Vol 13. No.85

Monday 14 May 2012

Economic Overview


 Current +/- Movement
$AUS/$US 100.20 -0.97
Cash Rate 3.75 Steady   
90 Day Bill 3.82 +0.07
10 Year Bond 3.315 -0.043
ASX 200 4285.1 -10.5

New South Wales

Neutral Bay Office Suite Sold (SMH 12-13 Pg.55)
  • A private investor has acquired a 232m² office suite at 1/2 Waters Road, Neutral Bay for $1.7 million ($7,327/m²).
Castlereagh Street Office Suite Sold (SMH 12-13 Pg.55)
  • A private investor has acquired a 65m² office suite at 313-315 Castlereagh Street, Sydney for $325,000 ($5,000/m²).
Marrickville Industrial Property Sold (SMH 12-13 Pg.55)
  • P West has acquired an 855m² industrial site at 24-34 Chapel Street, Marrickville for $1.37 million ($1,602/m²).
Parramatta Office Market Update (SMH 12-13 Pg.55)
  • Research indicates the Parramatta office market will achieve a net absorption of 21,834m² in 2012 and yields for A-grade properties have softened by 3 basis points to 8.78%.
  • Eclipse, a 25,000m² office tower located at 60 Station Street, Parramatta is due for completion in the third quarter of 2012 and is currently 80% pre leased.
Sydney Auction Clearance Rate Result (AFR Pg.52)
  • Sydney achieved an auction clearance rate of 61.8% over the weekend, a 4.1% increase from the corresponding weekend of 2011.

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