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Tips for Succeeding in Property this Year

5 February 2023
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If you’ve spent the last few years functioning mainly in survival mode rest assured, you’re not alone. The ever-rising cost of living has forced many of us to simply focus on keeping our heads above water, rather than actually looking to the future.

But finally, some good news—the RBA says inflation has hit its peak for the year and will now start to ease. While we’re still feeling the pinch (or punch) of $7 lattes, this is as good a time as any to review how we plan on approaching the year ahead. We’re talking a shift from the survive to thrive mindset.

Here’s our top tips for pushing ahead in property because if not now, when?

1. Use equity to your advantage

Selling your property can be a lengthy, drawn-out process, even in a seller’s market. When selling, in most cases, there is the equity between your sale price and the mortgage debt you have with the bank. But did you know you can use that ‘locked-up’ value to push you closer to your goals? Ordinarily you can’t access this equity until after the sale of your house has been finalised and the bank has been repaid. But creative funding solutions allow you to access this equity now so you can push ahead with your plans while waiting for the sale of your property to finalise.

A common frustration amongst sellers is finding their next dream home while their current property is still on the market. They need the sale to finalise so they can offer a down payment on their next purchase. Property Credit can help you access that locked-up value in your property by allowing you to access up to 80% of its value with an equity release bridging loan.

There’s no need to put your goals on hold because you’re awaiting settlement. Use it to your benefit.

2. Get movin’

Literally. If you’ve wanted to upsize, downsize, or pack up the lot in a caravan and travel, make this the year you finally do it. If the last few years have taught us anything it’s that there’s no way of telling what’s around the corner. Now is the time to make that long-awaited change and often the first step is selling your property. Maximise the value of your property with minor pre-sale improvements including:

  • Repairs and maintenance
  • Styling and staging
  • Curb appeal
  • Basic renovations

Often it’s our savings that take a hit when it comes to financing pre-sale renos, meaning whatever additional plans we had for the year get derailed. You don’t have to be out of pocket or strain yourself financially to get your house in tip top shape. Get creative with how you manage the sale process by accessing pre-sale improvement funding.  

Similarly, you can fund the advertising of your property. Simply apply for property advertising credit and fund the up-front advertising costs of selling your property.

3. Streamline payments

One of the biggest headaches for property owners is the task of managing bills and finances. If you’ve got a good automated system in place for your day-to-day finances, brilliant. But if you’re an investment property owner, you’re probably finding it hard to predict the next bill or expense around the corner and that’s an additional ball you don’t need to juggle.

Rather than worrying about the cost of unforeseen expenses like:

  • Repairs and maintenance 
  • Vacancy
  • Marketing 
  • Ongoing holding costs 

you can set yourself up with a facility that lets you access up to $15,000 to draw on, whenever you need it. This allows you to set up repayments to suit you and work with your rental income.

4. Invest

People love the idea of investing in property, but how many can say they’ve actually taken the plunge? One of the big deterrents for potential investors is the cost of GST on top of the purchase price of commercial property. Most bank loans won’t cover this cost and require you to come up with the additional 10% yourself. Although the GST is later recovered from the ATO, reclaiming the money can take up to 120 days. This often causes significant cash flow problems, potentially jeopardising the transaction altogether.

GST funding is an excellent solution for a short-term cash problem. Without the stress of securing a deposit, you’re one step closer to becoming a commercial property investor.

Visit for more information on our services or you can contact us on 1300 829 536 (au) or 03 668 2144 (nz).

This article is for general information purposes only and is not intended as financial product advice. Consider seeking independent financial advice that relates to your individual circumstances.

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