Vol 13. No.90

Monday 21 May 2012

Economic Overview


 Current +/- Movement
$AUS/$US 98.42 -1.04
Cash Rate 3.75 Steady   
90 Day Bill 3.59 -0.14
10 Year Bond 3.112 -0.141
ASX 200 4046.5 -110.9

New South Wales

Sydney Auction Clearance Rate Update (AFR Pg.46)
  • Sydney achieved an auction clearance rate of 57.8%, down from 59.4% from the previous weekend.
Parramatta Office Lease (SMH 19-20 Pg.54)
  • Rendall Kelly Financial Services have leased a 181m² commercial office at 76 Phillip Street, Parramatta under a five year term for $332/m² net.
St Leonards Office Lease (SMH 19-20 Pg.54)
  • Best Magic Ventures have leased a 65m² office suite at 110/460 Pacific Highway, St Leonards under a two year term for $420/m² gross.
Lidcombe Warehouse Lease (SMH 19-20 Pg.54)
  • JLG have leased a 2,142m² warehouse at 42 Birnie Avenue, Lidcombe under a one year term for $100/m² gross.
Mosman Retail Lease (SMH 19-20 Pg.54)
  • RFG have leased a 63m² retail shop at 1/914 Military Road under a five year term for $11,746/m² gross.

Victoria

Melbourne Auction Clearance Rate Update (AFR Pg.46)
  • Melbourne achieved an auction clearance rate of 54.7%, a decline of 7.6% from the previous weekend.
St Kilda Road Office Tower Listed (AFR Pg.48)
  • Challenger has listed a 10 storey office building comprising approximately 20,000m² of net lettable area at 417 St Kilda Road, St Kilda for sale.
  • The building comprises basement car parking for 480 vehicles and is currently tenanted by the Red Cross and Oracle.

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.

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Research & Advisory

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  • Distressed Property Evaluations
  • Valuation Evidence Packs
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Valuations

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