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Markets15 June 20215 min read

June 2021: EOFY 2021 and the strongest financial year on record

FY21 closed with national dwelling values up 13.5% — the strongest financial year since 2003.

The print

CoreLogic's June 2021 read: combined capitals +13.5% FY, regional Australia +17.7% FY. Hobart was the strongest capital at +19.6%. Investors who had used EOFY 2020 for refinance and acquisition had compounded their position by ~30% net of costs.

EOFY 2021 strategy

The EOFY 2021 play was different: most investors couldn't add. The play was depreciation harvest — getting Quantity Surveyor reports lodged on every new-build acquisition before 30 June to maximise FY21 deductions against the strongest income year of their careers.

Dax Stanley

Founder & Principal Strategist, Hera Property. #1 international bestselling author of Real Estate Investing Using ChatGPT.