Vol 13. No.5

Friday 13 January 2012

Economic Overview


 Current +/- Movement
$AUS/$US 102.98 +0.10
Cash Rate 4.25 Steady  
90 Day Bill 4.46 -0.01
10 Year Bond 3.870 +0.040
ASX 200 4181.0 -6.52

New South Wales

Sir Stamford Hotel Redevelopment Update (AFR Pg.40)
  • Plans to demolish the Sir Stamford Hotel at Circular Quay and construct a 25 level residential tower comprising 96 apartments have been submitted to council.
  • Stamford Hotels have stated there are no immediate plans to redevelop the site and that the development application is to keep their options on the hotel open.

National

Hotel Market Update (AFR Pg.40)
  • Research has forecast a 10.5% increase in revenue for hotel rooms in Sydney, indicating an average room rate of $210 to be achieved by the end of 2012.
  • Melbourne is expected to experience a revenue increase per hotel room of approximately 10% for 2012, indicating an average room rate of $195.

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