With the construction of newer homes in Forrestfield and the surrounding suburbs of Wattle Grove, High Wycombe and Maida Vale, tax depreciation benefits will help offset any shortfall on negatively geared properties, possibly making them neutrally geared or even positively geared in a couple of years.
Tax depreciation allows you to claim the costs of building and costs for fittings and fixtures, such as carpet and air-conditioning.
This may mean more money into your pocket at tax time.
Please speak to your accountant so that they can assist you with this.