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Vol 12. No.159

Landsburys Independent Accreditation Reports

Economic Overview

	Current	+/-	Movement
$AUS/$US	106.08	+0.40
Cash Rate	4.75	Steady
90 Day Bill	4.85	+0.01
10 Year Bond	4.443	+0.056
ASX 200	4263.3	+63.3

Queensland Property

• Trilby Misso has leased 205m² of office space over two levels at 9 Nicklin Way, Minyama on the Sunshine Coast at a rent of approximately $70,000 per annum ($341/m²).

Victoria Property

• Touch Networks has sub-let 1,250m² of office space on Level 16 at 380 La Trobe Street in the Melbourne CBD at a gross rent of approximately $400/m² per annum.

National Property

• According to the HIA JELD-WEN New Home Sales Report the number of new homes sold in July fell by 8%, reflecting a 10-year low and following a decline of 8.7% in June.
• Sales of detached new homes decreased the most in Western Australia falling by 12.7%, followed by NSW (-11.2%), Queensland (-8.5%), Victoria (-7.8%) and South Australia (-1.5%).

• According to industry research, $2.16 billion worth of Australian commercial property were transacted during the June quarter 2011.
• For the first half of 2011, 30% of transactions on properties worth more than $20 million involved foreign investors, reflecting twice the long term average.
• One of the largest foreign transactions during the period included the Canadian Pension Plan Investment Board acquiring a half-stake in Northland Shopping Centre in Melbourne for $455 million.