30 June is fast approaching, making it a timely moment for property investors to review their position and ensure records are in order ahead of the end of financial year.

This year also brings additional considerations. The Federal Budget has announced changes to negative gearing and capital gains tax affecting residential property investments from 1 July 2027. Existing properties will be grandfathered, however if you’re planning future acquisitions, it’s important to stay informed. You can refer to our Budget summary for further details.

With that in mind, here are some practical areas worth reviewing before 30 June.

Review your rental income
When was the last time your rental return was assessed?

If it has remained unchanged for some time, it may be worthwhile comparing it against similar properties in your area, particularly in light of recent interest rate movements. Market insights can be gathered through current listings, local real estate agents, or a tailored market report. Adjustments should always be considered in line with relevant tenancy laws and requirements.

Review your property expenses
EOFY is also a good opportunity to take stock of ongoing property expenses and how they compare year-on-year. This can help identify cost trends and potential areas for review.

Common expense categories investors revisit include:

• Property management fees
• Leasing and advertising costs
• Repairs and maintenance
• Insurance premiums
• Accounting and professional fees
• Loan structure and interest rates

If your investment loan hasn’t been reviewed recently, we can help assess how it compares in today’s lending environment.

Understand potential deductions
The ATO outlines a range of deductible property expenses, generally categorised as:

• Immediate deductions (e.g. interest on loans, council rates, repairs and maintenance, and low-cost depreciating assets)
• Deductions spread over time (e.g. capital works, borrowing expenses, depreciation of assets)
• Non-deductible expenses (e.g. personal costs and certain capital expenses)

Accurate record-keeping is essential, and all claims should be supported by appropriate documentation. Treatment of expenses can vary depending on individual circumstances, so it’s important to confirm details with your accountant or tax adviser.

Consider a depreciation schedule
If you don’t already have one, you may wish to obtain a depreciation schedule prepared by a qualified quantity surveyor.

This report outlines the value and effective lifespan of property assets such as fixtures, fittings, appliances, and flooring, and is commonly used by accountants to support depreciation claims.

Get your records organised
Rental property records must generally be retained for at least five years. Keeping documentation well organised will make tax time more efficient and reduce administrative stress.

Digital tools such as the ATO’s myDeductions app or accounting platforms like Xero can help centralise records.

Review your finance position
With interest rates having increased over recent cycles, EOFY is a suitable time to review your loan structure and overall lending position. Refinancing may offer opportunities to reduce costs or access more suitable loan features, depending on lender options and individual circumstances.

It can also be a useful time to reassess longer-term property and finance goals. In some cases, existing equity may support future borrowing capacity, subject to lender assessment and personal financial position.

If you’d like to explore what options may be suitable for you, get in touch to discuss your finance strategy ahead of 30 June.