completeness.  This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.