AustraliaServices Industries we knowReal estate

Industries we know

Real estate for Australian businesses

Property-level reporting, and entity structures that stay separate.

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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 teamReal estate, the reconciliations and reporting behind it, and the questions list that keeps it honest.
Your registered BAS or tax agentEverything 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.
YouOne 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

Questions worth asking before you start

Who actually does the work — a person or an AI tool?

A named person on our team owns your file and reviews everything that leaves it. Software does a real share of the grinding underneath it — coding, matching, flagging the obvious gaps — but nothing regulated happens without a person’s judgement, and nothing here is signed or filed by an algorithm.

Is there a filing or lodging step here?

No — real estate is operational work inside your books, not something submitted to ATO. Where a filing does sit downstream of it, inside industries we know more broadly, that stays with your registered BAS or tax agent, never with us.

Which software do you work in?

Whatever you already run. Most commonly QuickBooks, Xero, NetSuite, Sage, Zoho Books and a handful of others — we work inside your system rather than moving you onto one of our own.

How does this actually start?

A short, free read-only look at what you already have, and a written note on what we found. A scoping call decides the size of the engagement — nothing here commits you to anything.

What does it cost?

There is no published price for real estate — it depends on volume, how many entities are involved, and how far behind the books are. We quote after the read-only review, which is free.

How does this fit with the rest of industries we know?

Real estate sits inside industries we know, alongside Ecommerce, SaaS and software, Professional services. Most clients end up buying the category as a whole rather than one leaf at a time, but starting narrow is fine.

Do you hold or reconcile our trust account?

No — under the state's Agents Act, that reconciliation and the mandatory annual audit sit with the licensee holding the trust account, performed by a registered trust account auditor. We maintain the ledger detail that reconciliation is checked against.

What happens to a bond once we collect it from a tenant — do you hold it?

No party in the transaction holds it beyond a short window — by law, residential bonds are lodged with the state's bond authority (the Rental Bond Board, RTBA, RTA, or equivalent) and released only through that authority's process. The trust ledger reflects the lodgement, not custody of the funds.

Do you decide what outgoings are recoverable, or what the cap is, under a commercial lease?

No. What's recoverable and any cap on increases is set by the lease itself, within the boundaries of the state's retail leases legislation. We apply exactly what the lease specifies — a question about how the lease should be read goes to you or your lawyer.

Can you work inside PropertyMe, Console Cloud, or Rockend, or do we need to move to Xero?

Both — we work inside whichever platform your portfolio already runs on, or Xero with tracking categories for smaller holdings, rather than requiring a migration.

Our portfolio is split across a trust, a company, and individual ownership. Do the books stay separate?

Yes — each entity gets its own books by default. A consolidated view across the portfolio is built only if you specifically ask for one; nothing is blended by default.

Do you determine how much loan interest is deductible after a redraw?

No — that apportionment is your accountant's determination, made under ATO guidance. What we provide is the drawdown-by-drawdown detail against the loan schedule that determination needs to be made from.

Who actually issues the annual outgoings reconciliation statement to tenants?

The landlord or the managing agent of record issues it. We prepare the reconciliation workpaper — actual expense against the estimate, on the lease's pro-rata terms — that the statement is based on.

Do you handle owners corporation or strata levies?

Yes — routine and special levies are coded and reconciled per property, with capital-works levies flagged separately from operating expense for the accountant.

Does someone check whether our portfolio has crossed a land tax aggregation threshold?

No — that determination against the state revenue office's aggregation rules is your accountant's call. What we keep ready is entity-level books that make that check possible without reconstructing the portfolio first.

Do you get involved with commercial bank guarantees used instead of a cash bond?

We track the bank guarantee's amount and expiry in our lease administration records for CAM and outgoings purposes. Holding, issuing, and managing the guarantee itself sits between the landlord and the bank.

Your CapEasy experts

Connect with us

Talk to the people who handle this work every day — no call centre, no hand-offs.

Ayush Joshi

Ayush Joshi

Co-Founder

Ex-OYO and Tenaciousfly. 7+ years in business development, strategic acquisitions, financing and debt syndication.

Aditya Jain

Aditya Jain

Co-Founder

Ex-Bank of America. 4+ years in investment banking, EU & Indian compliances, ESG compliances, and project management.

Manav Raval

Virtual CFO & Tax Specialist

Section 80-IAC, tax planning and startup compliance. Previously at Toyota Motor Corporation and Jaguar Land Rover.

Ayush Faldu

Virtual CFO & Tax Specialist

Financial strategy, budgeting and cash flow — a CFO’s judgement, monthly.

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