Why tax depreciation matters in VIC
Victoria runs the second-largest property market in Australia, with around 6.8 million residents and a deep mix of inner-Melbourne apartment stock, suburban detached housing, build-to-rent towers and regional industrial activity from Geelong to Wodonga.
A TDA quantity surveyor-prepared tax depreciation schedule identifies every deductible asset on your Victorian property under Division 40 (Plant & Equipment) and Division 43 (Capital Works), giving you year-by-year deductions over the full 40-year life of the building. Schedules are prepared in line with the ATO's most current effective life ruling (TR 2024/1).
The s40-27 second-hand rule (VIC residential investors)
For residential property acquired after 9 May 2017, only first-use plant & equipment is deductible. We model this restriction explicitly in every VIC residential schedule. Capital works (Division 43) remain fully deductible regardless of acquisition date, and commercial property and qualifying short-stay accommodation businesses keep the full Division 40 deduction.
Markets we cover across Victoria
- Melbourne metro - CBD, Docklands, Southbank, Box Hill, Footscray, the inner-north renewal corridor
- Geelong, Ballarat, Bendigo - major regional cities with active investor pipelines
- Mornington Peninsula, Surf Coast, Phillip Island - coastal STR and lifestyle markets
- Industrial - Western Melbourne (Truganina, Tarneit), Dandenong South, Geelong-Avalon
