Vol 13. No.84

Friday 11 May 2012

Economic Overview


 Current +/- Movement
$AUS/$US 101.17 +0.41
Cash Rate 3.75 Steady   
90 Day Bill 3.75 -0.01
10 Year Bond 3.358 -0.004
ASX 200 4295.6 +20.5

National

Housing Market Update (AFR Pg.54)
  • Research indicates vendor discounting which measures the amount sellers reduce their properties from their initial expectations in order to achieve a sale increased by 7.2% and 7.1% for houses and units respectively in the March quarter.
  • Melbourne recorded a vendor discounting rate of 8.7%, the highest of all capital cities.
  • The average time houses spent on the market increased from 65 days in March last year to 77 days in March this year.

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