Property Information


As recently announced, The HomeBuilder Grant will be extended to 31 March 2021.

Changes to the HomeBuilder Grant include:

  • A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive.
  • An extended deadline for all applications to be submitted, including those applying for the $25, 000 grant and the new $15,000 grant. Applications can now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020.
  • An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020.
  • An increase to the property price cap for new build contracts in New South Wales and Victoria to $950,000 and $850,000, respectively, where the contract is signed between 1 January 2021 and 31 March 2021, inclusive.
    • The existing new build property price cap of $750,000 will continue to apply in all other States and Territories.
    A change in licensing requirements and registration for builders and developers, as below
    • Where an eligible contract is signed on or after the 29 November 2020, the builder or developer must have a valid licence or registration before 29 November 2020.  
    • Where an eligible contract is signed before 29 November 2020, the builder or developer must have a valid licence or registration before 4 June 2020.

Other than the above, the existing program criteria applies. That is, the other existing eligibility criteria remains in place and the $25,000 grant will still be made available for eligible contracts signed on or before 31 December 2020.

We have numerous property packages available now that are eligible for the HomeBuilder extension situated in high capital growth locations for a limited time only! Get in touch with us now to learn more!

For more info or questions in regards to the HomeBuilder Extension, feel free to ask us any question through or 
NSW Property Information


The NSW state government has abolished stamp duty for new homes under $800,000, in a bid to support first home buyers and the construction industry.

Premier Gladys Berejiklian has announced that the government will temporarily axe stamp duty on newly built homes valued at under $800,000, from 1 August.

There will also be concessions available for new homes under $1 million in value (up from the previous limit of $800,00).

Previously, stamp duty applied to homes worth more than $650,000. 

According to media reports, the move is expected to support approximately 6,000 first home buyers while boosting construction and creating jobs amid the COVID-19 crisis.

As well as increasing the stamp duty threshold for newly built homes, the government will also raise the threshold for stamp duty on vacant land.

This will rise from $350,000 to $400,000 and will phase out at $500,000.

The temporary changes will only last for a period of 12 months and will only apply to newly-built homes and vacant land, not to existing homes.

“Thousands of people will see their bank balances benefit from this change – it will help get more keys into more front doors of more new homes,” Ms Berejiklian is reported to have said this morning.

“It will also boost housing construction across NSW and support jobs in the building industry at a time when we need them more than ever before.”

NSW Treasurer Dom Perrotet tweeted this morning: “Stamp duty waived or discounted for thousands across NSW. All told, new home buyers will be able to save up to $31,000 as we keep the construction sector fired up and employing people.”

He later stated: “The current scheme has already helped over 93,000 first home buyers since July 2017 and this will give the construction industry extra support as we face the challenges of COVID-19.

“We need to ensure our building sites keep ringing with hammers and saws as that means more people working, and first home owners will save money in the process.”

The NSW Government will also continue to offer a $10,000 First Home Owner Grant, which is available to people buying a new first home worth no more than $600,000, or buying land and building a new first home worth no more than $750,000 in total.

This means the maximum amount of benefit a home owner could be entitled to is $32,335 if purchasing a new home and accessing the grant.

The move compliments the intentions of the federal HomeBuilder scheme that provides a $25,000 grant to owner-occupiers “substantially renovating” or building a new home between 4 June to 31 December 2020.

The federal government estimates that approximately 27,000 grants would be handed out as part of the package across $10 billion in building projects, supporting 140,000 direct jobs and another 1,000,000 related jobs in the residential construction sector. 

NSW government land tax debate heats up

NSW government’s stamp duty announcement comes hot on the heels of the release of the state’s draft Federal Financial Relations Review.

The review, undertaken by an ‘independent expert review panel’ appointed last year by NSW Treasurer Dominic Perrottet, sets out a roadmap to realign financial relations between the Commonwealth and the states.

The Supporting the road to recovery draft report, suggests that the state governments should be given more control over tax decisions, warning that the benefits of federalism are being undermined in Australia by duplication, bureaucracy and creeping centralisation, which it suggests has fostered “a learned financial dependency amongst the states”.

The report therefore advocates changing Australia’s tax mix to give states more control over their income, make taxes “as simple as possible”, and to limit the impact they have on citizens’ lives, such as the decision about when to move house and whether to take out insurance. Notably, this would include the replacement of stamp duties on property transfers and insurance taxes, with a broad-based land tax (with an “appropriate transition process that recognises the impact on property owners”).

