Vol 11. No.19
Friday 29 January 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
90.09 |
+0.04 |
 |
| Cash Rate |
3.75 |
Steady |
 |
| 90 Day Bill |
4.31 |
Steady |
|
| 10 Year Bond |
5.470 |
+0.070 |
|
| ASX 200 |
4673.3 |
+28.7 |
|
Queensland Property
Brisbane residential update (AFR Pg.53)
- FKP Property Group has received development approval from Brisbane City Council to construct The Milton, a 31 storey, 303 residential apartment complex with 1,235m² of retail space.
National Property
Hotel update (SMH Business Day Pg.4)
- The Federal Government's withdrawal of stimulus payments has been blamed for the decline in Hotel takings over the Christmas period.
- According to a survey, sales of food and packaged liquor were down by 20% over the year while bar and gaming takings declined by 10%.
- Woolworths hotels witnessed a 4% decline in sales and poker machine revenue fell by 6% in the December quarter.
- In Queensland poker machine takings were down by 10%.
Sources: As above
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