Is it only wealthier people who can afford to invest in property?
Anyone with some reasonable equity, (we recommend usually around $120,000 + depending on individual circumstances), or a deposit of around $50,000 and a reasonable joint income of around $120,000 can usually invest in property with reasonable comfort.
Rental income and the use of negative gearing to reduce tax means many people find their investment property more than pays for itself, or results in minimal out of pocket expense for the investor. Many Lime clients have an annual income of less than $70,000.