According to the report, the 15 recommendations put forward would have the effect of making state revenues more stable and sustainable and give them more control over revenue raising and spending on essential services such as health and transport

The draft recommendations are open for consultation until 31 July, with a final report expected to be delivered in September 2020.

Property Information



Investing in a duplex unit is without a doubt a savvy way of generating passive income and build wealth. With such possibilities, its no surprise why many are turning to duplex investment property. If you want to make such an investment, it is important to know the costs. By doing so, youll know the amount of finance you require for your investment. In other words, youll know how much deposit youll need for your duplex investment property.


While the costs involved are vast especially if you settle with building your investment property, you can get a clear picture by speaking with an expert. Experts like PRPTY360 are sure to give you a detailed list of costs involved. Once you’ve listed all the costs your investment needs, decide on the duplex you want to build. Why is this important? Well, it determines the type of mortgage you can ask for and receive. Duplexes with a total of four or fewer units are treated by lenders as a residential real estate. If your property is labelled a residential real estate you can build or buy it using a regular or single family home mortgage. If your duplex has five or more units, the process of seeking finance for it in terms of mortgage is different. In case you are wondering why this is because lenders treat your unit as a commercial real estate. Many investors choose to avoid investing in duplexes that have five or more units. Why is this? Well, this is process is not easy. If you were to apply for a mortgage to finance this type of investment, youll note that it is difficult to get approval. This is why many investors choose to go for a duplex with fewer units.


Whether you plan on occupying one unit or not, you can seek financing for your investment property from several lenders. To get a complete list of lenders, do visit Your Mortgage. There youll find a list of financial institutions in Australia that offer loans perfectly tailored for owner occupant investors. When seeking finance, keep in mind that investing in duplexes, on the other hand, has its own share of loan limits. If you are planning on investing a two unit duplex, the loan limit increases by $100,000 or $200,000. If you are investing on a three-unit duplex, the limit increases by $200,000 or $250,000 while a loan for a four-unit duplex increases by $300,000 or more.


If you intend on buying or building a duplex or multi-home, you can use rental income to qualify for a loan. This, of course, applies only if you intend on renting out your duplex. For you to qualify for this loan type, you a need to provide a lease signed by your renter. You cannot ask for a loan approval based on anticipated rent income. Once processed, the lender uses a percentage of your monthly rental income as part of the loans underwriting. If you have any further questions about the finance of duplex investment property or any other questions regarding a duplex property, feel free to contact us through our contact us form. Written by Duplex Invest
Property Information


Short answer, YES! Without a doubt.

Long answer, 

Duplexes are among the most common dual-income investments that help investors improve their equity over a short period and ultimately fast-track their way to financial freedom. Could this be the right asset for you?

JOIN our FREE webinar on the 20 August 2020 Thursday on Why you SHOULD invest in a duplex property in 2020 and everything you need to know about a duplex property! SECURE YOUR SPOT NOW>>

A duplex is generally defined as “two separate homes built on the same title” which could be retitled as strata titles depending on the investor’s preference.

Unlike subdivided land, a duplex maximises the potential of the land without additional holding fees, insurance costs, council rates and other associated costs. It may also increase tax depreciation and returns on investment.


The unique thing about investing in duplexes is that it provides options to the owner. You can choose to live in one side of the duplex while renting out the other side, or rent out both units. Renting out both units will produce monthly cash flow. And if you’ve taken the time to do your homework and snagged a great deal, it’s likely the combined rent from both tenants will cover the entire mortgage and then some. This makes owning a duplex, potentially very lucrative in 2020. 


Keeping with the comparison of single family homes vs multi family homes, duplexes enjoy lower vacancy rates. It’s highly improbable that both units will remain vacant (if you have chosen a good place to invest in real estate). With single family homes, vacancy means no rental income at all. If a tenant moves out of one unit or you have trouble filling it, you’ll only lose half of the rental income with a duplex rental property.


One of the most appealing parts of investing in a duplex is the ability to live for free or cheap. Living in one side of the duplex and renting out the other can potentially cover or lower your mortgage each month.

For example, let’s say the mortgage on your duplex is $1,500 a month. And you rent out the other half for $1,000 per month. Then you’d only be paying $500 a month while your tenant pays the rest. Or you can make double payments and pay off your loan quicker and start earning passive income.


A duplex is typically (not always) more expensive than a single-family home, at least in the beginning. However, you’re getting two units in one transaction, which makes them extremely affordable, especially long term.

