Multiple Property Cashflow question

Consider i have 3 properties, property A, B & C. I am currently employed earning a salary that can have a tax variation applied to reduce the tax payable if a loss is made.

For round figures, consider my taxable income is $100k.

Property A
Annual Rental Income – $25,000
Annual Expenses (incl depreciation) – $50,000

Loss made – $25,000

Property B
Rental Income – $15,000
Expenses – $25,000

Loss made $10,000

Property C
Rental Income – $20,000
Expenses – $30,000

Loss made – $10,000

Therefore:
Total rental income – $60,000
Total Expenses – $105,000

Total loss made for the financial year is $45,000

Does this mean, that the $45,000 will come off my initial taxable income of $100,000 and therefore i should only pay income tax on the amount of $55,000?