Devonport market overview
Devonport supports a population of around 27,000 and is the largest city on Tasmania's North West coast. The Spirit of Tasmania ferry terminal, regional health (Mersey Community Hospital), agriculture (dairy, vegetables, poppies) and a tourism gateway to Cradle Mountain underpin a steady mix of residential, commercial and industrial property activity.
Tax Depreciation for Devonport property investors
An engineering-based TDA depreciation schedule identifies every deductible asset on your Devonport 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
- Devonport CBD & coast - Devonport, East Devonport, Spreyton
- Growth suburbs - Miandetta, Quoiba, Latrobe
- Industrial & port - Devonport port precinct, Quoiba industrial estate
