Get EOFY ready as a property investor
Budget update:
Changes to negative gearing and capital gains tax take effect from 1 July 2027. Existing properties are grandfathered — but worth getting across if you’re planning your next move.
Review your rental income
Check how your return compares to similar properties in your area, especially given recent rate changes.
Audit your expenses
Management fees, insurance, maintenance and accounting — compare against prior years and look for savings.
Check your deductions
Some expenses are claimable now, others over time, and some not at all. Talk to your accountant about what applies.
Get a depreciation schedule
A quantity surveyor can outline the depreciable assets in your property — your accountant will thank you.
Sort your records
Keep property records for at least five years. The ATO’s myDeductions app or Xero can help stay organised.
Review your finance
With rates having moved, now’s a good time to revisit your loan structure and whether refinancing makes sense.
Not sure where your finance stands heading into the new year? Lets chat.