The End of Financial Year Checklist for Property Owners (2026)
June 30 is the one date on the calendar when every property owner becomes a paperwork person. Here is the upside nobody mentions: the documents you are about to dig out for your accountant are the exact documents a home loan review needs. Pull them once, use them twice, and you can walk into the new financial year with your tax sorted and a sharper rate.
This checklist covers both halves: what to claim and bring to your accountant, and the loan moves worth making before the clock runs out. It is general information, not tax advice; your accountant owns the specifics of your return.
The EOFY logic in one line: your accountant closes out the year that just ended. A quick loan review sets up the one about to start, and any saving begins compounding from July 1.
In short: at end of financial year, property owners can claim deductions such as loan interest, management and maintenance costs, and depreciation, but only with the right paperwork. Pull together your loan and interest statements, agent summaries and receipts before you see your accountant, and review your loan structure, because a few moves before June 30 can cut both your tax and your interest.
What can property owners actually claim at tax time?
For the home you live in, the short answer is: on the loan itself, generally nothing. For an investment property, the loan is usually the single biggest deduction you have. The table below is the at-a-glance version; the ATO’s rental property guide has the fine print.
| Item | Tax treatment (general) |
|---|---|
| Interest on an investment property loan | Deductible this year |
| Interest on the home you live in | Not deductible |
| Property management fees, rates, insurance (investment) | Deductible this year |
| Repairs to a rental (fixing what broke) | Deductible this year |
| Improvements and renovations to a rental | Depreciated over time, not claimed at once |
| Borrowing costs on an investment loan (LMI, fees) | Spread over 5 years or the loan term |
| Loan money redrawn for private spending | Not deductible, and it muddies the loan’s purpose |
General guidance only, current as at June 2026. Confirm your position with your accountant or the ATO’s rental properties guidance.
What should I bring to my accountant at EOFY?
- Annual interest summaries for every loan, available in your bank’s app from early July.
- Offset and redraw statements, because what moved through the loan affects what is deductible.
- Rental statements from your property manager, or your own records if self-managed.
- A depreciation schedule from a quantity surveyor. If you own an investment property and have never ordered one, it routinely pays for itself in the first year.
- Settlement statements if you bought, sold or refinanced during the year.
- Receipts for repairs, insurance, rates and land tax.
Hunting for an accountant this late in June? Both CA ANZ and CPA Australia run public directories of current members. (And if you are the accountant, we wrote a guide to your own LMI waiver.)
The redraw and offset trap investors keep falling into
If you pay extra into an investment loan and later redraw it for private spending, a holiday, a car, school fees, that slice of the loan generally stops being deductible, and your accountant has to apportion the interest forever after. Money parked in an offset account does not touch the loan, so it avoids the problem entirely. If there is any chance your home becomes a rental later, this one structural choice protects thousands in future deductions.
Five loan moves to make before June 30
- Find your exact rate. Two decimal places, from the app, not memory. Compare it against what new customers are offered; the gap is your loyalty tax. Our 5 minute self-audit walks through it.
- Investors on fixed interest-only: ask about prepaying interest. Done before June 30, it can pull next year’s deduction into this return. Accountant first, lender second.
- Check your fixed-rate expiry. If it lands in the next six months, the revert rate is the most expensive default setting in banking. Diarise it now.
- Move spare cash to offset, not redraw, for the reason above.
- Book the review before the new year starts. The paperwork is already on the table, and a saving locked in now works for all twelve months of the new financial year.
New financial year, new rate?
Most people’s loans got reviewed at settlement and never again. If that is you, EOFY is the cheapest possible moment to fix it: every document a broker needs is already in the pile you made for your accountant. We compare 40+ lenders, we are paid by the lender rather than by you, and if your current deal is genuinely good we will tell you to keep it.
EOFY property owner FAQ
What is the end of financial year checklist for property owners?
Gather your loan interest summaries, offset and redraw statements, rental statements and depreciation schedule for your accountant, then use the same paperwork for a home loan review before June 30 so any rate saving starts from July 1.
Can I claim my home loan interest on tax in Australia?
Interest on a loan for the home you live in is generally not deductible. Interest on a loan used to buy an income-producing investment property generally is. What the borrowed money was used for decides it, not which property secures the loan.
What documents does my accountant need for an investment property?
Annual interest summaries for each loan, statements showing offset and redraw activity, rental income statements from your property manager, a quantity surveyor’s depreciation schedule, expense receipts, and settlement statements if you bought or sold during the year.
Can I prepay next year’s interest before June 30?
Some lenders let investors on fixed interest-only loans prepay up to 12 months of interest before June 30, which can bring the deduction into this financial year. It suits some tax positions and not others, so it is a decision to make with your accountant.
Are refinancing costs tax deductible?
For investment loans, borrowing costs such as application fees and LMI are generally deductible spread over five years or the life of the loan, and exit costs from the old loan may be deductible too. Costs on a loan for your own home are not.
When is the best time to review my home loan?
Now, if it has been more than a year. EOFY is the natural moment because your statements are already gathered for tax, and any improvement you lock in starts working from July 1, the first day of the new financial year.
Reviewed June 2026. General information only, not tax or credit advice. More plain-English definitions in our mortgage glossary.
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