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Coronis sets new Ascot, Brisbane, record price with $11m sale

One of Brisbane's most luxurious homes, 27 Sutherland Avenue, Ascot, has sold for a suburb record of $11million through Coronis managing director Andrew Coronis and Patrick McKinnon of Coronis Hamilton.

Design

Tracey Emin's delicate bronze birds to "inspire hope" in Sydney CBD

Sixty delicate hand-made bronze bird sculptures are now dotted around Bridge and Grosvenor Streets in the Sydney CBD, comprising a new public artwork by internationally acclaimed artist, Tracey Emin.

National

People

Shortlist for 2018 Australian Interior Design Awards announced

The Australian Interior Design Awards has revealed its shortlisted projects for the 2018 awards.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

The Independent Hall: historic Fitzroy landmark property

One of Fitzroy's most recognisable homes is for sale by Rick Daniel and Luke Chisholm of Nelson Alexander Fitzroy.

National New South Wales (NSW)Sydney Tasmania (Tas.)Hobart

Markets

Hobart leads price gains in December quarter: ABS data

Hobart now has the fastest growing property prices in Australia, while long-time leader Sydney has slipped to fourth place.

Northern Territory (NT)

People

Get to know Gennie Cox of Elders Real Estate Darwin

Gennie Cox is a finalist at tomorrow night's REIA 2018 National Awards for Excellence being held at Doltone House in Sydney.

International

People

Rome's historic The Palazzetto, with 'secret garden' and views of Vatican City, for sale

Historic The Palazzetto consists of three luxury residences, and features sweeping views of Rome and a lush green 'secret garden'.

New South Wales (NSW)

Featured Property

Modern Lake Macquarie acreage with peaceful outlook

Situated on land of over 5,000sqm (approx.) on the shores of Lake Macquarie, this Eraring residence is for sale by Chris Smith of McGrath Toukley.

National

The Economy

Residential versus commercial investing: how the depreciation rules change

Do residential or commercial properties provide greater deductions in the form of depreciation?

New South Wales (NSW)Sydney

Politics

NSW government steps in to buy Fernhill, historic Blue Mountains estate

After a public outcry over plans to convert the historic Mulgoa estate into a cemetery, the New South Wales government has stepped in and bought Fernhill for $27.5 million.

Pages

News Roundup

http://www.dailytelegraph.com.au/newslocal/the-hills/two-young-men-start-an-organisation-to-keep-the-australian-dream-of-home-ownership-alive/story-fngr8i1f-1227486667001

Two young men start an organisation to keep the Australian dream of home ownership alive

Two men have started a new organisation aimed at helping young people buy their first home.

The Daily Telegraph

http://www.mortgagebusiness.com.au/breaking-news/8789-brics-nations-eye-australian-property

BRICS nations eye Australian property

An international real estate group has recorded a surge in visitors to its Australian website from the developing BRICS nations of Brazil, Russia, India, China and South Africa.

Mortgage Business

http://news.domain.com.au/domain/real-estate-news/melbournes-auction-market-steps-up-another-gear-20150815-gizv2p.html

Melbourne's auction market steps up another gear

Following two strong weekends, Melbourne notched another strong auction clearance rate on Saturday. The Domain Group reported a 80 per cent clearance rate from 611 auctions. There were 163 unreported results.

Domain News

http://www.afr.com/real-estate/residential/sydney-auction-rate-clears-80pc-for-first-time-in-weeks-spring-looks-strong-20150813-giybwn

Spring looks strong for Sydney auctions

Spring is likely to be strong in the Sydney auction market, with the clearance rate picking up over 80 per cent for the first time in five weeks.

The Australian Financial Review

https://www.businessnews.com.au/article/KPMG-dips-toe-in-real-estate-advice

KPMG dips into real estate advice

Accounting firm KPMG has followed rivals EY and PwC into the real estate arena, setting up a property advisory division.

Business News

http://www.propertyshowrooms.com/australia/property/news/tasmanian-real-estate-hit-investors_313461.html

Tasmanian Real Estate a Hit with Investors

Affordability, good rental returns, low vacancy rates and strong sales are just some of the things that are making investors smile in Tasmania this year. According to recent figures from the Real Estate Institute of Tasmania (REIT), the island achieved its highest number of sales in five years during the first quarter of 2015.

Property Showrooms

http://www.couriermail.com.au/realestate/news/china-devaluation-barely-registers-in-booming-real-estate-market/story-fnihpu6h-1227480648128

China devaluation barely registers

A move by China to devalue its currency by almost 2 per cent to prop up exports has barely registered with individual Chinese real estate buyers looking to invest here.

Courier Mail

http://www.yourinvestmentpropertymag.com.au/news/will-reduced-lending-to-real-estate-investors-put-pressure-on-prices-and-supply-204187.aspx

Will reduced lending to real estate investors put pressure on prices and supply?

The Property Council of Australia (PCA) believes the latest lending finance figures from the Australian Bureau of Statistics (ABS) could foreshadow price and supply issues in the near future after drop in investment loans for new constructions.

Your Investment Property Magazine