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RBA Glossary definition for depreciation

depreciation – A fall in the value of an asset. In foreign-exchange terms, it is a relative decrease in the value of one currency compared to another.

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Appendix E: Sensitivity Analysis

5 Aug 2020 RDP 2020-04
Keaton Jenner and Peter Tulip
but consider adjusting for the depreciation of older units to be too difficult, so use prices for all dwellings. ... These effects are much smaller than earlier in the sample or the conditional estimates of depreciation from the hedonic regression in
https://www.rba.gov.au/publications/rdp/2020/2020-04/appendix-e.html

The Apartment Shortage

5 Aug 2020 RDP 2020-04
Keaton Jenner and Peter Tulip
Research Discussion Paper – RDP 2020-04 The Apartment Shortage. Keaton Jenner and Peter Tulip. August 2020. 3,815. KB. 1. Introduction. Australian cities face a shortage of apartments. The severity of this shortage can be gauged by the difference
https://www.rba.gov.au/publications/rdp/2020/2020-04/full.html