Vol 11. No.209

Wednesday 03 November 2010

Landsburys Independent Accreditation Reports

Economic Overview


 Current +/- Movement
$AUS/$US 99.84 +0.97
Cash Rate 4.75 +0.25  
90 Day Bill 4.81 +0.05
10 Year Bond 5.287 +0.040
ASX 200 4701.4 +2.9

 

New South Wales Property

WHK Horwath Sydney CBD and Norwest space requirement (AFR Pg.56)
  • Accountancy firm WHK Horwath has indicated that it is in the market for around 4,000m² of space in the Sydney CBD in addition to some space in Norwest Business Park. 
  • WHK Horwath currently has space in the Dexus and AMP owned Lumley House at 309 Kent Street and 120 Sussex Street. Both leases expire in 2012. 
  • WHK Horwath plans to either look for completely new space or consolidate the existing space to one of the current buildings.
Sekisui interested in Barangaroo (AFR Pg. 56)
  • Sekisui, Japan’s largest homebuilder has indicated it is interested in investing in Lend Lease’s Barangaroo project in Sydney. 
  • Sekisui recently purchased a half stake in the $75 million Serrata apartment towers in Melbourne’s Docklands and a share in Lend Lease’s Hyatt Coolum Resort.

National Property

Interest rate increase (AFR Pg.54)
  • The Reserve Bank of Australia has increased interest rates to 4.75%. The increase will add around $50 a month to repayments on a $300,000 mortgage.



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.

Previous Daily Wrap's

 

Research & Advisory

  • Market Demand Studies
  • Highest & Best Use Studies
  • Development Feasibilities
  • Tender Support
  • Product Analysis
  • Distressed Property Evaluations
  • Valuation Evidence Packs
  • Demographic Studies

Valuations

  • First Mortgage Valuations
  • GST Valuations
  • Unit Entitlements
  • Acquisitions
  • Land Tax & Rating
  • Evidence of Value
  • Internal Reporting
  • Stamp Duty