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Property Investor Newsletter Keeping you up to date with the real estate industry June 2014 Ray White Uxcel Suite 11, 222 Walter Road West, Morley WA 6062 T (08) 9275 7777 E


It is fast approaching 30th June, and now is the time (if you have not done so sooner) to review your investments. How are they performing and is there anything you can do to minimise your tax for this financial year? If you have maintenance, renovations or repairs to be carried out at the property now could be the time to undertake the works. We strongly recommend that you consult your Accountant to assist with minimising your tax.

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IMPORTANT: This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not constitute or convey advice per se. Every effort is made to ensure the contents are accurate at the time of publication. Clients should seek their own independent professional advice before making any decision or taking action. We take no responsibility for any subsequent action that may arise from the use of this newsletter. Published by THE PPM GROUP

PREPARING FOR TAX TIME Are all your investment accounts, receipts and invoices organised and ready for your accountant? The end of the financial year can be stressful for some, so to assist you in not forgetting any tax deductions we have taken the time to outline an overview of what can be claimed: Remember you need the documentation to support your claims. •Advertising for a tenant •Bank charges •Body corporate fees •Borrowing expenses •Capital works •Cleaning •Commission, management and let fees •Depreciation •Insurance •Interest •Land tax •Lawns and gardens •Legal fees •Office supplies IN THIS ISSUE: •PREPARING FOR TAX TIME •PERTH RENTS •LANDLORD PROTECTION INSURANCE •EQUITY IN YOUR INVESTMENTS? •YES WE CAN COMMUNITY SUPPORT CARD • GET CONNECTED WITH RAY WHITE UXCEL

•Pool maintenance •Phone •Pest control •Rates •Repairs/maintenance •Water charges * This is a summary of important items that can be claimed and is not a full comprehensive list. BEWARE The Australian Taxation Office is increasingly using data matching to check on claims made by taxpayers. As your managing agent we are here to assist you and can provide you with an End of Financial Year summary statement for your property/s outlining all income and expenses. If you did not tick in your management authority to receive your End of Year Financial summary and now would like one, please ensure you notify your property manager.

DO YOU HAVE EQUITY IN YOUR INVESTMENTS? Many investors are surprised to discover that they can purchase additional investment properties with no cash money required up- front. The market is turning! Don’t wait until prices rise any further. Invest today in your future.

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REMINDER! DO YOU HAVE LANDLORD PROTECTION INSURANCE? Don’t leave it until it is too late. Circumstances with tenants can change. Job loss, relationship changes… For such a minimal tax-deductible cost you can be protected from the unexpected rent loss or property damage.

Are you looking to buy or sell property? Why not increase your investment portfolio? Contact us today for all of your real estate needs! T (08) 9275 7777 E

Perth rents have dropped again, according to the latest figures for April. Rents dropped $10 to a median of $450 per week across the metropolitan area for the three months to April, data released today from the Real Estate Institute of WA shows. There are now more than 5000 rental homes on the market in Perth, representing a vacancy rate of 4 per cent. And instead of queues 20 deep at rental home inspections as was seen in 2012, For Lease signs can now be seen in suburbs across the city. “Supply is now a third above where it might usually be and the number of properties for rent is around 56 per cent higher than the same time last year,” REIWA president David Airey said. “As a result we have seen the median rent slowly coming down over the last nine months, having dropped again around April,” Mr Airey said. The data shows the median weekly rent for a house is now $460 per

week while apartments and units cost a median of $440 per week. “This represents a drop of 2.2 per cent in the three months to April and 4.3 per cent over the last year,” Mr Airey said. Rents peaked in September last year at a median of $480 per week, although the market had been easing since early 2013. Mr Airey attributed the shift in the market to the downturn in the mining sector, slower population growth and first homebuyer activity over the past year. “Many tenants have left the rental system to buy a home of their own while interest rates are very low,” Mr Airey said. Mr Airey said it was important for landlords to understand the changed conditions and to talk with their property managers about setting the right price for new leases. Source:

SUDOKU COFFEE BREAK Every row & column, and 3 X 3 box, must contain the numbers from 1-9. Good luck!

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Landlord Newsletter June 2014