We provide our clients with 'time-saving business solutions'
At KDA Tax & Financial Services, we’re always looking for ways to improve our client’s financial position. Our In-house Finance Team, KDA Finance, have identified a strategy that may help you.
The latest figures from REIWA show that the median weekly rent in the Perth Metropolitan Area has fallen by 8.1% in the past 12 months – impacting your rental yield returns. But it’s not all bad news! We are in a period of historical low interest rates, which presents huge opportunities for those in the know. A staggering 80% of property owners are paying more than they could be and a similar number don’t know what interest rate they are paying.
As a client of KDA Tax & Financial Services, we’d like to make sure you have the best solution in the market and KDA Finance are available to help you get a better deal on your mortgage. We can get you the best rate in the market, help mitigate those rent reductions and potentially reduce your interest payments on your investment property.
Here’s a scenario to show you what is possible
An investor with a property which rented for $395 a week in 2016, is now renting the same property for only $363 a week. On their loan of $300,000 they were paying $13,800 in interest payments a year with an interest rate of 4.6%. With our help, they now have an interest rate of 3.88% and pay $11,640 in interest a year, saving $2,180 on interest payments.
By reviewing their finances with one of our experts at KDA Finance and getting them a better interest rate, we have helped this investor achieve a net positive position of $516 pa. Soft rental markets don’t have to affect you if you’re a smart investor.
If you’re interested in seeing what we can do for you, get in touch – We’d be happy to help!
Get in touch today by clicking here or calling us on 08 9248 9991.