Ulverstone market overview

Ulverstone supports a population of around 12,000 and is a lifestyle town on Tasmania's North West coast. Agriculture (dairy, vegetables), Leven River and coastal tourism, and a regional services hub underpin a steady residential and short-stay accommodation property market.

Tax Depreciation for Ulverstone property investors

An engineering-based TDA depreciation schedule identifies every deductible asset on your Ulverstone 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

  • Ulverstone & coast - Ulverstone, West Ulverstone, Penguin
  • Growth & lifestyle - Turners Beach, Forth, Sprent
  • Industrial - Ulverstone industrial estate, Leven River corridor