Another reason duplexes are so affordable in 2020 is location. More often than not, duplexes are located in very affordable neighborhoods. Additionally, you’ll be getting rental income every month, making them even more affordable. 


Did you know that investing in a duplex as an investment property in 2020 qualifies you for several additional tax deductions? Whereas single-family homes don’t offer the same tax breaks. Duplex owners can deduct most expenses for maintenance, yard work and repairs. 


In summary, as property acquisition specialists with over 20 years of experience, we strongly recommend purchasing a duplex as an investment property, especially if you are just starting out as a beginner in property investment. Duplexes are a good real estate investment– some of the best in the market, actually. You have different options for rental strategies and can get access to low down payment investment property loans.

As one of Australia’s leading property investment advisers, we have access to off-market opportunities that are not available to the general public. We can negotiate deals below market value, giving our clients the best price possible for our duplex opportunities. 

Do you want to learn more on how you can achieve cash flow positive investment with a duplex? Tune in to our webinar on “Why you should invest into a duplex webinar in 2020” on the 20 August 2020 Thursday! In this webinar, hosted by Julian Fadini, Director of PRPTY360 we will teach you everything you need to know about duplex property and why you should invest in one.  SAVE MY SEAT>>


Get in touch with us now if you want to learn about our current duplex opportunities we have available ( Up to $225,000 instant equity)!

Property Information


More than a month after it was first announced, the Federal Government has come to terms with each state and territory to push forward with the HomeBuilder scheme.

Prime Minister Scott Morrison unveiled the stimulus on 4 June, which grants $25,000 to Australians planning to build a new home or undertake significant renovations.

Strict eligibility criteria were released but details on how states and territories will implement the scheme were lacking, resulting in a delay.

However, it seems like everything has been sorted out and all states and territories are now signatories to the HomeBuilder National Partnership, with Tasmania the first to announce that it is accepting applications. Online applications for other states and territories are expected to begin as well.

But as the federal and state governments agree on the nitty-gritty details, big questions linger for those who want to apply for the grant.

Here are some common questions people want to know about the HomeBuilder grant, along with the answers.

Can the HomeBuilder grant be used as a deposit?

This is probably the biggest question on everyone’s mind. It’s so big that even Australia’s biggest banks couldn’t give a definitive answer due to “lack of details from the federal government.”

ABC News recently published an article on this topic, saying that while the banks couldn’t agree on a single response, the “unanimous sentiment was they were not keen to allow people with next-to-no personal savings to use the government cash towards a deposit.”

According to ABC News, NAB clients can use the grant as deposit but the total deposit required will not change. ANZ customers can use the funding as part of the equity contributed to the building costs as long as a loan is not subject to LMI. Commonwealth Bank said “normal construction loan lending conditions would apply” but noted that it was still working on through details of the scheme. Westpac did not provide details. 

Can the HomeBuilder grant be accessed with other state grants?

The $25,000 cash grant is on top of existing state and territory First Home Owner Grant (FHOG) programs, stamp duty concessions, and other grant schemes such as the Commonwealth’s First Home Loan Deposit Scheme and First Home Super Saver Scheme.

However, it must be noted that while first home buyers can access the HomeBuilder grant when building their homes, the funding can only be used for construction and not for the actual purchase of the property.

What renovations or builds can be included?

Apart from cost requirements (renovation contract must be between $150,000 and $750,000, and properties must not be worth more than $1.5m), the HomeBuilder scheme requires renovations to “substantially alter the existing dwelling.” But what qualifies as substantial?

It wasn’t specifically mentioned, but the government said it “need not involve removal or replacement of foundations, external walls, interior supporting walls, floors, roof, or staircases. 

Renovations must also improve the accessibility, safety, and liveability of the home. This means additions to the property that are unconnected to the principal dwelling such as granny flats, swimming pools, tennis courts, outdoor spas and saunas, detached sheds or garages, and landscaping cannot be part of the upgrades. However, combination works like kitchen and bathroom renos are permitted.

Are non-first home buyers eligible?

Non-first home buyers can access the grant provided they meet the eligibility requirements. One thing to note, however, is that an eligible applicant can only receive the HomeBuilder grant once.

What happens if a person’s income changes and goes over the cap?

Under the scheme, income cap ($125,000 or less annually for singles and less than $200,000 a year for couples) will be based on 2018/19 tax return or later. This means an applicant’s income will be confirmed using their most recent tax turn.

