Vol. 11 No.171
Wednesday 08 September 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
91.42 |
-0.27 |
 |
| Cash Rate |
4.50 |
Steady |
 |
| 90 Day Bill |
4.75 |
+0.02 |
 |
| 10 Year Bond |
4.865 |
-0.063 |
|
| ASX 200 |
4573.2 |
-2.3 |
|
National Property Market
Growth Centres Update (AFR Pg.65)
- The West Melbourne region has become the fastest growing residential region according to new research.
- Wyndham and Melton added a total of 18,100 new residents in the 12 months to June 2009, outperforming the Gold Coast with 17,300 residents and North Brisbane with 13,300.
- Sydney’s north-west and Melbourne’s south-east each attracted 12,000 new residents in the corresponding period.
- Ten years ago, the western fringe of Melbourne attracted 4,000 new residents annually whilst the Gold Coast attracted almost 15,000 new residents.
- The increase in the number of new residents within Melbourne’s western fringes has been attributed to transport infrastructure and affordability.
Sources: As above
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