If you’re a first-time property investor, chances are you’re focused on things like location, loan pre-approval, and rental yield. But there’s one key step many new investors overlook — speaking with an accountant.
Before you sign a contract or even start your property search, here’s why having the right accountant in your corner can make a big difference to your long-term success.
1. Choose the Right Structure from the Start
As a first-time investor, you might assume buying a property in your personal name is the default option. But that’s not always the best fit.
An accountant can guide you on:
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Whether to buy in your name, a trust, or jointly.
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The tax implications of each structure.
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How your investment affects your income and borrowing capacity.
2. Understand What You Can and Can’t Claim
One of the biggest advantages of property investment is the ability to claim deductions. But what exactly can first-time investors claim?
An accountant will help you:
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Maximise your deductions — including mortgage interest, property management fees, insurance, and depreciation.
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Understand negative gearing and how it affects your tax return.
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Stay ATO-compliant while reducing your taxable income.
3. Get a Clear View of Your Cash Flow
It’s easy to get excited about potential rental income, but have you accounted for everything else?
A good accountant can help you forecast:
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Upfront costs like stamp duty and legal fees.
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Ongoing expenses like maintenance and land tax.
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Future capital gains tax if you sell.
4. Align Your Tax Strategy with Your Property Goals
A smart investment strategy isn’t just about buying the right property — it’s also about structuring your finances to build long-term wealth.
Your accountant and mortgage broker (that’s us!) can work together to:
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Optimise your tax position.
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Create a plan for future investments.
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Ensure your loan structure supports your financial goals.
Final Word: Don’t Go It Alone
Buying your first investment property is a big milestone. With the right team — including an accountant and mortgage broker — you’ll be setting yourself up for success from day one.