Additionally, the scheme states that if person’s circumstances change after being approved for HomeBuilder, they are required to notify their state or territory revenue office immediately.


Article by YourInvestmentPropertyMag – Mark

Property Information


Last year, Sydney and Melbourne were ranked among the five most unaffordable major housing markets in the world by international consultants Demographia.

Things have since changed, there is a silver lining to this large cloud shaped property bubble. Recent regulatory efforts are finally bringing calm into a two-decade-long investor storm frenzy in Australia.

Three primary factors will largely contribute to the current house price softening.

  • Restructured lending standards
  • Increased fees for foreign investors
  • Restrictions on investment coming out of China

These changes mean the property market is ripe once again with opportunities. So if you were planning to invest in property- now’s the time. And here’s our guide to make the most of this window.

Set a goal

The first step of finding the right investment property is setting a goal. For example, your objective could be long-term capital growth or simply an extra source of income. Many people look to property investments as a means of catching a few tax breaks. Writing down your plan and sticking to it can help you achieve this and make sure you are investing for the right reasons. It’s important to bracket how much you are willing to invest, and determine what kind of returns you want from it. By narrowing down your budget and the timeframes for returns, you’re going to save yourself the effort of looking at incompatible properties.

Choose a location

The next step to finding the right investment is picking a location. Most first-time investors always prefer buying property in the same suburb or city as their residence. However, this is often a short-sighted decision as it overlooks important factors like capital growth. So when choosing a location, keep an eye out for areas that are expanding in terms of population, small businesses, and local infrastructure. Keep in mind, however, that maintaining a property in a different city can lead to many management nightmares. You may likely need to look at hiring a property manager to ensure your assets are well taken care of.

Smooth management after purchase

Once purchased, owners must continue to ensure their new property is efficiently managed to secure steady gains and minimise any chances of asset value depreciation. As an investor it’s best to have your real estate agents be proactive, ensuring all tenants are locked into long-term leases. Even if you do have a long-distance landlord managing your property, it may help to periodically check in from time to time. This will give your tenants a feeling of reassurance and will help you gain some first-hand insights on how you can improve the quality of your property.

Speak to an expert

After you’ve shortlisted the basic criteria for an investment, it’s wise to get a professional opinion on your decision. A keen eye can often help you spot any insights you may have missed, especially since revised regulations are making it more crucial than ever to seek professional advice, as you want to ensure complete security for your investments.

Property investments are already on the rise, so speak to us for expert guidance if you are planning to capitalise on this period.

NSW Property Information Qld Vic


Melbourne and Sydney are undoubtedly the most popular cities in Australia. Melbourne attracts countless people into the city. Rich heritage structures, beautiful landscapes, high development and a great sporting culture make Melbourne an attractive proposition to shift base.

Travel guides will tell you that Sydney is the best city to visit in Australia. It’s home to the Sydney Opera House and the Sydney Harbour, two of the most popular tourist destinations in the country. The golden beaches of Sydney have their own set of loyalists from all across the world. Sydney is also regarded as the financial hub of the Pacific down under.

Education acts as a big pull for families in such cases. University of Melbourne and Deakin University are among Victoria’s best places to study. University of New South Wales and University of Sydney rank up there among the most sought after universities. The sheer reputation of these institutions attract not just local Australians but also overseas students into the two big cities.

The rate at which Melbourne and Sydney have grown is twice as much as other cities in Australia. A flourishing economy, good infrastructure and friendly interest rates have seen people flocking towards Sydney. The real estate prices in the city of Sydney has reached a stage where buying property in the city costs much more money. In fact, it features in the top 10 list of most expensive real estate properties in the world.

So does that mean that Sydney and Melbourne have reached a point of saturation? Property experts believe that the market is softening. Flatlines are appearing because of increased real estate prices which are driving people to settle outside of Sydney. As such, it isn’t a problem given that Sydney has a well-connected transport system and Australia has the whole continent to themselves.

Explore the Untapped Potential of Capital Cities

Property experts have advised investors to diversify their portfolio and put their money and faith in booming markets. Adelaide, Brisbane, Hobart and Canberra – major Australian capital cities have been touted to grow at a rapid pace.

Adelaide and Canberra have emerged as top contenders in the property market. Sydney may have seen flatlines in property growth but Canberra, for instance, has so many takers at this stage. It’s the national capital, a seat of all political activity which results in people actively moving out.

