Frankston market overview
Frankston is the gateway to the Mornington Peninsula and supports a population of around 140,000 across the Frankston LGA. Melbourne commuter demand, the Peninsula's tourism and lifestyle appeal, Monash University's Peninsula campus and a deepening apartment and townhouse pipeline underpin a steady investor market across residential, commercial and short-stay accommodation stock.
Tax Depreciation for Frankston property investors
An engineering-based TDA depreciation schedule identifies every deductible asset on your Frankston 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
- Frankston CBD & waterfront - Frankston, Frankston South, Seaford, Carrum Downs
- Mornington Peninsula - Mornington, Mt Eliza, Mt Martha, Dromana, Rosebud
- Industrial - Carrum Downs, Seaford industrial estate
