Yes, you are entitled to claim depreciation on common area assets, with allowances apportioned based on your unit entitlement. In addition to inspecting your individual unit, a full assessment of the strata complex’s common areas will be conducted. Depreciable items in shared spaces may include, [...]

Tax Depreciation can be claimed by anyone who owns an income-producing property. However, it is not applicable to your primary place of residence (PPOR).

If you own an income-producing property, whether it’s a rental property or a business asset, you may be entitled to claim depreciation deductions. A Tax Depreciation Schedule helps you maximise these deductions by outlining the wear and tear of your property and it's assets over [...]