Vol 11. No.113
Friday 18 June 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
86.03
|
-0.44
|
 |
| Cash Rate |
4.50 |
Steady |
 |
| 90 Day Bill |
4.87
|
Steady
|
|
| 10 Year Bond |
5.355
|
-0.070
|
 |
| ASX 200 |
4527.3
|
-31.7
|
|
Queensland Property
Development plans for Bowen Hills (AFR Pg.53)
- Metro Property Group which is owned by David Devine has purchased a 2,600m² site on the corner of Campbell and Mayne Streets in Bowen Hills. The vendor was ARIA Property Group.
- Development plans include 245 apartments and retail space.
- Asking prices will start at $335,000.
- Metro Property Group is aiming to develop 400 apartments in Brisbane and 200 apartments in Melbourne annually.
National Property
ING Office Fund update (AFR Pg.53)
- Since the start of the year the ING Office Fund has leased approximately 29,000m² of office space across their portfolio.
- Transactions include a 3 year lease for 10,500m² to Westpac Banking Corporation at 151 Clarence Street, Sydney.
- The Department of Transport and Main Roads leased 3,000m² at 140 Creek Street, Brisbane.
- QR leased 15,000m² at 295 Ann Street, Brisbane.
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.