Vol 11. No.1
Monday 04 January 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
89.67 |
+0.03 |
 |
| Cash Rate |
3.75 |
Steady |
 |
| 90 Day Bill |
4.16 |
-0.12 |
 |
| 10 Year Bond |
5.645 |
-0.165 |
 |
| ASX 200 |
4870.6 |
+37.3 |
|
NSW Property
Sydney CBD Retail Update (SMH Weekend Business Pg.3)
-
The Virgin Megastore lease at 343 George Street, Sydney is set to expire next month and will not be renewed.
-
Owners, Abacus are said to be taking the opportunity of redeveloping the site.
-
Woolworths has leased space on the third floor of Westfield’s new Centrepoint development in Pitt Street, Sydney under its Thomas Dux label. The store is set to be in direct competition to the David Jones food hall.
-
Leases on the ground floor within the Pitt Street Mall development are said to be fetching $10,000/m² to $12,000/m².
Victoria Property
Melbourne Housing Forecast (AFR Pg.41)
-
Despite recent interest rate rises Melbourne’s housing market is expected to maintain strong growth through 2010.
-
Industry sources forecast single digit growth compared to the 17% increase in the first 11 months in 2009.
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.