Burnie market overview
Burnie supports a population of around 19,000 and is a major industrial centre on Tasmania's North West coast. The Port of Burnie, paper manufacturing (Norske Skog), agriculture and the University of Tasmania's Cradle Coast campus underpin a stable mix of residential, commercial and industrial property activity.
Tax Depreciation for Burnie property investors
An engineering-based TDA depreciation schedule identifies every deductible asset on your Burnie property under Division 43 Capital Works (the building shell, claimable at 2.5% p.a. for 40 years where construction commenced after 15 September 1987) and Division 40 Plant & Equipment (carpets, blinds, hot water systems, air conditioning, common-property assets, and more).
For residential property acquired after 9 May 2017, the s40-27 second-hand restriction limits Division 40 deductions to first-use assets - we model this explicitly. Capital works (Division 43) remain fully deductible regardless. Commercial property and qualifying short-stay accommodation businesses retain the full Division 40 deduction.
Sub-markets we cover
- Burnie CBD & coast - Burnie, Park Grove, Acton, Wivenhoe
- Growth suburbs - Romaine, Upper Burnie, Hillcrest
- Industrial & port - Burnie port precinct, Hellyer industrial estate
