People who live in Victoria: rent, losses and capital gains, 2023-24
In 2023-24, 598,608 people living in Victoria declared rent, and 62% of them made a loss on it, a higher share than the 55% across Australia.
What did landlords in Victoria declare?
| Victoria | |
|---|---|
| People who declared rent | Victoria 598,608 |
| Share of taxpayers who declared rent | Victoria 14% |
| Average rent declared | Victoria $23,700 |
| Average interest claimed | Victoria $14,400 |
| Average capital works claimed | Victoria $2,000 |
| Average other rental costs claimed | Victoria $11,300 |
| Share who made a loss | Victoria 62% |
| Average loss, among them | Victoria $13,200 |
| Average net rent | Victoria a loss of $3,900 |
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 Victoria?
In 2023-24, people lodged 882,217 rental property schedules for properties in Victoria, and claimed $16.5 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 625,279 | Share of all costs claimed 52% |
| Capital works | Schedules claiming it 426,477 | Share of all costs claimed 7% |
| Land tax | Schedules claiming it 542,080 | Share of all costs claimed 6% |
| Council rates | Schedules claiming it 806,879 | Share of all costs claimed 6% |
| Property agent fees | Schedules claiming it 680,898 | Share of all costs claimed 5% |
| Repairs and maintenance | Schedules claiming it 659,154 | Share of all costs claimed 5% |
| Body corporate fees | Schedules claiming it 284,177 | Share of all costs claimed 4% |
| Depreciation on plant | Schedules claiming it 519,890 | Share of all costs claimed 4% |
| The other 11 kinds | Schedules claiming it | Share of all costs claimed 9% |
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 Victoria, 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 Victoria have an interest in?
In 2023-24, of the people living in Victoria who lodged a rental property schedule, 72% had an interest in one property, 19% in two and 9% in three or more.
| Rental property interests | People | Share |
|---|---|---|
| 1 interest | People 431,981 | Share 72% |
| 2 interests | People 112,326 | Share 19% |
| 3 interests | People 34,156 | Share 6% |
| 4 interests | People 11,856 | Share 2% |
| 5 interests | People 4,802 | Share 1% |
| 6 or more interests | People 4,796 | 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 Victoria declared a capital gain?
In 2023-24, 354,819 people living in Victoria declared a net capital gain, 8% of its 4,243,397 taxpayers, against 8% across Australia. Their average net capital gain was $29,100, 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 Victoria.
Worked out from ATO, Taxation Statistics 2023-24, under CC BY 2.5 AU. How we work these out.
What does each region of Victoria show?
| Region | People who declared rent | Share who made a loss |
|---|---|---|
| Ballarat | People who declared rent 12,132 | Share who made a loss 58% |
| Bendigo | People who declared rent 11,691 | Share who made a loss 51% |
| Geelong | People who declared rent 26,698 | Share who made a loss 60% |
| Hume | People who declared rent 13,641 | Share who made a loss 46% |
| Latrobe - Gippsland | People who declared rent 19,456 | Share who made a loss 49% |
| Melbourne - Inner | People who declared rent 66,548 | Share who made a loss 56% |
| Melbourne - Inner East | People who declared rent 55,664 | Share who made a loss 56% |
| Melbourne - Inner South | People who declared rent 48,339 | Share who made a loss 58% |
| Melbourne - North East | People who declared rent 49,289 | Share who made a loss 64% |
| Melbourne - North West | People who declared rent 36,023 | Share who made a loss 67% |
| Melbourne - Outer East | People who declared rent 50,666 | Share who made a loss 64% |
| Melbourne - South East | People who declared rent 81,802 | Share who made a loss 69% |
| Melbourne - West | People who declared rent 77,633 | Share who made a loss 74% |
| Mornington Peninsula | People who declared rent 21,847 | Share who made a loss 57% |
| North West | People who declared rent 9,389 | Share who made a loss 45% |
| Shepparton | People who declared rent 8,589 | Share who made a loss 50% |
| Warrnambool and South West | People who declared rent 8,840 | Share who made a loss 43% |