The Benchmark property investment pack is an essential toolkit for any Perth property investor. Whether you’re looking to build a portfolio, develop property or turn your home into your first investment, our investment pack contains tips, guides and resources to help you navigate the Perth property market and get the most out of your property investment journey.
Our rental appraisal tool can give you an insight into the rent potential for your Perth investment property. Using our current market data, our rental appraisal tool assesses similar rental properties in the area and surrounding suburbs to give you an estimation of your rent return potential helping you forecast your cash flow position.
Contact us to get an estimation of your potential rent returns today.
With a great climate and lifestyle, strong infrastructure, and vibrant economy Perth has always been viewed as a highly desirable location for potential investors. The hardest part is identifying the best investment suburbs in Perth that are primed to deliver staggering growth and favourable rental yields.
With an abundance of growth suburbs to consider, take a look at our investment suburb profiles and discover key trends and statistics to help you identify dollar value, growth potential and demand within Perth’s suburbs.
We strongly recommend having Landlord Insurance as well as your building insurance. A few insurance providers brochures are available for download below. Please check to see if the policy is right for you. We will happily arrange insurance by your chosen provider at no extra cost prior to renting your property.
Rental property tax deductions
To help property investors identify what costs are deductible (and when) we have compiled the following lists to assist with your financial and record management.
Expenses immediately deductible
- Advertising for tenants
- Bank charges
- Body corporate fees and charges
- Council rates
- Electricity and gas
- Gardening and lawn mowing
- In-house audio/video service charges
- Insurance (building, contents, public liability)
- Interest on loans
- Land tax
- Lease document expenses (preparation, registration, stamp duty)
- Legal expenses (excluding acquisition costs and borrowing costs)
- Mortgage discharge expenses
- Pest control
- Property agent fees and commissions
- Quantity surveyor’s fees
- Repairs and maintenance
- Security patrol fees
- Servicing costs (i.e. servicing a water heater)
- Stationery and postage
- Telephone calls and rental
- Tax-related expenses
- Travel and car expenses, inspection, rent collection, maintenance
- Water charges
Expenses deductible over a number of years
There are three types of expenses you can incur for your rental property that can be claimed over a number of income years:
- Loan setup fees
- Plant and equipment purchases (such as curtains)
- Capital works deductions/building depreciation
There are a number of local depreciation companies in Perth that can assist in providing additional guidance for landlords, including Deppro, BMT and Depwest.
Expenses not deductible
- Acquisition and disposal costs of the property like stamp duty and settlement fees
- Expenses not actually incurred by you (i.e. water or electricity charges used by your tenants)
- The cost of your own labour in maintaining the property
- Expenses that are not related to the rental of a property, such as expenses connected to your own use of a holiday home that you rent out for part of the year
Disclaimer: the information contained herein is not advice and is for general discussion purposes only. You should seek advice from a registered tax agent in regard to your personal situation.