The beginning of a new financial year is the perfect opportunity for property investors to review their position and ensure they are making the most of the opportunities available to them.
While your investment property may be performing well, a few simple reviews can help improve cash flow, uncover savings and strengthen your long-term investment strategy.
Here are three important checks every rental provider should consider making this July.
1. Review your finance arrangements
Interest rates and lending conditions continue to evolve, yet many rental providers remain on loan products that may no longer be the most competitive option available to them.
Whether you’re looking to reduce borrowing costs, access equity for future investments or simply ensure your current lending structure remains appropriate, the start of the financial year is an ideal time to review your position.
Kay & Burton clients have access to trusted finance partner GreenBack Capital, an experienced team of finance professionals providing access to a wide range of customised lending solutions. A lending review may identify opportunities to improve cash flow or better align your finance arrangements with your investment goals.
If you would like an introduction to GreenBack Capital, your Kay & Burton property manager would be pleased to assist.
2. Check your tax depreciation strategy
Tax depreciation remains one of the most valuable yet underutilised deductions available to property investors.
Many rental providers are unaware of the deductions available for a property’s structure, fixtures and fittings, particularly if the property has been recently purchased, renovated or improved.
A professionally prepared tax depreciation schedule can help maximise available deductions and improve annual cash flow, often uncovering significant savings that may otherwise be overlooked.
If you’re unsure whether your property has an up-to-date depreciation schedule, speak with your accountant or tax adviser. Your Kay & Burton property manager can also connect you with trusted specialists who can provide further guidance.
3. Plan ahead for property improvements
Maintaining a property to a high standard is one of the most effective ways to protect its long-term value, attract quality renters and support tenant retention.
Throughout the year, your Kay & Burton property manager will proactively identify maintenance requirements and provide guidance on any works that may be required to keep your property in excellent condition. The start of the financial year can also be a useful time to consider larger improvements that may enhance the property’s appeal, support renter retention, contribute to future rental growth and strengthen long-term capital value.
For rental providers seeking assistance coordinating trades, maintenance or larger improvement projects, Kay & Burton Concierge can connect you with trusted professionals and manage the process on your behalf, providing a seamless and efficient experience.
4. Revisit your investment goals
The start of a new financial year is an ideal time to consider whether your property portfolio remains aligned with your broader financial objectives.
Whether your focus is long-term capital growth, passive income, portfolio expansion or wealth creation for future generations, regular strategic reviews can help ensure your investment decisions continue to support those goals.
Your Kay & Burton property manager can provide valuable insights into market conditions, rental trends and opportunities that may assist in achieving your investment objectives.
Looking ahead
Successful property investment is about more than simply collecting rent. Regular reviews of your finance, taxation and broader investment strategy can help ensure your portfolio continues to perform as effectively as possible.
As we begin the new financial year, taking the time to review these four key areas could help strengthen your investment position and set the foundation for a successful year ahead.
For assistance with any of the matters above, please contact your Kay & Burton property manager or our Director of Property Management Cath Stubbings by email at cstubbings@kayburton.com.au.
In compiling this article, Kay & Burton has relied upon information supplied by external sources believed to be reliable at the time of publication. This article is provided for general information purposes only and has not been prepared having regard to your personal objectives, financial situation or needs. The information contained in this article does not constitute financial, taxation, accounting, legal or other professional advice. While reasonable care has been taken in preparing this article, Kay & Burton makes no representation or warranty as to the accuracy, completeness or currency of the information and accepts no responsibility or liability for any loss or damage arising from any use of, reliance on or reference to the contents of this article. Readers should seek independent professional advice before making any financial, taxation, investment or property-related decisions.