Canberra market overview
Canberra supports a population of around 470,000 across the broader ACT. Federal government employment, defence (Russell, Duntroon, HMAS Harman), the Australian National University, the University of Canberra and a refreshing diplomatic and embassy precinct underpin a uniquely stable investor market with strong rental fundamentals.
Apartment supply through Civic, Braddon, the Inner North, Belconnen town centre, Gungahlin town centre and the emerging build-to-rent pipeline generates substantial Division 40 deductions per dwelling. Commercial office activity is concentrated through Civic, Barton (the Parliamentary Triangle) and the major district town centres.
Indicative market figures only.
Tax Depreciation for Canberra property investors
An engineering-based TDA depreciation schedule identifies every deductible asset on your Canberra 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
- Civic & Inner North - Canberra CBD, Braddon, Lyneham, Dickson, Acton, Turner
- Inner South - Kingston, Manuka, Barton, Forrest, Yarralumla, Deakin
- Belconnen - Belconnen town centre, Bruce, Florey, Macgregor, Charnwood
- Tuggeranong & Gungahlin - Greenway, Wanniassa, Gungahlin town centre, Harrison, Casey
- Woden Valley - Phillip, Curtin, Garran, Hughes, Mawson
