VIC · Melbourne, Geelong, Ballarat and Bendigo
Tax depreciation schedules in Victoria
For rental properties in Melbourne, Geelong, Ballarat and Bendigo and across Victoria: 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% below
- House built 2015
- $227,284
- Deduction a year
- $5,682
What a house cost to build in Victoria
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 | $623 | $106,658 | $2,666 | 4 |
| 1995 | $653 | $113,561 | $2,839 | 9 |
| 2000 | $766 | $134,550 | $3,364 | 14 |
| 2005 | $980 | $175,709 | $4,393 | 19 |
| 2010 | $1,126 | $203,266 | $5,082 | 24 |
| 2015 | $1,253 | $227,284 | $5,682 | 29 |
| 2020 | $1,427 | $259,372 | $6,484 | 34 |
| 2025 | $1,846 | $336,880 | $8,422 | 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 Victoria by dwelling type
Built in 2025 at VIC rates, a single-storey brick veneer house of 200 m² cost about $336,880 ($8,422 a year in capital works); a two-level townhouse of 160 m² about $341,629 ($8,541 a year); a 90 m² unit in a low-rise walk-up block about $184,457 ($4,611 a year); and an 85 m² apartment in a high-rise building about $225,282 ($5,632 a year).
Among Australia's states and territories, Victoria is the second cheapest to build a house in, the third dearest to build a townhouse in, the third dearest to build a unit in and the third cheapest to build an apartment in. Against the national benchmark rate, the house cost $11,058 less, the townhouse $7,194 more, the unit $11,752 more and the apartment $7,244 less.
Houses, townhouses, units and apartments in VIC
The dwelling type changes the rate per square metre, what is shared, and what plant there is. Each has its own VIC page.
House
a single-storey brick veneer house of 200 m²
Built 2015: $227,284
$1,253 per m²
Townhouse
a two-level townhouse of 160 m²
Built 2015: $260,650
$1,711 per m²
Unit
a 90 m² unit in a low-rise walk-up block
Built 2015: $140,730
$1,649 per m²
Apartment
an 85 m² apartment in a high-rise building
Built 2015: $171,880
$2,127 per m²
Common questions
How much depreciation can I claim on a house built in 2005 in Victoria?
A standard 200 m² brick veneer house built in VIC in 2005 cost about $175,709 to construct, excluding its plant, so its capital works deduction is about $4,393 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 $1,229 a year more; in Western Australia, the cheapest, about $1,445 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 Victoria?
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 VIC runs about 3% below the national benchmark rate, and Victoria is the second cheapest of Australia's states and territories to build in. A standard house completed in 2025 cost about $11,058 less there than at the benchmark rate, so its capital works deduction is about $276 a year lower.
Can I claim depreciation on an established property in Victoria?
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 $5,682 a year at VIC costs. Completed in 2025 instead, the same house cost about $109,596 more to build in Victoria, 48% more, so it claims about $2,740 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 Melbourne and Geelong?
No. The schedule is prepared from the documents and photos you send, wherever in Victoria 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 VIC rates on this page ($1,846 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.