This article about depreciation claims and how the budget will affect strata investment owners has been provided by Kaylene Arkcoll, Leary & Partners. Purchasers of second-hand residential investment units have lost their ability to claim depreciation on plant and equipment which is part of the property at the time of … Keep Reading

Outer-suburban apartments are giving inner-city homes a run for their money, with a Ringwood penthouse recently fetching a stunning $2.42 million. It comes as high-density living continue to spread to the suburbs, with soaring house prices driving more demand for larger apartments. The four-bedroom penthouse in Ringwood is among a … Keep Reading

Almost 30,000 new homes have been added to Melbourne’s inner city in past 10 years, as apartments, cafes and the white-collar workforce continue to overtake the manufacturing, wholesale and retail industries in the CBD. Melbourne City housing: Total residential dwellings: 71,000 Apartments: 55,700 Houses/townhouses: 9,800 Student accommodation: 5,500 Dwellings added … Keep Reading

Victoria’s Minister for Planning Richard Wynne has approved a $1.2 billion development at Melbourne’s Collins Wharf in the Victoria Harbour precinct of Docklands, despite being advised by the City of Melbourne to reject the proposal. The Lendlease development, masterplanned by Jackson Clements Burrows in collaboration with Aspect Oculus, will consist of … Keep Reading

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