Most investors think purchase price and rent are the only figures that matter… but what about the costs that creep in later?
If you’re an investor in Victoria, you probably already know your purchase price and potential rental income. But many overlook the real, ongoing property investment costs in Victoria that can seriously affect long-term returns. From compliance upgrades to missed tax deductions, these hidden costs can chip away at your bottom line if they’re not managed proactively.
At BISE Property, we work closely with investors to uncover these hidden drains on ROI before they become financial headaches. Let’s break down the five biggest unseen costs and how to stay ahead of them.
Since the introduction of the Residential Tenancies Regulations 2021, rental providers must now meet a set of minimum standards covering heating, electrical safety, weatherproofing, window coverings, and more.
Electrical safety upgrades, particularly replacing old fuse boards with compliant switchboards fitted with residual current devices (RCDs), are among the most common, and expensive, compliance improvements. This typically costs $1,100–$1,500.
How to avoid budget blowouts: At BISE, we coordinate fixed-price quotes and payment plans through our trusted trades network. No bill shock. Just streamlined, stress-free upgrades that keep your property compliant and your renters safe.
A dripping tap or cracked tile might seem harmless. That is until it turns into mould, water damage or even legal risk.
Too many investors take a reactive approach to maintenance, waiting for something to go wrong. But at BISE, we take a preventative approach. Our routine inspections flag small issues early, allowing you to address them before they escalate into costly repairs or rental disruptions.
Another area investors often miss is tax savings.
Many fail to claim depreciation on items like carpets, blinds, appliances, or even the building structure itself. If you own a newer property, a depreciation schedule prepared by a qualified quantity surveyor could save you thousands over the life of your investment.
Not sure where to start? We’ll connect you with reputable professionals and work alongside your accountant to maximise deductions.
Every week your property sits vacant, you’re losing income whilst also paying for cleaning, re-letting fees, and marketing.
Our fast leasing strategies, professional photography, and strong renter retention plans mean less downtime and higher-quality tenants. We even proactively communicate with renters nearing lease-end to reduce last-minute turnover surprises.
Landlord insurance policies vary significantly. Many investors mistakenly believe they have comprehensive coverage until they face unexpected expenses like legal fees, unpaid rent, or property damage.
As the State Revenue Office Victoria reminds us, we are responsible for ensuring that all applicable land taxes, rates, and charges on your property are paid.
The solution? We help you review and tailor your insurance coverage to your specific risk profile, no guesswork involved.
We do more than manage tenancies. We protect your investment through:
Our goal is simple: help you achieve higher returns, lower stress, and stronger long-term outcomes.
Even experienced investors can get caught out by hidden property investment costs in Victoria. But with the right property manager by your side, you can plan ahead, reduce risk, and make smarter decisions.
Want to reduce the hidden costs eating into your investment returns? Get in touch with us today.
