Vol 13. No.102

Wednesday 06 June 2012

Economic Overview


 Current +/- Movement
$AUS/$US 97.81 +1.17
Cash Rate 3.50 -0.25  
90 Day Bill 3.28 Steady
10 Year Bond 2.920 +0.137
ASX 200 4043.7 +58.7

New South Wales

Central Park Development Update (AFR Pg.48)
  • 800 of the 1,400 apartments under construction which form Fraser Property’s and Sekisui House’s $2 billion residential development Central Park have been pre sold.
  • The Mark, the third tower to launch spans 27 storeys comprising 412 apartments of which 100 have been pre sold and is expected to be completed by early 2014.
  • 25% of pre sales for the whole development have been generated from off shore buyers.

Queensland

Peregian Springs Shopping Centre Sold (AFR Pg.50)
  • An investment syndicate led by Alceon have acquired the 4,766m² Peregian Springs Shopping Centre on the Sunshine Coast for approximately $20 million.
  • The circa 2008 centre is anchored by a Coles supermarket and comprises 14 speciality stores.

National

Interest Rate Decision (AFR Pg.1)
  • The Reserve Bank of Australia has cut the overnight cash rate by 25 basis points to 3.5%, citing the persistent turbulence in financial markets stemming from sovereign debt issues in Europe, weaker growth in China and modest domestic growth.

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