What is real estate?
Property-level reporting, and entity structures that stay separate.
A property portfolio's books have to answer a per-property question that a single blended ledger can't: how did this property perform, on its own, this period. An investor or lender reading a refinance package wants net operating income by property, and an accountant preparing a distribution or a tax position wants entity-level detail, not a management company's combined book. We structure the ledger around that unit — tracking categories in Xero, or the per-property ledger a platform like PropertyMe, Console Cloud, or Rockend already keeps — and close each property to that standard every period.
Portfolios of any size are often split across a mix of trusts, companies, and individual ownership — a structure your accountant set up for asset protection and tax planning, not for convenience. Most states test land tax against aggregated landholdings across related entities within that state, so a question about whether a portfolio has crossed an aggregation threshold is only answerable if the entity-level books are actually separate. We book at the entity level the structure calls for, and keep it that way, so that question is a report to run, not a portfolio to reconstruct.
Who does what
| Your CapEasy team | Real estate, the reconciliations and reporting behind it, and the questions list that keeps it honest. |
| Your registered BAS or tax agent | Everything that carries a licence in Australia — rendered exactly as written: work out what goes on your bas, or advise you on it — under tasa 2009 that requires registration we do not hold. |
| You | One conversation with one named person, and the decisions that are genuinely yours. |
Real estate in Australia
Bonds are lodged with the state, not held by the agent
A residential tenancy bond doesn't stay in the agent's own trust account — it's lodged with the state's bond authority (the Rental Bond Board in NSW, RTBA in Victoria, RTA in Queensland, and equivalents in other states) within the required window, and released only through that authority's process at the end of the tenancy. We reconcile the bond ledger against the authority's own lodgement and release record, not just the trust bank balance.
Trust accounts carry a mandatory annual audit, separate from us
An agent's trust account is governed by the state's Agents Act — receipting deadlines, monthly reconciliation, and an annual audit by a registered trust account auditor are all statutory obligations sitting with the licensee holding the account. That reconciliation and audit sign-off sits with the licensee; we maintain the ledger detail it's checked against.
Outgoings reconciliation under state retail leases legislation
Commercial and retail leases fall under state retail leases legislation — the Retail Leases Act in NSW and Victoria, the Retail Shop Leases Act in Queensland, and comparable acts elsewhere — which sets a mandatory annual outgoings reconciliation statement to the tenant, and in some states requires an auditor's certificate once turnover crosses a threshold. We build the reconciliation against actual expense on the lease's own pro-rata terms, ready for that statement to go out on time.
Land tax aggregation across related entities
Most states assess land tax against a landholder's aggregated landholdings within that state, including related trusts and companies, with the aggregation rules and thresholds set by each state's revenue office. Entity-level books that stay genuinely separate are what let your accountant answer an aggregation question from actual data, rather than reconstructing the portfolio's landholdings from a blended file.
What your registered BAS or tax agent receives from us
- Property-level profit and loss and balance sheet per property or entity, tied to PropertyMe, Console Cloud, Rockend, or Xero tracking categories
- Bond ledger reconciled to the relevant state bond authority's lodgement and release record, not just the trust bank balance
- Outgoings reconciliation workpaper per commercial lease, actual versus estimate, ready for the annual tenant statement
- Loan amortisation schedules maintained monthly, with interest-only periods and redraws tracked and the principal-interest split posted correctly
- Owner distribution statements per property
- Fixed asset register for capital works, ready for the quantity surveyor's Division 40 and 43 schedule and the accountant's depreciation claim


