Hi I’m a New Zealand citizen working as a relief teacher in Queensland. I own an Unit in Brisbane. I bought it 2 yrs ago and living in it. My circumstances have changed and I need to move back to NZ. If I rent out my Unit in QLD how much tax do I need to pay on my rental income ? I have been a resident here for four and half years.
Thanks in advance.

Hi, your NET rental income will be taxed in Australia. You will pay tax on the net income at non-resident tax rates. Please note that you may actually end up with a tax loss due to things like mortgage interest and potential capital works deductions as well as rates, strata, repairs and all the rest of the normal rental property expenses. If the property generates a loss then there is no tax to pay
Also bear in mind that in NZ you will ALSO be required to pay tax on this rental income. BUT remember that you will get a tax credit in NZ for the tax you paid in AUS on the rental income. there is a special double taxation agreement between the two countries
so, in summary: its complicated!!!
Get a good CA or CPA to handle your tax in AUS and then get another one to sort it out in NZ as well.
good luck with it!!
bc