Hervey Bay market overview
Hervey Bay supports a population of around 55,000 and is the gateway to Fraser Island. A long-running retiree migration trend, whale-watching tourism, the marine industry and a deepening health and services sector underpin a steady residential and commercial property market across the Fraser Coast.
Tax Depreciation for Hervey Bay property investors
An engineering-based TDA depreciation schedule identifies every deductible asset on your Hervey Bay 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
- Hervey Bay coastal - Pialba, Scarness, Torquay, Urangan, Point Vernon
- Growth suburbs - Eli Waters, Kawungan, Wondunna, Urraween
- Industrial - Pialba industrial precinct, Maryborough corridor
