It’s not just the rising interest rates affecting landlords; the knock on from cost of living is also having an impact on the cost for routine maintenance, and other costs such as council rates and, where the landlord pays them, utilities and strata costs. It’s always wise to review finances and look at where savings.

For whatever financial reason you’ve bought your investment property, it is imperative it is well-maintained. Tenants have rights, and residential properties are required to meet required minimum standards to ensure they are ‘fit for habitation’; anything less, and the property cannot be rented out. But good maintenance goes beyond providing a good, quality home for.

We all want to make money, and we all want to grow wealth, but there is a difference between the two. When the rental income is more than the outgoing costs to run an investment property, then obviously, the investor is making money, and there are some property investors who generate a good passive income.

It’s that time of year that we all dread… 30 June is the end of the financial year, which means we need to be thinking about filling in our tax return. If you hate doing it, you’re not alone; according to new research commissioned by Intuit QuickBooks, conducted by YouGov, almost 20 % of NSW.