People who live in New South Wales: rent, losses and capital gains, 2023-24
In 2023-24, 824,411 people living in New South Wales declared rent, and 54% of them made a loss on it, about the same as the 55% across Australia.
What did landlords in New South Wales declare?
| New South Wales | |
|---|---|
| People who declared rent | New South Wales 824,411 |
| Share of taxpayers who declared rent | New South Wales 16% |
| Average rent declared | New South Wales $31,200 |
| Average interest claimed | New South Wales $16,500 |
| Average capital works claimed | New South Wales $2,400 |
| Average other rental costs claimed | New South Wales $13,100 |
| Share who made a loss | New South Wales 54% |
| Average loss, among them | New South Wales $13,500 |
| Average net rent | New South Wales a loss of $700 |
Worked out from ATO, Taxation Statistics 2023-24, under CC BY 2.5 AU. How we work these out.
What did people claim for rental properties in New South Wales?
In 2023-24, people lodged 1,088,038 rental property schedules for properties in New South Wales, and claimed $22.6 billion of costs on them. Interest on loans was the largest, 52% of it.
| Cost | Schedules claiming it | Share of all costs claimed |
|---|---|---|
| Interest on loans | Schedules claiming it 737,642 | Share of all costs claimed 52% |
| Body corporate fees | Schedules claiming it 464,878 | Share of all costs claimed 8% |
| Capital works | Schedules claiming it 509,660 | Share of all costs claimed 7% |
| Property agent fees | Schedules claiming it 851,871 | Share of all costs claimed 6% |
| Council rates | Schedules claiming it 998,280 | Share of all costs claimed 6% |
| Repairs and maintenance | Schedules claiming it 807,211 | Share of all costs claimed 4% |
| Land tax | Schedules claiming it 178,659 | Share of all costs claimed 4% |
| Depreciation on plant | Schedules claiming it 625,034 | Share of all costs claimed 4% |
| The other 11 kinds | Schedules claiming it | Share of all costs claimed 10% |
Each person lodges a schedule for each rental property they have an interest in, so a home owned by two people has two. These count schedules for properties in New South Wales, wherever their owners live, not properties or people. The ATO counted 2024 schedules processed by 31 October 2025, so these may not be complete.
From ATO, Taxation Statistics 2023-24, Individuals Tables 26 and 27, read 13 Nov 2026, under CC BY 2.5 AU. How we read these.
How many rental properties do people living in New South Wales have an interest in?
In 2023-24, of the people living in New South Wales who lodged a rental property schedule, 69% had an interest in one property, 20% in two and 11% in three or more.
| Rental property interests | People | Share |
|---|---|---|
| 1 interest | People 568,594 | Share 69% |
| 2 interests | People 165,364 | Share 20% |
| 3 interests | People 53,557 | Share 6% |
| 4 interests | People 20,061 | Share 2% |
| 5 interests | People 8,413 | Share 1% |
| 6 or more interests | People 8,649 | Share 1% |
The same property can have more than one person with an interest in a year, as joint owners, or a seller and a buyer, and one person can have an interest in more than one. These come from the rental property schedules people lodged, not their tax returns, so they count slightly different people from the figures above.
From ATO, Taxation Statistics 2023-24, Individuals Tables 26 and 27, read 13 Nov 2026, under CC BY 2.5 AU. How we read these.
How many people living in New South Wales declared a capital gain?
In 2023-24, 424,283 people living in New South Wales declared a net capital gain, 8% of its 5,067,149 taxpayers, against 8% across Australia. Their average net capital gain was $35,000, against $30,000 across Australia.
These are gains of every kind, such as on shares, a business or property anywhere, counted where each person lives, not gains on property sold in New South Wales.
Worked out from ATO, Taxation Statistics 2023-24, under CC BY 2.5 AU. How we work these out.
What does each region of New South Wales show?
| Region | People who declared rent | Share who made a loss |
|---|---|---|
| Capital Region | People who declared rent 21,343 | Share who made a loss 46% |
| Central Coast | People who declared rent 25,759 | Share who made a loss 51% |
| Central West | People who declared rent 15,694 | Share who made a loss 45% |
| Coffs Harbour - Grafton | People who declared rent 11,609 | Share who made a loss 38% |
| Far West and Orana | People who declared rent 7,456 | Share who made a loss 46% |
| Hunter Valley exc Newcastle | People who declared rent 19,426 | Share who made a loss 53% |
| Illawarra | People who declared rent 26,791 | Share who made a loss 50% |
| Mid North Coast | People who declared rent 16,420 | Share who made a loss 39% |
| Murray | People who declared rent 8,425 | Share who made a loss 44% |
| New England and North West | People who declared rent 11,903 | Share who made a loss 42% |
| Newcastle and Lake Macquarie | People who declared rent 31,255 | Share who made a loss 52% |
| Richmond - Tweed | People who declared rent 22,816 | Share who made a loss 36% |
| Riverina | People who declared rent 11,892 | Share who made a loss 44% |
| Southern Highlands and Shoalhaven | People who declared rent 13,464 | Share who made a loss 42% |
| Sydney - Baulkham Hills and Hawkesbury | People who declared rent 48,561 | Share who made a loss 64% |
| Sydney - Blacktown | People who declared rent 41,000 | Share who made a loss 74% |
| Sydney - City and Inner South | People who declared rent 35,387 | Share who made a loss 54% |
| Sydney - Eastern Suburbs | People who declared rent 38,314 | Share who made a loss 47% |
| Sydney - Inner South West | People who declared rent 64,255 | Share who made a loss 53% |
| Sydney - Inner West | People who declared rent 43,762 | Share who made a loss 53% |
| Sydney - North Sydney and Hornsby | People who declared rent 68,428 | Share who made a loss 54% |
| Sydney - Northern Beaches | People who declared rent 35,444 | Share who made a loss 48% |
| Sydney - Outer South West | People who declared rent 26,114 | Share who made a loss 67% |
| Sydney - Outer West and Blue Mountains | People who declared rent 27,939 | Share who made a loss 60% |
| Sydney - Parramatta | People who declared rent 47,642 | Share who made a loss 62% |
| Sydney - Ryde | People who declared rent 31,845 | Share who made a loss 56% |
| Sydney - South West | People who declared rent 41,574 | Share who made a loss 60% |
| Sydney - Sutherland | People who declared rent 29,174 | Share who made a loss 54% |