Vol 12. No.214

Wednesday 16 November 2011

Economic Overview


 Current +/- Movement
$AUS/$US 101.79 -1.05
Cash Rate 4.50 Steady  
90 Day Bill 4.61 -0.07
10 Year Bond 4.007 -0.130
ASX 200 4285.6 -19.0

New South Wales

Barangaroo Development Update (AFR Pg.53)
  • Lend Lease has submitted plans for the second and third commercial towers to be built as part of the Barangaroo redevelopment.
  • It is anticipated the plans will be approved within the next three to four months enabling construction to commence in 2012.

Victoria

St Kilda Apartment Block Sold (AFR Pg.54)
  • A developer has acquired an apartment block comprising 12 units at 30 Fitzroy Street, St Kilda for $5 million ($416,666/unit).
Retail Rents Update (AFR Pg.54)
  • Research indicates prime retail rents in Melbourne increased by 24.6% year on year as at September.

Sources: As above
Disclaimer: All representations and information contained herein are made in good faith. The Information in this report contains material from other sources. Landsburys Property Pty Ltd has not checked those sources and accepts no responsibility for the accuracy for that information. The information contained in this communication is strictly confidential and intended solely for the use of the recipient/s. If you are not the intended recipient of this information, please delete and notify Landsburys Property Pty Ltd. Intended recipients should not copy or distribute this material without the authority of Landsburys Property Pty Ltd.

Previous Daily Wrap's

 

Research & Advisory

  • Market Demand Studies
  • Highest & Best Use Studies
  • Development Feasibilities
  • Tender Support
  • Product Analysis
  • Distressed Property Evaluations
  • Valuation Evidence Packs
  • Demographic Studies

Valuations

  • First Mortgage Valuations
  • GST Valuations
  • Unit Entitlements
  • Acquisitions
  • Land Tax & Rating
  • Evidence of Value
  • Internal Reporting
  • Stamp Duty