Time for property investors to review their property plans

With the end of the financial year fast approaching it’s a good time to sit back and analyse your financial position in the same way that a small business does (or should!). Regardless of whether you have 1, 3, 5 or more properties you need to treat them all like a business. Undertake regular reviews, no less than six monthly.

As a stocktake here are a few things that you should ask yourself:

• Am I confident that I am making my property assets work hard for me?
• Am I taking advantage of all the tax deductions I am legally entitled to? 
• What is my plan for the future growth of my property portfolio?
• Am I on track to reach my retirement needs?
• Am I paying the lowest interest rate available to me?
• Are there any financial changes that I need to implement now to make it easier for me to achieve my property plan for the coming financial year?

These type of questions, if asked regularly, will help to keep you on track to achieve your financial goals. If you would like help with answering any of them then give me a call on +612 9904 4722 or click here to send me an email. If I can't personally help you I will be happy to point you in the direction of someone that I know who can.