EOFY Property Checklist for Landlords: What You Should Do Before June 30

End of financial year is one of the most important times for property investors. Not because of hype, but because small actions taken before June 30 can directly impact your tax position, cashflow, and overall return.

If you own an investment property, now is the time to make sure everything is in order before the financial year closes.

Here’s your EOFY checklist.

1. Finalise all repairs and maintenance

Any work completed before June 30 may be eligible as a deduction in the current financial year.

Check if you have:

• Outstanding repairs that can still be completed in June
• Maintenance invoices not yet processed
• Safety or compliance work that has been delayed

Even small jobs can add up when it comes to deductions.

2. Review all deductible expenses

Make sure nothing is missed when your accountant prepares your return.

Common deductible items include:

• Property management fees
• Council rates and water charges
• Insurance premiums
• Interest on investment loans
• Repairs and maintenance
• Advertising for tenants

If it relates to managing or maintaining the property, it is worth reviewing.

3. Check your rental income records

It sounds simple, but errors do happen.

Before EOFY:

• Confirm all rent payments are recorded correctly
• Check for arrears or missed entries
• Make sure statements match your bank records
• Review any rent increases that occurred during the year

Clean records now prevent stress later.

4. Depreciation: don’t ignore it

Many landlords miss out on thousands in deductions simply because they haven’t updated or obtained a depreciation schedule.

If your property is eligible:

• Ensure you have a current depreciation report
• Confirm it reflects any renovations or improvements
• Provide it to your accountant before lodgement

This is one of the most underused tax benefits in property investing.

5. Bring forward planned expenses (where appropriate)

Some investors choose to complete planned works before June 30 to bring forward deductions into the current financial year.

This may include:

• Minor repairs or maintenance
• Property improvements (check with your accountant on classification)
• Safety upgrades or compliance work

Timing matters more than most people realise at EOFY.

6. Review your property performance

EOFY is not just about tax. It’s also a natural checkpoint for performance.

Ask yourself:

• Is my rent aligned with current market value
• Has my property performed as expected this year
• Are my expenses increasing faster than my returns
• Is my property manager actively improving performance

A yearly review often reveals opportunities to increase return without buying another property.

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EOFY isn’t just admin. It’s strategy.

The landlords who get the most out of their investment properties are the ones who treat June as a performance checkpoint, not just a paperwork deadline.

If you’re unsure how your property is tracking this financial year, a quick portfolio review can often uncover missed income and unnecessary costs.