Short answer: it depends on the property, but many investors claim thousands in the first full financial year. New residential properties commonly claim $8,000–$15,000 or more, established homes typically $3,000–$7,000, and commercial or hospitality properties frequently far more.
Your first-year deduction is shaped by four things: the property's age, its type, its construction cost, and its fit-out. Newer buildings and higher-quality fit-outs mean more plant & equipment and a larger capital works base.
Under the diminishing value method, plant & equipment deductions are front-loaded, so the earliest years produce the strongest claims. Add any immediate write-offs and low-value pooling, and year one frequently outperforms later years.
Established house: $3k–$7k. New residential build: $8k–$15k. Commercial premises: $15k+. Industrial and hospitality: often tens of thousands. These are illustrative — your property could claim more or less.
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