Professionals Armidale 
Professionals Armidale property management team leased 43 properties for the month of June which consisted of 29 houses and 14 units. Our vacancy rate fluctuated between 1.25% – 1.8% throughout the month. The average rent achieved was $420 per week. This figure is considerably higher than May due to more houses being leased this month.
All Professionals Armidale landlords will receive their end-of-financial year statement (income & expenditure report) in early July. This is a vital document in relation to your EOFY tax lodgement, so please keep a close eye on your emails.
A recent article published by Metropole Wealth Advisory stated the ATO will be closely monitoring 22/23 tax returns, that are consisting of capital gains calculations, properties held in family trusts and investment property expenses/renovation deductions.
“Our property management philosophy is simple –
to minimise arrears, vacancies, and expenses, and to maximise your return”
Leading into a new financial year is a great time to complete a financial health check on your investment. Do you know what your current interest rate is? If you require assistance, our team can organise a home loan review for you with a specialist mortgage broker, just to make sure you are receiving the best possible interest rate.
Mortgage brokers have access to interest rates that clients are unable to obtain themselves when approaching their bank directly. This home loan review doesn’t necessarily mean a refinance (changing from your current lender to another), it may just be a renegotiation with your existing bank. This health check will also identify the level of equity you have available, and in a slower sales market, now could be a great time to add to your portfolio.
Professional Armidale Landlords Newsletter – June 2023
By Jamie Williams
Director
Head, Property Management / Investment Specialist
Professionals Armidale
M: 0481 173 322
P: 02 6772 4549
