Vol 11. No.128
Friday 09 July 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
87.39 |
+2.57 |
 |
| Cash Rate |
4.50 |
Steady |
 |
| 90 Day Bill |
4.85 |
Steady |
|
| 10 Year Bond |
5.130 |
+0.078 |
|
| ASX 200 |
4356.7 |
+102.1 |
|
NSW Property
Terranora Country Club development plans (AFR Pg.53)
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The NSW government has approved the $1.2 billion redevelopment of the Terranora Country Club at Bilambil Heights near the Queensland border.
-
The derelict club will be redeveloped to include 1,604 dwellings, a 200 bed aged-care facility, commercial and retail space and an arts college.
-
The project will take 10 to 12 years to be developed in its entirety.
Balmain Leagues Club update (SMH Pg.3)
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The proposal by Rozelle Village to redevelop the Balmain Leagues Club has been rejected following a public meeting.
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The development was opposed because of the traffic congestion and impact on Darling Street businesses.
-
The developer will continue to campaign for the 3 tower complex.
Bonnets Bay Shopping Village sale (AFR Pg.53)
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The Bonnets Bay Shopping Village has sold for $1,915,500, $265,500 above reserve, on a yield of 5.7%.
-
The centre is on a 2,653m² ($722/m²) site and comprises 9 shops, 1 apartment and 28 car spaces.
-
The annual income is $110,000.
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
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