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ATO warns owners of holiday homes about 'mates rates'

Ahead of the June long weekend, the ATO is warning homeowners to follow the rules when claiming deductions for holiday homes.

New South Wales (NSW)

Featured Property

'Lighthouse Apartment' on Avoca Beach for sale

One of the iconic 'Lighthouse Apartments' on Avoca Beach on the Central Coast is for sale through Tim Andrews and Matthew Farrugia of LJ Hooker Terrigal.

National

Design

How a kitchen can add value to a home

Since the kitchen is often considered the heart of the home, quality kitchen appliances can dramatically increase the appeal, and value, of a property.

Western Australia (WA)Perth

The Economy

Leasing activity remains elevated in WA

Perth leasing activity jumped 32 per cent in May, after the Easter and ANZAC Day holidays slowed down the market in April, says Hayden Groves, president of the REIWA.

International

People

Zaha Hadid's private Miami residence, including much of the furniture, is for sale

A Miami apartment in the W Hotel that Zaha Hadid remodelled herself is on the market for $10 million (AU$13 million).

New South Wales (NSW)

Featured Property

A $16m French-style chateau on Wallis Lake is for sale

'Chateau Le Marais' is a 257-acre property on the Mid-North Coast of NSW, that has its own sandy 1.5km of beachfront, private jetty, and helicopter pad. The property is for sale through Mark Clarke of Ray White Angell & Clarke Group.

New South Wales (NSW)Sydney

Construction

Loftus Lane development sells out in two hours

Demand for quality Sydney CBD apartments is strong, with all 106 apartments in AMP Capital's Loftus Lane Circular Quay development selling through CBRE within two hours on the weekend.

People

Get to Know Fiona Young, architect of high-rise schools

Fiona Young, Sydney Studio Director for Hayball, spoke to SCHWARTZWILLIAMS about her work designing innovative education spaces.

National

The Economy

Aussies expect mortgage rates will keep rising

Despite most economists predicting the Reserve Bank board will leave rates on hold at today's board meeting, many Australians expect mortgage rates will rise this year, and are considering switching to fixed rate loans.

Victoria (Vic.)Melbourne

Featured Property

Historic Hawthorn East estate 'Talana' for sale

The grand, historic manor 'Talana' sits on a 4,198sqm block in Hawthorn East and is for sale through agents Glen Coutinho and Annabelle Feng of RT Edgar Boroondara.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/lasalle-wary-of-hot-ma-sector/story-fnko7zi0-1227223191602

Australia’s hot real estate investment trust sector

The investment house LaSalle Investment Management, which is a unit of global real estate services firm JLL, has been tipped as a bidder for the $9 billion Investa Property Group platform, potentially with the support of the Abu Dhabi Investment Authority.

The Australian

http://www.theguardian.com/money/2015/feb/17/uk-mortgage-lending-landlords-first-time-buyers

More investors got mortgages in UK

Mortgage lending to UK investors purchasing rental properties soared in the last quarter of 2014, far outstripping the growth in lending to first-time buyers, according to figures from the Council of Mortgage Lenders.

The Guardian

http://www.afr.com/p/business/property/forgotten_sydney_suburbs_has_more_EwRRXS7E3N2qPsSmr8LcsI

Forgotten Sydney suburbs create property millionaires

Rising house prices and roving developers on the hunt for a bargain are making millionaires in a new swag of Sydney suburbs offering affordably priced development opportunities.

The Australian Financial Review

http://www.mortgagebusiness.com.au/breaking-news/8169-cba-reveals-home-loan-digitisation-plans?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter17_02_2015&utm_medium=email

CBA wants to digitise mortgage process

The Commonwealth Bank of Australia plans to harness the power of digital to improve mortgage origination. “There are multiple obstacles in Australia to reaching this goal, but that doesn’t mean it’s unachievable,” said CBA general manager of group lending services Dan O’Neill.

Mortgage Business

http://www.afr.com/p/national/apprenticeship_numbers_may_have_8ysT6OoOmfAaugpQPRc9CL

Building boom boosts apprenticeships

Figures from the National Centre for Vocational Education Research show that trainee commencements increased by 5,300 to 31,700 in the fourth quarter of 2014. Commencements in carpentry, plumbing and other traditional trades rose by 1,600 to 21,500.

The Australian Financial Review

http://www.smartpropertyinvestment.com.au/opinion/13974-7-tips-for-success-in-the-perth-property-market

7 tips for success in the Perth property market

The size and significance of the Western Australian residential property market has been highlighted by new ABS figures - so investors would be wise to take another look at Perth.

Smart Property Investment

http://www.bbc.com/news/world-africa-31471427

Foreigners banned from ownership in South Africa

Foreigners will be banned from owning land in South Africa under new proposals outlined by President Jacob Zuma. Locals will have limits set on the size of their farms under the proposals.

BBC News

http://www.theaustralian.com.au/executive-living/home-design/property-booms-create-nation-of-millionaire-homeowners/story-fn6njxlr-1227217583304

Nation of millionaire homeowners

There are at least 790,000 real estate millionaires in Australia and more are created daily as the number of million-dollar-plus properties continues to soar. Sydney has the lion’s share of the nation’s $1m-plus properties, taking 57 per cent, followed by Melbourne’s 28 per cent, Perth with 8 per cent, Brisbane with 5 per cent and Adelaide on 2 per cent.

The Weekend Australian