This article explains in detail how Capital gains works in relation to your investment property.

Depreciation deductions increase your cash flow at a time when you need it most and provides money in your pocket today. The same money adjusedt in the future against capital gains after inflation will have a much lower impact on your finances. In simple terms $1,000 in your pocket today is worth a lot more than $1,000 in your pocket in say 10 years time.

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https://www.smh.com.au/money/how-the-sixyear-rule-works-for-renting-out-your-former-home-20180109-h0fiam.html