What is land tax? If you’re a property investor with multiple properties or at least one sizeable property, land tax is an annual expense that you need to factor in along with insurances, maintenance and repairs, and other expenses. This is because land tax is calculated based on the value of the land that you […]
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Depreciation on investment properties As an asset with significant value, your investment property is subject to a range of changes each year that depreciate its value. The better you understand these changes, the smarter you can be about claiming back some of your investment property’s depreciation in your annual tax returns. And as a […]
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How to grow your property portfolio With the new year in full swing, you may be planning what you’d like to achieve, including changes to and growth in your property portfolio. Whether you’re a seasoned investor or you’ve had your first investment property for a short time, growing your property portfolio can be a great way to build wealth. To grow your portfolio […]
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What happens if my tenant stops paying rent? Having a dream tenant in your property is great. Everything is looked after as if it were their own home, and the rental payments always arrive on time. But what happens when your tenant stops paying rent? Hopefully, this isn’t a situation you’ll ever have […]
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What is a tenancy tribunal? And how does it protect your investment property? A tenancy tribunal is an independent body that deals with certain disputes between landlords and tenants. In each state, it is generally called a civil and administrative tribunal. The tribunal is designed to make legal decisions and help resolve disputes by hearing […]
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What is property depreciation? Property depreciation is a tax deduction that allows property investors to offset the decline in the value of their investment property (or properties) against their taxable income. After interest, depreciation is the second largest deduction available, so it can make a significant difference to your cash flow when you get […]
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What Should an Inspection Report Look Like? Regular property inspections help you proactively identify any issues with your property before they turn into bigger costly problems. And not only can it save you money, but it keeps communication open between your tenants and either you or your property manager too. Keep reading for an […]
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If your investment property is an apartment or unit, body corporate fees are one of your ongoing expenses. In newer developments, these fees will often be higher to cover the maintenance of luxury amenities such as pools and gyms. But the modern luxuries aren’t the only things that a body corporate will pay for […]
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4 Steps to Finding the Right Property Manager A good property manager can make a huge difference to your property investment. Not only will an experienced property manager be in tune with your market to provide you with the best advice and results, but the day-to-day administration is also taken off your hands. Of course, […]
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The 3 Fastest Ways to Attract a Tenant to Your Property Whether your property is currently vacant or your current tenants have notified you that they’re moving out at the end of the lease, there are a few key factors that will help you attract great tenants to your property. The longer your property is […]
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