empowering & easy property management

KingsCoin, under the leadership of Managing Director John Higginson, came into existence in 2011. From its inception, the company has embarked on an unwavering journey of growth, anchoring its success in a dedicated focus on technology innovation and a steadfast commitment to its cherished customers, always aiming for mutually beneficial outcomes.

Our STRA Property Management fee for short term rentals is 15% + GST. There is a once off set up fee of $750 + GST to cover the templates, photography and editorials. Again we work on a commission basis so will only get paid as you receive income.

We use several different companies with whom we have relationships with depending entirely on your needs. When partnering with a property maintenance company, we consider costs, quality of work, timing and the on-going relationship.

We ensure that our tradesmen understand the needs of landlords and we also ensure we are not sending out tradesmen for simple jobs that we or the tenant can easily remedy.

The KingsCoin team manage over 80 short term rentals nationwide.

The financial benefits of owning an investment property is that you have your tenant paying off the property for you. Over the long-term, you will not only own your property, but the re-sell value is likely to increase as well.

At this point, the property either continues to generate you a regular income or you can sell it and pocket the profits. Consider it one of your best savings accounts!

Property investment also allows you to leverage your wealth. If you've got $50,000 and you go and buy shares, you're buying $50,000 worth of shares. In property investment, if you've got $50,000, you can buy a $400,000 asset. At five percent increase in the value on a $400,000 asset is far greater than a five percent increase $50,000 asset for the same amount of actual equity investment.

Aside from negative gearing, there is another way to lower your income tax through property investment. It is done by using the depreciation of a property as an offset to your income tax.

As an example, if your rental income is $20,000 per annum, while your mortgage repayments are $19,000, you're making $1,000 profit. But by depreciating the value of that property by $10,000 per annum, you're actually making what's seen as a loss of $9,000.

That loss you offset it against your income tax. Most of that depreciation comes in the first five years or so, so typically this strategy is more successfully applied to a new property.

However, please note depreciation is a tax deferral, not a rebate. This means when you sell the property, you've got to pay that money back to the ATO.

Positive gearing occurs when your property is earning you an income from the rent you charge. The revenue is greater than the expenses. 

Negative gearing occurs when the cost of owning a property outweighs the income it generates each year. This creates a taxable loss, which can normally be offset against other income including your wage or salary, to provide tax savings.

Yes, we recommend you do. KingsCoin can offer our experience to help you find the right broker. Not all companies are created equal across the board. Some brokers are good for certain types of products only. KingsCoin advises our clients to use a mortgage broker rather than going directly to a bank.

This is because a good mortgage broker will know which banks to put your application in front of based on again the bank’s eagerness to do business, the costs involved and interest charged. Mortgage brokers are paid by the bank.

KingsCoin can help to find you a trusted brokers who will place your financial well-being ahead of their fees so you can find the best mortgage to invest with.

We have created a blog article on this topic, to really give you details. Click here to view the blog