Hi Marion,

Tax time is an important time of year for both property investors and homeowners alike. It's a great opportunity to take stock of your finances, including any loans you may have.

And remember, it's never too early to start preparing.

As a property investor, now's the time to make sure you have a depreciation schedule in place and good records of interest charges and general expenses as they relate to your investment property.

Start organising receipts and paperwork for maintenance, taxes, rates, and rental income – it'll make tax time much smoother (and impress your accountant).

Many investors kick off this season by consulting their tax advisors or accountants to craft effective investment and tax strategies. Following their advice, you might consider making some moves like getting ahead on interest payments by setting up what we call ‘interest in advance’ for your investment property loan – your broker can help with that.

It's also wise to touch base with your broker annually to ensure your interest rate remains competitive.

And if you're thinking about getting a new investment property, speaking with a home loan expert can provide valuable insights into your borrowing power and the ideal timing for your move.

While we're not tax accountants or financial advisors, we're here to lend a hand, connect you with the right people, and help you with any lending strategies you might be considering.

Feel free to reach out to me if you want to chat about reviewing your investment loan.

All the best,

Brad

Brad Gravell
Home Loan Expert / COO