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This is more along the lines of capital works. Anyway, another situation, if the previous owner did renovations already , how worthwhile would it be to order a new depriciation schedule.

I have just settled on a property (4BR house) for 440K and have been doing some renovations to it New paint Floorboards to kitchen and dining New kitchen Some exterior work All up this is costing my about 20K. It should rent for about 400 per week unrenovated and 450-460 per week...