A dwelling – unlike the land on which it is situated – is a depreciating asset, under Australia tax law.
While land values generally increase over time, dwelling values (including their fixtures and fittings) decrease. What this means for you is that you can claim as a tax deduction the depreciation of your investment dwelling and its inclusions. New homes tend to depreciate faster than old ones in the first ten years so this might be a consideration when you’re making an investment.
But your first move should be to speak to a professional adviser, such as your accountant, who can walk you through your options. Gold Coast Mortgage Broker Kathy Rogers from FinancialPlus can also provide some general comments on this.

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