Vol 10. No.198

Friday 30 October 2009

Economic Overview

Current +/- Movement
$AUS/$US 89.90 -1.16
Cash Rate 3.25 Steady
90 Day Bill 3.88 -0.03  
10 Year Bond 5.515 -0.105
ASX 200 4574.7 -110.4

National Property Market

New home sales update (AFR Pg.53)

  • New research conducted by the HIA has revealed that the number of new home sales fell by 4.5% in September as a result of the federal government reducing the first home owners grant.
  • Overall sales for new homes rose 4% in the 3 months to September.
  • Apartment sales were down 6.5% for the month but up 4% for the quarter due a surge in August.
  • Sales for new detached dwellings increased in NSW by 8.9% and 1.1% in
  • Queensland. Sales in Victoria fell by 12.7%.Queensland Property

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

 

Bob Rowlands

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