Property investment is a popular strategy for building wealth,
particularly in Australia. However, it is not as simple as buying a property and waiting for the profits to come. The type of property you choose to invest in may significantly impact costs you incur and your overall return.
A top priority for investment property owners is to optimise their returns and enhance the profitability of their real estate portfolios.
The ATO has obtained extensive data on residential investment properties. The data is obtained from property managers, landlord insurance providers and financial institutions providing loans for residential investment properties, as well as income protection policy information. This data will be used to identify taxpayers with incorrect information in their tax returns and educate them. The ATO plans to pre-fill more information in future years.