Investing in property as an asset class is an excellent method to create meaningful long-term wealth through leveraged returns and passive income. There are generally two types of investment property rental options, short-term or long-term rental agreements. Each have their own pros and cons which we’ve outlined below. Long-term rental investments Long-term rental investments involve leasing
With the end of the financial year upon us, it’s a good time for rental property owners to look at different types of rental expenses and deductions. This can help to avoid common tax mistakes and save you time and money. In 2019–20, over 1.8 million Australians owned rental properties and claimed $38 billion in
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