As the end of the financial year approaches, now’s the ideal time to make sure your property is performing at its best.
Beyond balancing the books, EOFY is your opportunity to review and prepare for a stronger year ahead. Here’s a practical checklist to help wrap things up—and set your investment up for success:
✅ 1. Maximise Your Tax Deductions
Don’t leave money on the table. Common deductible expenses include:
• Property management fees
• Repairs and maintenance
• Council and water rates
• Insurance premiums
• Interest on investment loans
• Eligible travel expenses
• Tenant advertising costs
If you’re unsure what you can claim, your accountant can help clarify.
✅ 2. Review Your Insurance Cover
Does your landlord insurance still match your needs?
Check your policy covers tenant-related risks, loss of rent and legal liability. Make sure the insured value reflects current market conditions and property improvements.
✅ 3. Make the Most of Depreciation
If your property has been newly built, recently renovated or includes modern fixtures, you may be eligible to claim depreciation—saving you thousands.
✅ 4. Get Your Records in Order
Preparing early makes tax time less stressful. Ensure you have:
• Rental income statements
• Receipts for expenses and capital works
• Insurance documents
✅ 5. Revisit Your Investment Goals
EOFY is a great time to reassess:
• Are there any upgrades you’ve delayed?
• Could refinancing improve your cash flow?
• Are you ready to grow—or streamline—your portfolio?
Curious about your property’s current market value? We’re happy to provide an up-to-date sales or rental appraisal. Contact us at info@abrealtywa.com
EOFY doesn’t have to be daunting.
A little preparation now can boost your returns, protect your asset, and position you for growth in the year ahead.