MYPLACEEST.2003 myplacensw.com.au

Investment property review

Know where your property stands, and where it could go

Tell us about your investment and your plans. We’ll come back to you with a personal action plan covering rent, condition, improvements and the specialists worth talking to.

  • Takes about 10 minutes
  • Your answers save on this device as you go
  • Nothing is sent until you choose to send it
Start your review

Step 1 of 8

You and your property

So we know who you are and which property we’re reviewing.

Enter your name so we know who the review is from.
Enter a valid email so we can send your action plan.
Best way to reach you
Enter the property address so we can review the right property.
Your best guess is fine. Used for yield.
Is MyPlace managing this property?

Step 2 of 8

Your goals

Every recommendation we make starts here.

What matters most from this property?
Anything coming up in the next two years? Choose any that apply.

Step 3 of 8

Rent and tenancy

How the rent compares to the market, and how the tenancy is going.

per week
per week
Leave blank if unsure. We’ll give you a market rent appraisal.
How are rent payments going?

Your rent, compared

Gap to market
–
Over a year
–
Gross yield now
–

Based on the figures you entered. Rent increases must follow NSW tenancy rules on notice and frequency, so any change would be planned around the lease.

Step 4 of 8

Condition and compliance

What’s known about the property’s condition, and what needs watching.

Inspections and maintenance

Any recurring problems? Choose any that have come up more than once.

Safety and compliance

Not sure is a perfectly good answer. We’ll check these for you.

Smoke alarms tested and compliant this year
Electrical and gas safety check done in the last two years
Window safety devices fitted (if above ground level)
Pool or spa barrier certificate current
Blind and curtain cords secured
Strata by-laws and building issues up to date (if strata)

Step 5 of 8

Improvements

Choose any upgrades you’re considering. Add a rough cost and the extra weekly rent you think it could bring, and see how long it would take to pay for itself.

Use 0 if work can be done with tenants in place.

What it could return

Total cost
–
Extra rent a year
–
Return on cost
–
Pays for itself in
–

Simple payback = (cost + rent lost during works) ÷ extra annual rent. Before tax, and excludes depreciation, finance costs and any lift in property value. Your estimates, not a guaranteed return.

Step 6 of 8

Income and expenses

Yearly figures give the clearest picture of cash flow. Approximate is fine, and blanks are counted as zero.

% of rent
per year
per year
per year
per year
per year
per year
per year
e.g. letting fees, pest control, gardening
per month

Your cash flow, at a glance

Rent received
–
Running costs
–
Before loan
–
After loan
–
Net yield
–

Rent received uses your current weekly rent less weeks vacant. Figures are before tax and depreciation.

Step 7 of 8

Finance, insurance and tax

Three areas where a quick review often pays for itself. Introductions are optional, and we only share your details if you tick the box.

Finance

Cam, Shore Financial

A mortgage review checks your rate, loan structure and whether your equity could be working harder.

Insurance

Terri Scheer

Landlord insurance specialists who can check you’re covered for rent default, tenant damage and liability.

Tax depreciation

Do you have a tax depreciation schedule?
Improvements made since then?

BMT Tax Depreciation

A schedule can let you claim the wear of the building and its fittings. If you’ve renovated since yours was done, it may be worth updating.

Step 8 of 8

Review and send

Check your answers, then send them to MyPlace. We’ll prepare your action plan with recommendations, costs and timing.

“Email my review” opens your email app with your answers addressed to emma@myplacensw.com.au. Press send in your email app to submit. Your answers stay on this device until then. MyPlace will only share your details with the specialists you’ve ticked.