EOFY 2025 Checklist for Landlords: Maximise Returns & Stay Compliant
As we approach the end of the 2024–2025 financial year, now is the perfect time for landlords to get organised. Whether you own one investment property or several, this EOFY checklist will help you ensure you're maximising deductions, staying compliant, and setting yourself up for a stronger year ahead.
✅ 1. Collect Your Rental Income Records
Start by pulling together a full record of all income earned from your investment property over the financial year, including:
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Rent payments
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Bond money retained (if applicable)
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Insurance payouts
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Lease break fees or tenant reimbursements
✅ 2. Organise Deductible Expenses
Keep receipts and records for any claimable expenses. Common deductions include:
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Property management fees
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Repairs and maintenance
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Insurance (building, landlord, contents)
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Council and water rates
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Strata levies
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Loan interest (not principal)
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Advertising for new tenants
💡 Tip: Store your receipts digitally to streamline tax time.
✅ 3. Know the Difference: Repairs vs Capital Improvements
Repairs (like fixing a leaking tap) are generally deductible in the year incurred.
Capital improvements (like renovating a kitchen) need to be depreciated over time.
🧾 Unsure which is which? Speak with your accountant for guidance.
✅ 4. Check or Update Your Depreciation Schedule
If your property is newer or has had upgrades, you could benefit from a depreciation schedule prepared by a quantity surveyor. It could significantly increase your annual deductions.
🔗 Need a trusted referral? Contact us.
✅ 5. Consider Prepaying Eligible Expenses
Some landlords choose to prepay 12 months of expenses before 30 June (e.g. interest, insurance) to claim a larger deduction this year.
⚠️ Check with your tax advisor before doing this—it depends on your overall tax strategy.
✅ 6. Review Insurance & Safety Compliance
Take this opportunity to ensure your property is compliant and protected:
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Smoke alarms are tested and working
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Landlord insurance is up to date and covers loss of rent and damage
✅ 7. Evaluate Property Performance
Now’s a great time to review:
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Is your rent keeping up with the market?
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Are there opportunities to improve value or yield?
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Is your property manager delivering value?
📊 We offer annual reviews to help you plan strategically—speak to our team to book yours.
✅ 8. Meet with Your Accountant
Once your records are organised, your accountant can:
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Finalise your tax return
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Maximise your deductions
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Review loan structure and tax strategy for the year ahead
Need Help Preparing for EOFY?
At MIX Property Group, we help landlords navigate property management, with great planning and compliance ensured—every step of the way.
📞 Get in touch for a personalised EOFY review or to discuss your rental strategy moving forward.
👉 Contact Us