223rd Monthly Edition July 2024 - 2.3 Million Australians Declared Rental Income

Good morning Fellow Members,

In the latest data released from the Australian Tax Office shows 2.3 million Australians declared rental income in 2021-22, with about 71 per cent of landlords owning only one investment property (just over 1.6 million).

About 19 per cent (428,000) own two properties, around 6 per cent (132,338) own three properties, while around 4 per cent of landlords (47,633) own four properties.

There are very few landlords (19,530) with five investment properties and a similarly small group with six or more (19,977). 

Overall net rental income for 2021-22 was $6 billion, up from $3.2 billion in 2020-21.

Congratulations to all of you who had the faith, the selected few, holding on to your property port-folio has certainly paid off for you :) 

Until next time, stay healthy, Wealthy and Wise.