While the rewards of property investment can be high, it doesn’t come cheap. Most investors will pay several thousand dollars per year in property management fees, maintenance costs, council and water rates, insurance and loan interest expenses while waiting for their asset to grow. Your rental income will cover a significant proportion of these expenses but tax deductions are very important too, especially if your holding expenses are higher than your income. Australia’s tax system provides generous tax concessions for investors and taking advantage of this […]