One to two sentences on key items in the newsletter. I.e. Wow, so much has happened in the last month.
We have developed a great new tool for you to check the health of your investment property in minutes. And the legislation, whoa! There is a lot to learn about this month as one of our savvy Collective property investors.
May 1 – May 30 2021
Vacancy rate
Visitors
through open homes
New tenants signed
Average rent
ACT median house price
ACT median unit price
The lucky attendees of our Canberra Property Investment Evening on the 12th of May got the opportunity to hear directly from property investment experts - Performance Property Advisory. They revealed the most up-to-date predictive data on investing in the Canberra property market. Here's an overview of the info that was covered at the event.
If a tenant requests a pet, a lessor cannot unreasonably refuse the tenant’s request.
Learn more >Important industry body. Driving conversations with government and lobbying government to try to drive and change and consult on sensible legislation for investors tenants. Agenda in an article. .
Read more >This is the time of year when tenants start cranking up the heating. If your heating system hasn’t had a service in over 12 months, you could be facing some high costs if it breaks under pressure.
By high costs we mean anywhere from a few hundred to thousands depending on the system. And now that heating issues are included under legislation as an urgent maintenance call out, this will add to the bill. Remember property maintenance is a tax-deductible expense, so get it done now and claim it back at the end of the month.
Hot tip: If the heating system is under warranty, you will typically need to be getting it serviced every 12 months to maintain the warranty.
At tax time it pays dividends if you’re an investor to spend a little time learning the financial arts of being a landlord. It can be a significant benefit to understand the principles of depreciation and capitalisation and write-offs.
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Finding a great investment property requires due diligence, strategy, and a strong understanding of your financial situation. You need to be on top of the expected outgoings, potential earnings, tax obligations as well as the tax benefits that may be applied through negative gearing and write-offs.
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Buying an investment property through a self-managed super fund has become a popular way to transact, especially for those who aim to retire in the next decade or so. But seeking professional financial advice before committing to a purchase, plus exemplary attention to detail when it comes to the paperwork, are essential to avoid mistakes that could cost you thousands of dollars in taxes and land you in trouble with the tax office.
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