Vol 13. No.10

Friday 20 January 2012

Economic Overview


 Current +/- Movement
$AUS/$US 103.83 -0.06
Cash Rate 4.25 Steady   
90 Day Bill 4.35 -0.05
10 Year Bond 3.860 -0.012
ASX 200 4214.8 -3.08

National

Land Sales Update (AFR Pg.45)
  • Research indicates the volume of residential land sales increased by 1.3% in the September quarter but was still less than half the level experienced in the September quarter of 2009.
  • Residential lot prices increased by 2.5% in the capital cities for the year.
  • Sydney achieved an average lot sale price of $275,000.
Retail Rents Update (AFR Pg.45)
  • Landlords achieved an average rent rise of 5% on lease renewals for stores in retail centres in Queensland and New South Wales.
  • Telecommunication retailers experienced the largest increase in rent on renewals of 14% and 8% in QLD and NSW respectively.

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