Home /  property management  / depreciation

Sydney Property Management You Can Rely On

Are you claiming everything you’re entitled to? As Sydney Property Management specialists, we have seen many new landlords miss out simple opportunities. Here are some at-a-glance answers to investment depreciation. 


Capital works are improvements to the property that are of a structural nature and fixed to the property. For example, kitchen and bathroom renovations, paving and driveways, built-in cupboards, clothes lines and fences are regarded as capital items (but note that not all capital works are included and care should be taken here).

Capital works include the initial cost of building, but not the cost of the land. When buying into any brand new building, you are entitled to claim all or a portion of the construction costs.


Equipment and appliances are depreciating assets and include such items as kitchen appliances, carpets and other floor coverings, window finishes, air-conditioning units, alarms and pool equipment.


When you buy a new property, a list of these costs, known as a depreciation schedule, should be available from the property developer, identifying the cost of every item that can be claimed.

With older properties, there may still be items that you can claim depreciation on. You can commission a quantity surveyor who specialises in preparing depreciation schedules to draw up a schedule for you.

Have a Question?

To get in touch with George, please complete the following form and we will contact you very soon. Alternatively, you can give them a call on the numbers above.


Feel free to get in touch!

Want to know what your property could rent for in today’s current market?

Sure we can do that, we can also advise you on how to tweak the overall presentation of your property to give you an even better chance at a great tenant and rental.

Obligation and cost free, we can set up a time to visit the property and within 48 hours send you a detailed report on the rental market in your area and where your property fits in.

At Property Quarters we know how to manage your property so you can rest easy and relax.

Call, email or leave a message now!

7 + 12 =