Tips for Selling Houses With Small Space

Whether you

ATO Identifies Claims for Tax Deductions By Property Owners

The ATO has identified certain claims for tax deductions made by property owners, that are areas of concern when claims can be incorrectly made, and in particular the following big four.


Interest that relates to a rental property that is rented or available for rent is tax deductible. It is irrelevant what security is used for the loan. The ATO is concerned that claims are being made for all of the interest on loans where only part of the loan relates to the rental property or that the loan does not relate to the rental property at all. The question to ask is: Why was the borrowing incurred?. If the answer is: To buy an income producing asset, the interest should be tax deductible. Please note that interest may also be deductible when a property is being renovated with the view to its being rented. Interest may also continue to be deductible after the tenancy has finished.


Real Estate Investments & Tax Time

We are now completing another tax year, it is time once again to think about the preparation of your annual taxation.

The following schedule identifies the types of costs that are typical tax deductions for residential investment property owners:

  • Interest on loans to purchase the property, plus interest on loans to undertake repairs, renovations or renovations to investment property. Please note that the ATO has once again flagged interest deductions as an area of interest and therefore the ATO has communicated that interest deductions may be subject to audit.
  • Agent

Finally, a place to vent!

I want to thank Lyn from KGHurst Real Estate for allowing me to tell you how I see the real estate game!

I don’t work in the industry . . . why would I want to?

I have a wife and a child.

I own property that I share with my bank like most Aussies and hemorrhage on the first Tuesday of every month when Glenn Stevens from the RBA says they are lifting interest rates.

I have an investment property that I will use to help pay for my daughter’s education.

I am a small businessman.

I am just like you in so many ways!

Except, you can only vent about your dislike, distrust and discontent with the real estate industry, the RBA, the media and the neighbour that sold his house for $100K less than what you paid for yours, to your mates at the pub or the men and women around the water cooler.

Lyn has given me open slather to share my thoughts as part of her blog. And don’t worry I won’t hold back – I rarely do. I am going to tell you the way I see things.

I think I will remain anonymous at the moment. I just haven’t come up with an alias just yet. Maybe you can help?

Wait until I write a few blogs and then lets see what you think.

Welcome to THE Real Estate Blog for Sydney

What were you doing in 1969?


Well I was heavily pregnant watching Neil Armstrong walk on the moon, as my son was born just a few weeks after. But before that I giggled at the John Lennon and Yoko Ono ‘Love in’ in Quebec. And before that I gazed into the sky after hearing about the first flight of a Boeing 747 and wondered if I would ever have the opportunity to go in a Jumbo Jet.

And just a few weeks before that in late January 1969, I started my career in the Property Management business in Eastwood.

Maybe some of you reading this were not even born in 1969, so for more than your life time I have been managing properties in Eastwood, Epping, North Ryde, Marsfield, Denistone, Meadowbank and many other suburbs in Sydney’s north shore. Maybe some of you were also around in 1969, if that is the case we should get together and have