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BMT still finding an average of $8,893 in depreciation deductions

BMT Tax Depreciation say that many of Australia’s property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments.

National

People

How to negotiate a job offer like a pro in real estate

Real estate recruiter Virginia Brookes of Resolver Recruitment says this is how to negotiate a job offer the right way.

New South Wales (NSW)Sydney

Featured Property

Sunforge: multi award-winning Pymble estate on approx. 2,746sqm

Built for entertaining, this architectural home includes a 15-seat, custom home cinema designed by David Moseley. For sale by Monika Tu of Black Diamondz Property Concierge Sydney and Barbora Marcinkova of Black Diamondz Property Concierge Sydney.

Queensland (Qld)Brisbane

The Economy

Millions of dollars of properties set to change hands at Place Bulimba's upcoming All-Star Auction

Place Bulimba will host yet another All-Star Auction event this week, following the success of their first auction event last month.

Victoria (Vic.)Melbourne

The Economy

What can you get for Melbourne's median house price?

Latest data from the Real Estate Institute of Victoria (REIV) shows Melbourne has an average median house price of $834,000. So what can you actually buy in the city with a budget in the early eights?

Queensland (Qld)Brisbane

Featured Property

Riverfront oasis with a touch of zen

Meticulously detailed, with Asian influences throughout, this contemporary home showcases its stunning location with outdoor living areas connected to the river environment. For sale by Tyson Clarke of Queensland Sotheby’s International Realty - Brisbane Ascot.

National

The Economy

Melbourne clearance rate falls below Sydney, but Bardon home leads Brisbane market

Melbourne has overtaken Sydney as the weakest auction market, but a Bardon auction has agents hopeful about the Brisbane market.

New South Wales (NSW)Sydney

The Economy

A renter’s market, as Sydney vacancy rates rise: REINSW

It’s a renters market in Sydney, as vacancy rates rise to 2.9 per cent over October, according to figures from industry body the Real Estate Institute of New South Wales (REINSW).

International National

People

CBRE's VAS Rising Professionals program identifying property leaders of the future

CBRE's 'VAS Rising Professionals' program identifies top talent within the Valuation and Advisory Services team across the Asia Pacific.

Queensland (Qld)Sunshine Coast

Featured Property

French country manor on the Sunshine Coast

Presenting European charm with details such as rich stonework, stained glass windows and a central stone tower, this elegant residence is set on approx. four hectares with sweeping hinterland and ocean views. For sale by Michael Hatzifotis and Dimitri Platsis of Place Kangaroo Point.

Pages

News Roundup

http://www.afr.com/business/banking-and-finance/australian-economy-wellplaced-to-weather-crazy-markets-says-nab-20160216-gmvdy1

Australian economy well-placed to weather 'crazy' markets, says NAB

Banks are recording very low bad-debt levels.

The Australian Financial Review

http://www.theaustralian.com.au/national-affairs/acci-grattan-institute-aged-pension-an-inheritance-scheme/news-story/c0d17f613afdda0ef63b6152087e979e

ACCI, Grattan Institute: aged pension an ‘inheritance scheme’

Converting pension payments to retired homeowners into a loan would stop the aged pension becoming a 'taxpayer-funded inheritance scheme'.

The Australian

http://www.theaustralian.com.au/business/property/payce-buy-bulks-up-holding/news-story/463862e6a9e92b9d19cdca517e650389

Chinese developer Aqualand Australia has reaped $25m landbanking a site in western Sydney.

Demonstrating the health of western Sydney’s real estate market, Chinese developer Aqualand Australia has reaped as much as $25 million landbanking a major site in the area for a mere two years.

The Australian

http://www.afr.com/news/policy/tax/labor-risks-pushing-push-mums-and-dads-into-riskier-investments-20160215-gmujny

Labor risks pushing mums and dads into riskier investments

Labor's crackdown on negatively geared rental homes and flats could push taxpayers into riskier investments with better tax benefits while adding little to housing supply, tax experts say.

The Australian Financial Review

http://www.smartpropertyinvestment.com.au/news/15074-middle-ring-suburbs-focus-of-sydney-apartment-boom

Middle-ring suburbs focus of Sydney apartment boom

Increasing affordability pressures are continuing to drive the off-the-plan apartment boom in Sydney, with an increasing number of new approvals located outside of the inner city.

Smart Property Investment

http://www.mortgagebusiness.com.au/breaking-news/9445-apra-eliminates-aggressive-lending-practices

APRA eliminates 'aggressive lending practices'

APRA chairman, Wayne Byres, has reaffirmed the prudential regulator’s stance on mortgage lending in a speech before the Senate Economics Legislation Committee in Canberra.

Mortgage Business

http://www.domain.com.au/news/celine-dion-drops-the-price-of-her-ostentatious-florida-mansion-20160215-gmu6ks/

Celine Dion drops the price of her ostentatious Florida mansion

After another price reduction, Celine Dion's Florida estate is now down $US26 million on the original price and is currently listed for $US45.5 million.

Domain

http://www.smh.com.au/business/property/chinese-buyers-reality-or-a-metropolitan-myth-20160211-gmravm.html

Asian buyers: Reality or a metropolitan myth?

The latest Foreign Investment Review Board figures and ABS data on Chinese investment in residential real estate show Chinese investment accounted for only 2% of transactions in the Australian residential market.

The Sydney Morning Herald