By this statement you made it shows you did little or no investigation or rationalise of any depth into the cost of owning a property.
Land tax - It is quite clear at the ATO how much land tax you are required to pay, was it the first time you ever heard of such a thing was when you got a letter from the tax office? When you brought your investment property did you not think it would go up? This cost is layed at your feet, did you include in the rental lease with the tenant that "if the price of my property goes up, that you the tenant will be required to pick up the cost of the land tax"? Is that in the lease?
"Was never designed for this". What was it designed for then? It is a tax that values all the owners land in that state, property in other states are not considered for land tax, but they should be.
All your other costs have also gone up, again did you tell the tenant that they will have to pay for your costs, their your costs, not the tenants.
Have a look at what you have writtern, it all points to a shotty investment.
Anyway, you do you
But don't come to your tenant expecting them to pay more because of your incompentent business decisions
As I said before, property - a povo idiots guide wealth, but not now days.
Did you ever wounder why it was so easy to get into property once you have a deposit, perhaps your the consumer mudguts
