Vol 13. No.12

Tuesday 24 January 2012

Economic Overview


 Current +/- Movement
$AUS/$US 104.86 +0.08
Cash Rate 4.25 Steady   
90 Day Bill 4.38 +0.02
10 Year Bond 3.980 +0.025
ASX 200 4225.1 -14.53

New South Wales

Hunter Street Hotel Redevelopment Update (AFR Pg.42)
  • Cititel Hotels have lodged plans for a $43.8 million redevelopment of a 12 level office tower at 34-36 Hunter Street, Sydney into a three star hotel comprising 282 rooms.
  • The office tower was acquired last year for $36 million.

National

Commercial Property Market Update (AFR Pg.42)
  • Research indicates approximately 540,000m² will be added to the supply of commercial space over 2012.
  • The increase is 40% higher than the addional supply created in 2011.
  • Approximately 70% of the new supply has been leased under pre-commitment deals.

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