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Featured Property

World-class Michael Suttor masterpiece for sale

This Point Piper home designed by Michael Suttor will have international appeal. For sale with Brad Pillinger of Pillinger Real Estate Double Bay.

International National

Agents

Soho: Bringing greater transparency to real estate

The founder of Airtasker, Jonathan Lui, has developed a new app called Soho that is aimed at opening up new opportunities in real estate.

International

The Economy

New Zealand bans foreign property buyers

New Zealand's newly elected prime minister, Jacinda Ardern, has followed through on her election promise to ban foreign nationals from buying established property.

Victoria (Vic.)Melbourne

People

Get to know Rita Galati, set to open her own office, Ray White Yarraville

After a long and successful career in real estate sales, Rita Galati feels the time is right to start her own agency.

New South Wales (NSW)Sydney

Featured Property

World-class, Walter Barda-designed oceanfront residence, Palm Beach

One feels ownership of the entire coastline from the elegant interiors of 'Semloh Cove'. The eye sees nothing but bush reserve meeting the sea, with one of the most private outlooks to be found anywhere in Sydney. For sale by David Edwards LJ Hooker Palm Beach.

New South Wales (NSW)Sydney

The Economy

Sydney listings up 19.5% on last year, or are they?

New data from CoreLogic shows Sydney listings are up 19.5 per cent on last year, but Rob Clarke of Belle Property Annandale says listings are down in Sydney's inner west and eastern suburbs, with owners choosing to renovate instead.

International

The Economy

Palatial four-bedroom Hong Kong home sells for $193m

A four-bedroom Hong Kong villa with pool, garden, elevator and harbour views has sold for $193 million (HK$1.16 billion).

Queensland (Qld)Brisbane

People

Get to know Karuna Dimelow, the new COO of Brisbane agency, Coronis

After 14 years with Coronis, Karuna Dimelow has been appointed to the newly created role of chief operating officer.

New South Wales (NSW)Sydney

Featured Property

'Infinity', a luxurious oceanfront retreat on Sydney's northern beaches

Unrivalled, never-to-be-built-out views of Mona Vale, Bungan, Newport and Avalon make this a unique northern beaches property. For sale by LJ Hooker Newport.

National

The Economy

Can you claim renovations made by previous owners?

Bradley Beer of BMT Tax Depreciation takes a look at the items that may have hidden depreciable value for investors that they might not be aware of.

Pages

News Roundup

http://www.dailytelegraph.com.au/realestate/news/heritage-homes-back-in-demand-for-perth-homebuyers/story-fni0ckze-1227373169960

Heritage homes back in demand for Perth homebuyers

Character homes are continuing to demand big premiums from Perth buyers, despite a slowdown in the rest of the market. From 1900s Victorian brick homes to classic weatherboard cottages, heritage homes are transfixing Perth buyers. While the average house sits on the market for 77 days — the longest in the country — houses with quality character features are continuing to outperform, estate agents say.

The Daily Telegraph

http://www.businessinsider.com.au/the-property-boom-has-made-harry-triguboff-4-73-billion-in-a-single-year-2015-5

The property boom has made Harry Triguboff $4.73 billion in a single year

Australian apartment developer Harry Triguboff added $4.73 billion to his total wealth over the last 12 months, bringing his net worth to $10.23 billion.

Business Insider Australia

http://www.nytimes.com/2015/05/17/realestate/want-a-green-card-invest-in-real-estate.html

Want a Green Card? Invest in Real Estate

Investing in real estate projects in exchange for legal immigration status has become big business in New York City.

The New York Times

http://www.theaustralian.com.au/business/property/avjennings-buys-waterfront-place-in-port-melbourne/story-fn9656lz-1227370361671

AVJennings buys Waterfront Place in Port Melbourne

Listed developer AVJennings is rapidly expanding its development pipeline across Australia, with the group yesterday announcing the purchase of the Waterfront Place project in Port Melbourne, which will have a $500 million end value.

The Australian

http://www.smh.com.au/business/masterchef-star-george-calombaris-gazi-and-press-club-property-up-for-sale-20150526-gh9xnd.html

Gazi and Press Club on market for $9M

One of Melbourne's best-known dining destinations is on the market. The property is part of heritage-listed former Herald and Weekly Times building which was redeveloped into the 40-storey Ernst & Young office tower. Other tenants include CBRE, Charter Keck Cramer, ISPT, Jones Lang LaSalle, NAB Private Wealth, Polycom and Qantas.

The Age

http://www.worldpropertyjournal.com/real-estate-news/australia/sydney-real-estate-news/asia-commercial-property-investment-report-2015-asia-pacific-capital-markets-may-2015-japan-real-estate-investment-australia-real-estate-investors-india-property-investors-9113.php

India Rising as Australia, Japan Dominate Commercial Investment Activity in 2015

According to Knight Frank's Asia-Pacific Capital Markets May 2015 report, overall commercial real estate investment continued apace in the second half of 2014, with volumes (excluding land sales) hitting US$72 billion - a seven-year high and only marginally below the US$74 billion of H2 2007. A significant weight of capital continues to be concentrated on Japan and Australia.

World Property Journal

http://www.businessspectator.com.au/news/2015/5/26/mergers-acquisitions/blackstone-ponders-joining-mirvac-tilt-investa

Blackstone ponders joining Mirvac in tilt for Investa

New York-based private equity firm Blackstone is considering partnering with Mirvac Group for a joint tilt at the $8.9 billion Investa Property Group. Blackstone and Mirvac had recently held tentative discussions about a joint venture, which would see the listed domestic trust taking control of the management rights to Investa’s sprawling real estate platform, sources said.

Business Spectator

http://www.theaustralian.com.au/life/first-home-woes-cashed-up-investors-jump-the-queue/story-e6frg9zo-1227364898952?sv=3b1a64051da75682e0f85062359e4eb4

First-home woes: cashed up investors jump the queue

In the market for their first home, Michelle Moore and Luke Caruana don’t think foreign investors are their biggest competition for an apartment in Cronulla, the beachside suburb in Sydney’s south. Moore says it is unfair that older investors can buy property by borrowing from their self-managed super funds, which are treated more favourably for tax purposes.

The Australian