Typical Residential Depreciation Deductions For Brand New Properties
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Typical Residential Depreciation Deductions For Brand New Properties

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Get Maximum Depreciation With A Brand New Investment Property

New investment properties are treated favorably by the ATO. Depreciation can be claimed on the structural elements and the fixtures and fittings/assets. With pre-existing properties the assets cannot be Depreciated,

For a property to be considered new for tax purposes it must be brand new at the time it became an investment for the current owner. If it was a primary place of residence for the current owner before becoming an investment it is no longer considered ‘new’.

There is also a 6-month grace period from the date of completion where the property is still considered new. This is common when buying a completed property from a developer.

Have you got clients who might be missing out on depreciation deductions? Call us on 1300 660033 or email affiliates@depreciator.com.au today with the address of the property for a free and no-obligation assessment so you have some good news next time you speak to your client.

Depreciation Includes Capital Works & Assets

 

3 – 4 Bedroom HouseConstruction Cost (excluding land)Depreciation 1st Full Year5 Year Depreciation
Typical 3-4 Bedroom project home$200,000$8,100$38,800
$250,000$10,250$47,750
300,000$11,850$57,800
$350,000$13,700$65,400
$400,000$15,700$72,700
$450,000$17,500$80,800
$500,000$20,200$91,000

 

2- 3 Bedroom TownhouseBuild QualityDepreciation 1st Full Year5 Year Depreciation
Typical 2 Bedroom townhouse with minimal common propertyAverage$7500$36,000
High Quality$11,600$53,500
Luxury Architect Designed$14,200$66,250

 

 

2 Bedroom Walkup ApartmentBuild QualityDepreciation 1st Full Year5 Year Depreciation
Typical 2 Bedroom apartment in building with no liftAverage$8,450$34,900
High Quality$10,350$51,500
Luxury Architect Designed$13,000$51,350

 

2 Bedroom Highrise ApartmentBuild QualityDepreciation 1st Full Year5 Year Depreciation
Typical 2 Bedroom apartment in a medium or highrise developmentAverage$10,000$41,300
High Quality$13,150$58,000
Luxury Architect Designed$18,600$73,400

 

Want a printable copy? New Build Depreciation Estimates Quick Guide
These figures are a guide only and the most accurate number is having the property reviewed by on of our Quantity Surveyors

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