Is a Depreciation Schedule Still Worth It for Older Homes?
!Older Property Renovation Depreciation
"Your house is too old for depreciation."
That's what I believed when I bought my first investment property in 2020 — a solid 1992 Brisbane house for $420,000. Built well before the modern depreciation era, I assumed I'd missed the boat on tax benefits.
I couldn't have been more wrong.
When the previous owner mentioned they'd spent $85,000 on renovations between 2019-2021, everything changed. That "old" property delivered $7,325 in annual depreciation claims — $2,381 in tax savings every year.
The Older Property Reality Check
Understanding hidden opportunities in established homes
1985
Critical Cutoff Date
For building structure depreciation
$85,000
Renovation Value
Creates fresh depreciation opportunities
$7,325
Annual Claims
From "old" property renovation
$23,800
10-Year Benefit
Total tax savings potential
Calculate Your Older Property Potential