Vol 13. No.132

Monday 23 July 2012

Economic Overview


 Current +/- Movement
$AUS/$US 103.77 -0.15
Cash Rate 3.50 Steady   
90 Day Bill 3.52 Steady
10 Year Bond 2.842 -0.02
ASX 200 4199.1 -7.6

New South Wales

Sydney Olympic Park Commercial Market Update (SMH 21-22 Pg.55)
  • Research indicates average prime gross effective rents for commercial space in Sydney Olympic Park increased 9.2% in the June quarter to $336/m².
  • The vacancy rate in the precinct is currently 6.2%.
North Sydney Commercial Lease (SMH 21-22 Pg.55)
  • IT National Pty Ltd have leased a 74m² office at 238 Alfred Street, North Sydney under a one year term for $350/m² gross.
Rosebery Retail Lease (SMH 21-22 Pg.55)
  • Bingxi has leased a 56m² retail shop at 29-33 Epsom Road, Rosebery under a three year term for $552/m² gross.
Alexandria Industrial Lease (SMH 21-22 Pg.55)
  • Parkwood Products have leased a 1,026m² industrial facility at 62-64 O’Riordan Street, Alexandria under a three year term for $150/m² gross.
Sydney Auction Clearance Rate Result (AFR Pg.41)
  • Sydney achieved an auction clearance rate result of 63.6%, up from 56.6% from the previous weekend.

Victoria

Melbourne Auction Clearance Rate Result (AFR Pg.41)
  • Melbourne achieved an auction clearance rate of 54.5%, steady from the previous weekend.

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