QLD · Brisbane, the Gold Coast, the Sunshine Coast, Townsville and Cairns
Tax depreciation schedules in Queensland
For rental properties in Brisbane, the Gold Coast, the Sunshine Coast, Townsville and Cairns and across Queensland: upload the contract of sale, an inspection report, plans or photos, and receive a Division 40 and Division 43 schedule as a PDF report and an Excel workbook, laid out the way a quantity surveyor's schedule is.
- Costs vs national
- 3% above
- House built 2015
- $217,272
- Deduction a year
- $5,432
What a house cost to build in Queensland
The capital works deduction is 2.5% of what the building cost to construct when it was built, not what it is worth today. For a standard single-storey brick veneer house of 200 m², excluding the plant listed separately:
| Year built | Rate per m² | Construction cost | 2.5% a year | Years left |
|---|---|---|---|---|
| 1990 | $505 | $86,422 | $2,161 | 4 |
| 1995 | $561 | $97,487 | $2,437 | 9 |
| 2000 | $598 | $105,035 | $2,626 | 14 |
| 2005 | $855 | $153,298 | $3,832 | 19 |
| 2010 | $1,050 | $189,532 | $4,738 | 24 |
| 2015 | $1,198 | $217,272 | $5,432 | 29 |
| 2020 | $1,303 | $236,846 | $5,921 | 34 |
| 2025 | $1,965 | $358,691 | $8,967 | 39 |
Indicative, from the Ezy Depreciation cost database ledger-catalogue-2026-11-02. Years left are full income years from the current one, taking completion as 30 June of the year built. Your property's own area, construction and finish change the figure.
Building costs in Queensland by dwelling type
Built in 2025 at QLD rates, a single-storey brick veneer house of 200 m² cost about $358,691 ($8,967 a year in capital works); a two-level townhouse of 160 m² about $311,938 ($7,798 a year); a 90 m² unit in a low-rise walk-up block about $154,739 ($3,868 a year); and an 85 m² apartment in a high-rise building about $223,649 ($5,591 a year).
Among Australia's states and territories, Queensland is the fourth dearest to build a house in, the second cheapest to build a townhouse in, the cheapest to build a unit in and the second cheapest to build an apartment in. Against the national benchmark rate, the house cost $10,753 more, the townhouse $22,497 less, the unit $17,966 less and the apartment $8,877 less.
Houses, townhouses, units and apartments in QLD
The dwelling type changes the rate per square metre, what is shared, and what plant there is. Each has its own QLD page.
House
a single-storey brick veneer house of 200 m²
Built 2015: $217,272
$1,198 per m²
Townhouse
a two-level townhouse of 160 m²
Built 2015: $209,389
$1,375 per m²
Unit
a 90 m² unit in a low-rise walk-up block
Built 2015: $103,866
$1,217 per m²
Apartment
an 85 m² apartment in a high-rise building
Built 2015: $150,124
$1,858 per m²
Common questions
How much depreciation can I claim on a house built in 2005 in Queensland?
A standard 200 m² brick veneer house built in QLD in 2005 cost about $153,298 to construct, excluding its plant, so its capital works deduction is about $3,832 a year for the 19 years left of its 40. In the Northern Territory, the dearest state or territory to build in, the same house claims about $1,790 a year more; in Western Australia, the cheapest, about $884 a year less. A bigger, better-finished or two-storey house costs more; plant bought new for the letting adds its own deductions.
Is depreciation different in Queensland?
The law is the same across Australia: Divisions 40 and 43 of the Income Tax Assessment Act 1997 are federal. What differs is what it cost to build. In our data, construction in QLD runs about 3% above the national benchmark rate, and Queensland is the fourth dearest of Australia's states and territories to build in. A standard house completed in 2025 cost about $10,753 more there than at the benchmark rate, so its capital works deduction is about $269 a year higher.
Can I claim depreciation on an established property in Queensland?
Yes, on the building: if construction began after 15 September 1987 you can claim what remains of its 40 years. A house built in 2015 has about 29 years left, worth about $5,432 a year at QLD costs. Completed in 2025 instead, the same house cost about $141,419 more to build in Queensland, 65% more, so it claims about $3,535 a year more, with 10 more years to run. Plant that came with a second-hand property acquired since 9 May 2017 is generally not deductible for individuals, and nor is plant used while it was the owner's home; new plant added while it is let, and renovations, are. Where the owner's own use of a property is not occasional, as it can be in a holiday home they also stay in, even plant bought new since 9 May 2017 is generally not deductible, from the income year that use begins.
Do you inspect properties in Brisbane and the Gold Coast?
No. The schedule is prepared from the documents and photos you send, wherever in Queensland the property is, so there is no inspection to book or wait for. Where a document states a cost it is used; where it does not, the cost is estimated from the QLD rates on this page ($1,965 per m² for a standard house built in 2025) and labelled as an estimate in the report.
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Other states and territories
General information only, not advice about your circumstances. Speak to a registered tax agent before relying on it.