An alarming 80 per cent of property owners are underinsured according to data from the Insurance Council of Australia. While some may underinsure their property on purpose, believing that an event may never happen to save on costs; there are many home owners and investors that are unaware that they may be underinsured. It is important to regularly review your insurance policies to ensure that you are adequately covered, and the policy terms are still the same. When reviewing your cover...
Tax time is here and claiming depreciation expenses can put a lot of money back in your pocket. Investment property tax depreciation allows you to claim a tax deduction for the wear and tear of the structural elements (the actual building) and the plant and equipment (fixtures and fittings) of an investment property. By claiming depreciation as a tax deduction, you can lower your taxable income. This in turn reduces the amount of income tax you need to pay, leaving more cash in your pocket...
Rental yield is a measure of how much cash (or rental income) your property generates each year, as a percentage of the property value. The property investor dream is to secure a high rental yield property, in a location that delivers large capital gains, combined with low management and maintenance costs. This means, rental yields are not the only consideration when purchasing an investment property, but still a very important one. Calculation Rental yield is calculated as a gross percentage...
