A common question for Real Estate Agents what are the tax benefits of being a property investor.

We have sourced 10 tips that could help answer your property investor questions!

Tip #1 - Tax benefits of investment properties – a number of deductions can be claimed on your tax return, such as interest paid on the loan, repairs and maintenance, rates and taxes, insurance, agent's fees, travel to and from the property to facilitate repairs, and buildings depreciation. *Propertytutors.com

Tip #2 - Investment Properties can be negatively geared – tax deductions can also be claimed as a result of negative gearing, where the costs of keeping the investment property exceed the income gained from it. *Propertytutors.com

Tip #3 - There are many benefits from having an investment property when deciding to take out another loan or invest in something else. Showing your potential lender that you have the ability to maintain a loan without defaulting will be highly regarded. The property can also be useful as security when taking out another home, car or personal loan.

Tip #4 - On top of other tax deductions, the government also allows you to depreciate the purchase price of your investment property based on a set depreciation schedule, even if your property is actually appreciating in value.

Tip #5 - Property investment can be less volatile than shares or other investments.

Tip #6 - When looking for investment properties look for areas where high growth is expected, in other words where there is potential for capital gains. Property experts regularly provide tips on up and coming suburbs, just make sure you are aware of any biases they may have.

Tip #7 - When looking for a investment property look for a property that will attract more than one segment of the rental market such as singles, couples, young families or retirees

Tip #8 - When purchased with long term plans, property can be invested in and forgotten about, especially when it is a piece of land in an upcoming area. This is not possible in other investments.

Tip #9 - Property investments are protected from fraud and cheating- this is due to their highly visible state and it is not just an asset on paper. *Propertytutors.com

Tip #10 - A forced savings investment- Buying property through mortgage, makes even the biggest spendthrifts save forcibly since they cannot afford to miss a mortgage payment. *Propertytutors.com