The majority of people in Australia build their wealth through property. Most of the time it’s through residential property. This can be from your owner occupied property or an investment property. Wealth is created in the capital gain of the property and the rental income received.

The gains from an investment property could be a great way to pay off your owner occupied loan, it could be used to start a business, or you could retire and live off the rental income.

Generally, the tenant (rent) and the ATO (negative gearing) pay for the majority of the upkeep of the investment property.

Here are 3 things to consider when thinking of investing in property