What’s the difference between an owner occupied property and an investment property?

As you’d expect from their names, the difference between an owner occupied (live-in) property and an investment property is whether or not you’re living in it. If you’re living in the property it’s considered an owner occupied property, but if you’re intending to use your property as a source of income (through rental income or capital gains) and living in a different property it’s an investment property. The type of property you have will determine what type of home loan you need (either owner occupied/live-in or investment). Owner occupied home loan rates tend to be lower than investment home loan rates.