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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.

National New South Wales (NSW)Sydney

The Economy

Sydney, Darwin, Perth property prices down for the quarter: CoreLogic

There is still "underlying strength" in the Sydney market, says Chris Wilkins of Ray White Drummoyne.

International

People

dRMM Architects wins RIBA Stirling Prize for Hastings Pier

The Royal Institute of British Architect's prestigious Stirling Prize has been awarded to dRMM Architects for Hastings Pier Charity.

New South Wales (NSW)Sydney

Featured Property

'Boatanica': deep waterfront beauty

“A collaboration between renowned architect Richard Cole and its clients, ‘Boatanica’ offers singular design vision, revealed in its many small details, while the larger impression is one of understated beauty and calm.” For sale by Jonathan Fletcher of McGrath Avalon Beach.

New South Wales (NSW)Queensland (Qld)Victoria (Vic.)

The Economy

John McGrath says Australians are embracing the regional hub

John McGrath, founder of McGrath Estate Agents, says Australians are embracing smaller cities as great places to work and live, and lists Wollongong, Newcastle, Geelong, Ballarat, and Toowoomba as the favourites.

National

The Economy

The sale of new homes continues to decline

The HIA's New Home Sales Report shows that new home sales continue to decline from their peak.

South Australia (SA)

The Economy

House prices down in South Australia's regional market

The Valuer-General’s report on South Australian house prices for the September 2017 quarter, shows that prices in the regional housing market were down slightly, but the number of sales remains strong.

Victoria (Vic.)Melbourne

Featured Property

1890 Victorian home, renovated by interior designer Greg Natale, for sale by Whitford Property

With plenty of space for daily family life, entertaining and private retreat, the home comprises a striking open plan area along with a formal dining room and 500 wine-bottle storage. For sale by Dale Whitford and Heidi Trempel, Whitford Property Newtown.

Northern Territory (NT)

People

REINT 2017 Awards for Professional Excellence recognise the Top End's best in real estate

The Real Estate Institute of the Northern Territory held its Awards for Professional Excellence on Saturday night.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

Design

The Block auction results positive sign for Melbourne market

All five houses in the 2017 series of The Block sold on the weekend, and though profits were down on the previous year, all sold for more than their reserve.

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