This is one of Australia’s largest regional cities and has the strongest regional property markets. Newcastle benefits from its proximity to Sydney and its affordability relative to Sydney, but also thrives on the strength of its local economy, boosted by the links with the Hunter Region.
Newcastle is larger and stronger than several of our capital cities and has a big future as a
growth property market.
Now, regardless of whether you’re a property developer or property investor, from commercial to residential to industrial, our team at Washington Brown can help you optimise your tax deductions on your investment property.
We offer depreciation schedules in Newcastle and its surrounding areas, including Maitland, Cessknock, Hunter Valley, Charleston, and Belmont.
How will a depreciation schedule help me?
Our seasoned team of Newcastle quantity surveyors is affiliated with the Australian Institute of Quantity Surveyors and boasts extensive experience in tax depreciation reports and identifying depreciable assets.
With over four decades of industry experience, we’re dedicated to delivering comprehensive tax depreciation guidance to our clientele. Count on our expertise to support all your quantity surveying needs and help optimise tax deductions on your investment property.
What exactly is a depreciation schedule?
A depreciation schedule is a tax deduction available to property investors based on the structure and fixtures of their rental property.
Your investment property brings in a stream of income, which means there are various tax deductions available to you, normally things you’ve spent money on.
A depreciation schedule details the depreciation allowances based on the diminishing value of assets over time, considering factors such as wear and tear.
By accurately documenting depreciation, property investors in Newcastle can maximise their tax deductions and improve their overall investment returns.
Can you claim depreciation on older investment properties?
How much does it cost to get a depreciation report?
Simply enter your details below to start saving today.
Get a Depreciation Quote Now
How is a Depreciation Schedule structured for properties in Newcastle?

Key Factors to Note in a Comprehensive Depreciation Schedule
- It should offer you both the prime cost and diminishing value methods for optimal tax planning.
- The report should span 40 years, ensuring longevity in your tax returns.
- The quantity surveying firm should be accredited and recognised by the Australian Institute of Quantity Surveyors and is authorised by the Tax Practitioners Board.
- The depreciation report should be tailored to your settlement date, rather than the generic calculation that applies to every year, typically starting from July 1.
- The quantity survey should first evaluate whether an inspection is needed as not all properties mandate one following legislative changes.
- Our team of quantity surveyors have over four decades worth of industry experience
What is the estimated timeframe for preparing a depreciation schedule?
A thorough depreciation report can take between 1 and 2 weeks. However, this all depends on factors such as the complexity of the property, the availability of necessary information, and the quantity surveyor’s capacity or depreciation specialist’s capacity.
Please note that it is essential to communicate with your chosen quantity surveyor or depreciation specialist to get a more accurate estimate based on your specific circumstances and requirements.
Is it possible for my accountant to prepare this depreciation schedule for Newcastle?
In cases where costs are unknown, accountants, property managers, and valuers are not equipped to produce tax depreciation schedules.
According to the Tax Ruling TR 97/25, it stipulates that Quantity Surveyors are the appropriate professionals for estimating construction costs and plant and equipment assets when prices are unclear.
This means neither your accountant, property manager nor valuer will be able to estimate these costs.
How much will a depreciation schedule cost in Newcastle?
This depends on several factors, such as the property’s type and size, the building structure’s complexity, and the level of detail required in the report. However, on average, the cost of a depreciation report in Newcastle can range from $500 to $800 for residential properties.
For larger or more complex properties, such as commercial buildings or industrial facilities, the cost may be higher due to the additional time and effort required for assessment.
To ensure you’re getting a fair and competitive rate, obtaining quotes from several qualified quantity surveyors or depreciation specialists in Newcastle to compare prices is essential.
Additionally, consider the provider’s level of expertise and reputation when making your decision, as a well-prepared depreciation report can ultimately save you more money in tax deductions over the long term.
How much can I expect to save with a depreciation schedule?
Simply enter the details below and get a quick estimate for the amount you can claim on your Newcastle property.
Property Depreciation Calculator
Find out the potential return on a property
How often do I need to do a depreciation report?
No, once you have ordered the report, it remains valid for the duration of your property’s lifespan. However, if you make any property changes, you can deduct those costs from your accounts for further assistance.
How can a property depreciation report benefit a property developer or investor?
A property depreciation report assists property developers and investors in maximising tax deductions and improving cash flow for residential and commercial properties.
Property developers and investors can claim depreciation allowances for building structures, plants, and equipment with the help of an accredited professional such as a quantity surveyor, reducing their taxable income and leading to enhanced financial returns.
Understanding the potential depreciation benefits is a vital tool for optimising tax benefits. It not only supports financial planning but also allows for more informed decision-making about property acquisitions, renovations, and ongoing management strategies.
What are the first steps I need to take to kickstart my property depreciation schedule?
You first need to receive a depreciation schedule quote to begin the process.
We will then reach out to you; if we have any queries, we will email you the pricing.
To discuss your specific property, call us now on 1300 990 612
Washington Brown Newcastle has proudly served the Newcastle region for over 40 years—the experience counts! Trust Washington Brown with your investment property.