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Which depreciation method is best for you?

There are two ways to calculate depreciation on plant and equipment in an investment property - by using the diminishing value method, or the prime cost method.

New South Wales (NSW)Sydney

People

D'Leanne Lewis sets new record selling Sydney eastern suburbs semi for $4.75m

D'Leanne Lewis has achieved the highest price ever paid for a semi-detached home in Sydney's eastern suburbs.

Western Australia (WA)Perth

People

Get to know Perth agent Michelle Kerr of Abel McGrath Claremont

Michelle Kerr, agent with Abel McGrath Claremont, says there is no better feeling than handing over the keys on settlement day.

Victoria (Vic.)Melbourne

Featured Property

Rare Yarra River frontage with city skyline views

This feature-packed executive residence is located in a premier enclave just 30 minutes' drive from the city. For sale through Aaron Yeats and John Le Gros of Jellis Craig Eltham.

New South Wales (NSW)Sydney South Australia (SA)Adelaide Victoria (Vic.)Melbourne

The Economy

Adelaide auction market achieves the nation's top clearance rate

Adelaide recorded a clearance rate of 75.9 per cent last week as "very, very keen purchasers" get serious.

New South Wales (NSW)

People

Di Jones' second annual awards night celebrates the company's best performers

Di Jones Real Estate Annual Awards were held on the weekend, recognising the company's top performers across 11 categories.

Queensland (Qld)

Featured Property

Sarabah Estate Vineyard: chic wine country style

This elegantly informal residence, with vineyard, olive grove, cellar door, and restaurant facilities, is for sale via Michael Vettoretto of Queensland Sotheby's International Realty.

People

Geoff Lucas appointed CEO of McGrath

Geoff Lucas is returning to publicly listed real estate company, McGrath, having worked with the group in the role of COO between 2008 and 2016.

National

The Economy

Melbourne tops property growth over 20 years with 335% gains: CoreLogic

Melbourne property prices grew an eye watering 335 per cent over the 20 years to January 2018. But over the last five years, Sydney prices have grown the most strongly, up 64 per cent.

National

Politics

Infrastructure Australia report says planning now essential to preserve quality of life in major cities

"The Infrastructure Australia report has a refreshing honesty about the transformation that will occur in our big cities," says Property Council of Australia chief executive Ken Morrison.

Pages

News Roundup

http://www.theaustralian.com.au/business/wealth/grollo-backed-apn-property-offers-solid-profit-growth/story-e6frgac6-1227468335987

Grollo-backed APN Property offers solid profit growth

The company is benefiting from the growth in superannuation savings, but also renewed interest in income-producing assets such as property, which is driving strong inflows to APN’s funds.

The Australian

http://www.architectureanddesign.com.au/news/expert-judges-revealed-for-2015-sustainability-awa

Expert judges revealed for 2015 Sustainability Awards

This year’s panel includes DWP|Suters’ National Sustainability Leader Rory Martin, Lend Lease Sustainability Consultant Darryl Stuckey, Envirotecture founding director Dick Clarke and Norman Disney & Young Global Sustainability Director Tony Arnel.

Architecture & Design

http://www.businessspectator.com.au/article/2015/7/22/property/little-manhattan-sydney-apartment-prices-shoot-sky

Little Manhattan: Sydney apartment prices shoot for the sky

Manhattan is legendary for expensive and small apartments, with a record current average price of $US1.87m ($2.5m), according to a report by US appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Sydney is not quite there yet, but the cost of redevelopments, or indeed replacement costs, will set new price records, challenging the ability of many Australian buyers to afford an apartment.

Business Spectator

http://www.afr.com/business/construction/new-home-sales-likely-to-have-peaked-in-fy2015-hia-says-20150803-giqahy

New home sales likely to have already peaked

New home sales are likely to decline after reaching a five-year high in the 12 months to June, the Housing Industry Association says.

The Australian Financial Review

http://www.dailytelegraph.com.au/newslocal/central-coast/central-coast-real-estate-narara-and-tumbi-umbi-named-as-two-of-australias-biggest-property-hot-spots/story-fngr8h0p-1227470687345

Central Coast hot spots

Narara and Tumbi Umbi have been identified by Realestate.com.au as two of the country's most in-demand suburbs.

The Daily Telegraph

http://www.news.com.au/finance/real-estate/melbourne-leads-in-real-estate-as-property-market-hits-6-trillion/story-fndban6l-1227467869660

Melbourne leads in real estate as property market hits $6 trillion

The Australian property market has hit the $6 trillion mark, but Melbourne has overtaken Sydney as the country’s best performer. Home values across Australia’s capital cities pushed another 2.8 per cent higher in July and have lifted 11.1 per cent during the past year, data released by CoreLogic RP Data shows. In the year to July, the market grew by half a trillion dollars, CoreLogic RP Data head of research Tim Lawless said.

news.com.au

http://www.canberratimes.com.au/act-news/canberra-property-values-increase-49-per-cent-in-year-to-july-20150802-giq12o.html

Canberra property values increase 4.9 per cent in year to July

Residential property values in Canberra rose more than all Australian capital cities, except Sydney and Melbourne, in the calendar year to July, with a 4.9 per cent increase, new figures show. But year-on-year figures published by the CoreLogic RP Data Home Value Index put Canberra behind all but two capital cities – Perth and Darwin – with a 1.2 per cent increase in capital growth when compared with the previous July.

The Canberra Times

http://www.afr.com/real-estate/residential/housing-investor-credit-growth-revised-up-to-107-per-cent-20150731-giol5t

Lending to landlords accelerates despite crackdown

The red-hot housing investor loan market is expanding even faster than thought, with figures showing growth accelerated to 10.7 per cent a year in June after billions of dollars in loans were reclassified as investor mortgages.

The Australian Financial Review