Vol 13. No.145

Thursday 09 August 2012

Economic Overview


 Current +/- Movement
$AUS/$US 105.44 -0.30
Cash Rate 3.50 Steady   
90 Day Bill 3.64 +0.03
10 Year Bond 3.233 +0.018
ASX 200 4312.6 +21.0

New South Wales

Heathcote Ridge Development Update (AFR Pg.47)
  • The Gandangarra Local Aboriginal Land Council has submitted revised plans for a $1 billion residential and commercial development spanning 850 hectares at Heathcote Ridge in the Sutherland Shire.
  • The proposal includes 2,400 dwellings and for 566 hectares to be reserved for conservation use.

Victoria

Russell Street Mixed Use Site Sold (AFR Pg.42)
  • AXF has acquired Total House, a mixed use property at 170-190 Russell Street, Chinatown for approximately $40 million.
  • The property comprises a 409 bay car park, 4,000m² of office space and 8 retail shops.
Surrey Hills Office Property Sold (AFR Pg.48)
  • A three storey, 1,420m² office property at 587 Canterbury Road, Surrey Hills has been acquired for $4 million ($2,816/m²).
  • The property comprises 33 basement car parks and was previously sold in 1989.
Clayton Industrial Facility Sold (AFR Pg.48)
  • Mountfords Shoes has acquired a 1,215m² industrial facility at 58 Duerdin Street, Clayton for $1.4 million ($1,152/m²).
  • The property comprises 264m² of office space and 951m² of warehouse space with an internal clearance up to 5.95 metres.
Derrimut Vacant Land Sold (AFR Pg.48)
  • A private developer has acquired 5.6 hectares of land at 169 Australis Drive, Derrimut for $4.65 million ($830,357/Ha).

Queensland

Bayno Industrial Property Sold (AFR Pg.48)
  • A private investor has acquired a 746m² industrial unit at 11/368 Earnshaw Road, Banyo for $1.9 million ($2,546/m²), reflecting a yield of 8.25%.
  • The property is tenanted by Zip Heaters under a six year term and comprises office and warehouse space.

Sources: As above
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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