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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 D: Variable List

8 Oct 2019 RDP 2019-01
Trent Saunders and Peter Tulip
See Appendix B.3. depreciation_rate. Depreciation rate. 42. Authors' calculations. See Appendix B.3. ... uc_depreciation. Expected housing depreciation. 31. Fox and Tulip (2014). (a). Updated, then constant from 2017:Q3.
https://www.rba.gov.au/publications/rdp/2019/2019-01/appendix-d.html

A Model of the Australian Housing Market

1 Mar 2019 RDP 2019-01
Trent Saunders and Peter Tulip
3. Overview of the Model. Our model takes income, interest rates, population, and depreciation as given. ... long-run effect on the housing stock infinite (in the absence of depreciation).
https://www.rba.gov.au/publications/rdp/2019/2019-01/full.html

Appendix B: Housing Construction

8 Oct 2019 RDP 2019-01
Trent Saunders and Peter Tulip
Net additions to the housing stock are based on estimates of dwelling investment and the replacement rate (which includes both demolitions and depreciation). ... That is, the difference between total gross additions to the dwelling stock and the actual
https://www.rba.gov.au/publications/rdp/2019/2019-01/appendix-b.html

Main Equations

8 Oct 2019 RDP 2019-01
Trent Saunders and Peter Tulip
Sources: Authors' calculations; Outlook Economics; RBA. Coupled with (exogenous) depreciation, accumulated investment determines the stock of housing. ... long-run effect on the housing stock infinite (in the absence of depreciation).
https://www.rba.gov.au/publications/rdp/2019/2019-01/main-equations.html

Overview of the Model

8 Oct 2019 RDP 2019-01
Trent Saunders and Peter Tulip
Trent Saunders and Peter Tulip. March 2019. 1,640. KB. Our model takes income, interest rates, population, and depreciation as given.
https://www.rba.gov.au/publications/rdp/2019/2019-01/overview-of-the-model.html