Vol 12. No.11
Wednesday 19 January 2011
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
99.37 |
+0.68 |
 |
| Cash Rate |
4.75 |
Steady |
 |
| 90 Day Bill |
4.96 |
-0.02 |
 |
| 10 Year Bond |
5.508 |
-0.015 |
|
| ASX 200 |
4801.8 |
+38.7 |
|
NSW Property
Lend Lease approval (AFR Pg.41)
- The NSW Government has approved the Lend Lease concept for the Calderwood master planned urban community project in the Illawarra region.
- The project will cover 700 hectares and include up to 4,800 dwellings and some 50 hectares of retail, community and educational facilities.
National Property
Residential land sales update (AFR Pg. 40)
- Recent research indicates that residential land sales have fallen to their lowest level in a decade with fewer than 10,000 lots sold in the September quarter 2010, 57% lower than the same period in 2009.
- The September quarter 2010 was the fourth consecutive quarterly fall.
- The weighted median value of land rose 5.2% in the 12 months to September to $186,629. In capital cities land values rose 5.3%, while values in regional areas rose 4.4%.
- The most expensive places to buy are the Sunshine Coast ($280,000), Sydney ($269,000) and Perth ($245,000).
Sources: As above
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