News Articles

The renter's guide to end of lease cleaning

The last thing you want to think about when you’re moving house is the cleaning. But if you want your bond back you’re going to have to exert some elbow grease – or save your time and energy and get someone else to do the end of lease cleaning for you. You’ll forgo your bond unless you leave your rental property spick and span for the next tenant. Bond money is normally equivalent to a full month’s rent so is worth cleaning for! It will no doubt come in handy at moving time due to the long list of moving expenses.   End of lease cleaning costs Sometimes you need to spend a little in order to save and this is definitely the case when it comes to hiring professionals to do your end of lease cleaning. End of lease cleaners start from just $15 per hour, with the average hourly rate around the $30 mark. If you’re after an all inclusive package you can expect to pay a flat fee of $250.   What do you get for your money? For $250 you’...

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Tax Depreciation

Much of the discussion around the tax aspects of investment properties has focused on negative gearing, that is, properties where the rental income is less than the cost of servicing the financing for the property. However, whether your property is negatively geared or is delivering a cashflow positive income stream, there are some really important deductions every property owner should know about.   1. You can claim depreciation Most people are familiar with depreciation as it applies to cars and business assets, but did you know a good depreciation specialist can also help you identify things in your investment property that can be depreciated over time? These include floor coverings, window coverings, appliances, any building technology such as solar PV, video security systems or air-conditioning systems. Even an older property will deliver additional tax benefits if a depreciation schedule is drawn up that covers every applicable asset. 2. You can claim agent or proper...

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