The Brisbane Boom

Reports suggest that the value of real estate residential housing in Brisbane has seen a sharp rise. Rapid construction has resulted in an oversupply in available housing. The real estate prices remain affordable for people to settle in. And it’s not just residents or fellow Queenslanders, a lot of inter-state migration has started taking place in Brisbane.

Brisbane is witnessing a lot of migration into the city which balances the oversupply of housing. With everyone earning largely the same levels of income, the time seems right to invest now in Brisbane rather than Sydney and Melbourne.

BIS Shrapnel expects median house prices in Brisbane to increase by 7% come June 2019. Brisbane has seen a jump in the number of IT and Finance firms setting up shop in the city and is one of Australia’s fastest growing economies.  After Sydney and Melbourne, it’s the 3rd most visited city in Australia by tourists. The University of Queensland, Griffith University and Queensland University of Technology are prestigious universities that are attracting overseas students too.

Adelaide and Hobart are quieter cities but like Brisbane, have tremendous untapped scope for growth. Any fears of Sydney and Melbourne reaching flatlines may not be fully true as studies indicate that property buyers have been making close to $100,000 within 24 months of purchase and leasing out of property. But cheaper investments can always be made in the developing cities.

If you are looking to invest in Australia’s real estate, look beyond Melbourne and Sydney. There are more investment havens to explore. With an increasing number of interstate and overseas migrations taking place, Australia presents a great investment opportunity in real estate

Property Information


The term ‘resolutions’, especially when used at the start of a new calendar year, brings to mind goals related to health and fitness. But resolutions can, and should, be made for other aspects of your life too. While we’re all focused on our careers and steep growth trajectories, many of us tend to forget to invest the rewards that we reap from all this hard work towards our own future. Irrespective of your age or the stage of your professional journey, it’s important for you to set certain investment goals for yourself every year and ensure that you achieve them.

If you’re looking to grow or diversify your investment portfolio, you should definitely consider investing in real estate. While it is a popular belief that only people of a certain income group or professional stature can invest in property, the truth is that owning property in Australia today is actually a realistic and achievable dream, and definitely a recommended investment option.

If you’ve already invested in property or are looking to do so this year, here are 3 property resolutions that will ensure that your investment gets optimal returns:

1.  Stay Updated and Organised

As a property owner, it is important that you keep all your property documents organised and in place to avoid any last-minute confusion. Keep track of your lease expiry dates to ensure that you secure new tenants in time, thereby avoiding any loss in rental income. If you’re looking to secure a loan to invest in property, you should have all your personal financial records up to date and complete. Property trends are constantly changing, and to make the most of your investments, you should keep a constant watch on the market. Industry experts will be able to help you with relevant information such as sale and rental figures, changes in legislation and policies, market predictions, etc.

2.  Research and Diversify

While the major cities like Sydney, Melbourne and Perth have traditionally been sound property investment options, you should also look at places like Adelaide, Brisbane, Hobart and Canberra, where the property market is on a steady rise. Rather than conforming to popular belief, you should study current and future trends in various sectors in the country to gauge which parts will see faster growth in the near future. For example, investment in energy sources in a certain area can result in a whole township being built around it, leading to an increase in property value in the area. You should also look at hedging your risks by investing in different kinds of property in different parts of the country.

3.  Consult an Expert

With the sea of information available at your disposal today due to technology and increased access to industry research, it’s easier to make an informed decision about property investment now as compared to a decade ago. However, it is always recommended that you make your way into the world of real estate backed by the right team of professionals, including a property advisor, lawyer and accountant. The property market in Australia, just like its global counterpart, is all about making the right decisions at the right time and the right location. Having a solid team of experts by your side will help you do this more effectively. Always choose professionals who come with experience and expertise in this market, and have made a name for themselves for being dependable, trustworthy and result-oriented.

The start of the year is a perfect time for new beginnings, and these property resolutions are sure to hold you in good stead in 2019.

Property Information


The fundamentals of financial planning aren’t difficult and with a little bit of research, you may be able to successfully master your personal financial goals. There are some instances, however, for which hiring a financial advisor works out for the best. Financial advisors are known to advise clients on how best to save, invest and grow their money. They can help you streamline your finances, enabling you to work towards life goals like buying a house, starting a family, or even early retirement. As you grow, so do your financial goals and options, increasingly requiring you to spend more time on it. With the help of a financial advisor, you can save time and remain disciplined about your financial strategies. They also make sure to prompt you to stay on track with personal financial decisions and tap into unrealised potentials.

