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Your figures are pretty good Daz, though I think you over budgeted a bit for land tax and repairs (but then probably under budget for letting fee on PM fees). Then he gets a tax deduction on his $3,664 loss at the 38% tax rate which brings it down to $2,271 (give or take), and this is without...

Plus remember that's for fittings only, no capital deduction with a property that old.

Sanjay, also bare in mind newer properties generally sell at a premium to older places. So whilst you may get higher tax deductions, you're in effect paying for them anyway. ;)

?? Asking the wrong guy mate, that's what I pay a quantity surveyor for. The $3.5k this year is for the 60 year old house though. The new house in it's first year (a small 3/1/1) spun off over $7k dep. in it's first 11 months. Remember it's the building size and fittings that matter with the...

Old properties can have good depreciation as well. ;) Newer will generally speaking have more, but for example in the current financial year I can give you the following example from two of my properties: 3yo property - $5.2k depreciation 60yo property - $3.5k depreciation