Via Domain:
The expenses of landlords who negatively gear investment properties have been revealed in new figures showing property owners collectively spent millions of dollars on gardening, office costs and travel.
Expenses claimed for loss-making rental properties, 2016-17
EXPENSE COST ($) Interest on loan(s) 18,003,089,767 Capital works deduction 2,686,282,577 Plant depreciation 2,267,756,183 Council rates 1,975,758,715 Repairs and maintenance 1,861,206,782 Property agent fees/commission 1,601,497,785 Body corporate fees 1,438,526,797 Insurance 931,868,817 Water charges 923,262,139 Sundry rental expenses 759,398,052 Land tax 558,241,139 Borrowing expenses 271,147,449 Travel expenses 269,430,348 Cleaning expenses 175,716,353 Gardening/lawn moving expenses 145,180,853 Advertising for tenants 75,996,265 Pest control 49,494,620 Stationery, telephone and postage 41,728,055 Legal fees 39,258,601