When it comes to your money, however, how do you trust someone to effectively manage it, especially since past performances aren’t indicative of future results? It is best to take time with vetting several candidates before zoning in on an advisor that checks all the boxes for your investments.

A good place to start would be to ask for recommendations from family and friends, preferably those whose financial needs match yours.  Once you narrow down a suitable list of financial advisors, here are a few things that you should keep in mind to help you decide –

  1. Consider the planner’s credentials

    It is important to check out the advisor online and verify their current credentials. An advisor needs to be qualified in their sector of expertise and must come with a certain amount of training and experience. Be sure to ask for a list of references from clients with similar financial strategies as yours.

  2. Run a background check on your planner

    It is imperative to ask if your potential financial advisor has ever been convicted of a crime or if they have been under investigation by a regulatory body.

  3. Study the services that the firm provides

    Check if the firm is equipped to provide advice about financial products that you currently have. It might be worthwhile to list down your goals to help you decide between a specialised advisor that sells one investment solution versus one that has a variety of products that handle your entire financial portfolio.

  4. Check the planner’s fee structure

    Beware of financial advisors that are not upfront with their fee structure and ongoing charges. Before deciding upon a planner, make sure you completely understand the potential charges and the services you are promised in return. Lastly, you will also need to consider going with a commission-based model versus a fee-based one, depending upon the complexity of your investments.

  5. Consider their area of expertise

    Some financial advisors have a niche like retirement, real estate or socially responsible investments. It is best to select an advisor based on their experience in an area that suits your specific needs.

Finally, it is your investment and should, therefore, completely be your decision. If you aren’t sure why a recommended plan or its subsequent consequences is the right decision for you, don’t hesitate to ask your advisor till all your doubts are cleared.

Property Information


The end of the financial year (EOFY) is fast approaching, and although June 30th seems a while away, you need to give yourself enough time to make the most of the deductions and benefits for your investment properties.

EOFY is known to be a busy time of the year for most individuals and businesses who need to get their paperwork in order. Therefore, it might be worthwhile to stay ahead of the game with these simple tips that are sure to make your life a little easier and your investment more profitable.

Evaluate cash flow

The end of the tax year is a good time to review how your property has been performing over the year. When you take stock of your outgoings, ensure to include the mortgage. If you have selected interest payments, you will be able to claim a deduction for it.

You need to consider if the property is haemorrhaging cash in unnecessary areas and find out if these can be disposed of. If you begin now, you will have enough time to review and cut out or minimise redundant costs.  It is important to go through your budget before the end of the financial year in order to protect your income.

Identify what is tax deductible

When it comes to property investments, tax deductions play an important role in cash flow management. They can have a huge impact on your bottom line and you need to be diligent about making sure you cover all the possible deductions allowed by law. Now is a good time to get your checklist in place in order to ensure a positive cash flow.

Here are a few expenses that are considered tax deductible and can be claimed:

·         Advertising for tenants

·         Amortisation of borrowing costs over 5 years

·         Agent management fees

·         Bank fees on investment loan or rent account

·         Body corporate fees and charges

·         Building write-off on construction costs

·         Council rates

·         Depreciation on plant & equipment

·         Water charges

·         Land tax

·         Cleaning

·         Gardening and lawn mowing

·         Pest control

·         Interest expenses

·         Property agent’s fees and commission

·         Some legal expenses

·         Repairs and maintenance

·         Depreciation on assets like whitegoods

You will need to refer to the Australian Taxation Office (link: website for a complete list of claims to suit your needs.

Review your insurance

Your insurance should fall under the category of expenses that can be claimed, so have a look to see if it can be deducted. Also, remember that you have the option to prepay any expenses that are related to the next financial year like your insurance premium.

Prepone anticipated repairs

If you can foresee repairs needed over the next few months, consider moving them forward to June. It is important to differentiate between repairs and improvements when identifying expenses that can be claimed. A repair is considered a partial fix to restore something to its original state. An improvement, on the other hand, will add value to that thing and enhance its original state. While repairs can be claimed entirely, renovations are classified as capital improvements and can be claimed only partially.

Seek professional advice

Although you may be more than capable of filing your own returns keeping the above top-line tax pointers in mind, it might be worthwhile to take the advice of an accountant after taking your current financial position into consideration. They can streamline the entire process and are experts in pointing out costs that can be claimed. Considering the amount of time and research you will have to put into filing your returns, it would be a shame to miss out on added cash benefits.

If you start looking for an accountant right now, you will have more than enough time to find the right one and get all the paperwork together in order for them to maximise your returns.