Maximising your ROI for investment Properties

Maximising your ROI for investment Properties

by Aaron Ware

There are some great examples of ways to improve the ROI on an investment property such as leasing your property fully furnished or installing property improvements such as air conditioning

An option you may not have considered however, is installing Solar Panels. 

Canstar found that the average Queensland Power Bill to be $1,608 per annum. So the average home is spending a pretty penny on their power, regardless if they’re renting or if they own the property. Installing Solar Panels on your investment property means that not only is the property significantly more attractive to tenants, but it means you can offer a higher rental rate as a result! You don’t need to wait until a new lease to be signed either, get in touch with your property manager and chat to them about negotiation of a rental increase. 

The cost of the system will be covered in the increase in rent that you can attract, typically within 3 years. 

As you can see, it’s a win-win for both tenant and landlord. The only loser in this scenario is the energy retailer! 

The cost of improving the home can also be considered as a taxable deduction on the income that you generate from your rental property, meaning you’re saving there as well!  It will depend on personal factors and circumstances for your particular investment strategy, so chat to your accountant! 

Despite the obvious benefits, it can still be a big decision whether to consider improvements on any investment property. If you’re investing long term, improvements such as Solar Panels can assist with acquiring long term tenancies in order to reduce vacancy rates. 

Continue reading

Australia Breaks Another World Record

Australia Breaks Another World Record

In Australia, we don’t always break world records, but when we do… We go big! Recently, the rise of solar power has been responsible for Australia being globally recognised as an official big player in the world renewable energy industry. The significant growth of...

Can Solar Panels Really Power a House?

Can Solar Panels Really Power a House?

With the right setup: yes, absolutely. But the average solar system installed in homes across Australia probably won’t. Don't worry though; that doesn’t mean you’ll be spending thousands on energy bills. Our solar team discusses how much solar panels in Brisbane...