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Unlocking the Secrets of Geelong's Top Rental Property Tax Deductions: A Comprehensive Suburb Ranking
The average tax deduction on interest charged on loans taken to purchase a rental property, a depreciating asset for the rental property, or repairs for the rental property.The average deduction from interest (rental property) data can be useful for property investors and those looking to move to a new suburb. Property investors can use this data to compare the tax benefits of investing in different suburbs and make informed decisions about where to purchase rental properties. Those looking to move can also use this data to compare the tax benefits of renting versus owning a property in different suburbs. For example, if a suburb has a high average deduction from interest, it may be more financially beneficial to own a rental property in that suburb rather than renting. Overall, this data can provide valuable insights for individuals looking to make informed decisions about their property investments and living arrangements. Data from 2020
| Area | Value |
|---|---|
| 1. 3330 - Rokewood | $12,900 |
| 2. 3232 - Lorne (Vic.) | $12,900 |
| 3. 3220 - Newtown (Greater Geelong - Vic.) | $12,200 |
| 4. 3221 - Ceres | $12,100 |
| 5. 3329 - Shelford | $11,900 |
| 6. 3227 - Barwon Heads | $11,900 |
| 7. 3228 - Torquay (Vic.) | $11,500 |
| 8. 3218 - Geelong West | $11,100 |
| 9. 3333 - Meredith | $10,800 |
| 10. 3230 - Anglesea | $10,700 |
|
11. |
$10,300 |
|
12. |
$10,100 |
|
13. |
$10,000 |
|
14. |
$10,000 |
|
15. |
$9,960 |
|
16. |
$9,790 |
|
17. |
$9,710 |
|
18. |
$9,550 |
|
19. |
$9,460 |
|
20. |
$9,400 |
|
21. |
$9,360 |
|
22. |
$9,320 |
|
23. |
$9,240 |
|
24. |
$8,980 |
|
25. |
$8,970 |
|
26. |
$8,950 |
|
27. |
$8,760 |
|
28. |
$8,660 |
|
29. |
$8,630 |
|
30. |
$8,520 |
|
31. |
$8,410 |
|
32. |
$7,810 |
|
33. |
$7,530 |
|
34. |
$7,390 |
