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RBA Interest remain unchanged at 1.50 per cent.

Property Friends Tips and Tricks

  • It’s close to tax time, so my suggestion is to check your records. Make sure you’ve got all your rental statements. And you’ve got all your expenses covered off.
  • You also want your inspection reports, just for housekeeping to check them before the year end closes.
  • If you have some tax issues, you could prepay some expenses, prepay insurances, prepay potentially even interest, check with your accountant on that.

 

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The Property Friends update for June 2017.

Well let’s cover up of the RBA first, for the 9th month the interest rate remains unchanged at one-and-a-half percent.
Stability again spells good news for us. What else can I tell you? It’s close to tax time so our suggestion is to check your records to make sure that you’ve got all your rental statements. That you’ve got you all your expenses covered off. That you’ve also got your inspection reports.

Just good housekeeping to check it all before the year end closes and also if you have a tax issue you could prepay some expenses, prepay insurances prepay potentially even interest. Check with your accountant on that. I’m not an accountant, so it’s good to get the specialist in more often that. But that can reuse tax and can also help.

All right on that note I love saving tax

So love investing in property. Have a good month!

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Uwe Jacobs Property Strategist

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