Vol 11. No.141
Wednesday 28 July 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
90.21 |
+0.54 |
 |
| Cash Rate |
4.50 |
Steady |
 |
| 90 Day Bill |
4.83 |
-0.02 |
 |
| 10 Year Bond |
5.282 |
+0.035 |
|
| ASX 200 |
4497.4 |
+11.3 |
|
NSW Property
Alexandria lease (Colliers International)
Victoria Property
Victoria price update (AFR Pg.57)
-
In the 2 years to January 2010 Melbourne’s media house prices rose 28% to $480,000.
-
Due to the 6 interest rate increases since October it is expected the median house price may have declined to $460,000.
-
In the 2 years to January the value of Victorian property increased by 20% to $1.26 trillion.
-
The value of the commercial market increased by approximately 1% and Victorian shopping centres rose between 5% and 10%.
National Property
Charter Hall update (AFR Pg.57)
-
Charter Hall would consider purchasing the $200 million of shopping centres that Centro will shortly place on the market.
-
This year the wholesale Core Retail Fund will be renamed the Charter Hall Direct Retail Fund, be restructured and opened to retail investors .
-
The fund currently has $155 million in assets and has a target of $300 million to $400 million.
Australand update (AFR Pg.56)
Sources: As above
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