Vol 11. No.32
Wednesday 17 February 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
89.32 |
+0.65 |
 |
| Cash Rate |
3.75 |
Steady |
 |
| 90 Day Bill |
4.17 |
-0.01 |
 |
| 10 Year Bond |
5.510 |
+0.040 |
|
| ASX 200 |
4567.8 |
+22.3 |
|
NSW Property
Sydney residential property update (AFR Pg.57 and SMH Pg.4)
- According to research the median rent for inner Sydney houses increased by 5% in the December quarter, following on from little or no growth during the first 9 months of 2009.
- The median rent for 2 bedroom units in inner Sydney increased by 2% over the quarter.
- The median rent for 2 bedroom houses in the outer ring rose 12% over the year whilst 3 bedroom houses recorded a 9.4% increase.
- The median rent for 3 bedroom houses rose in Campbelltown (9.7%), Camden (9.1%), Liverpool (8.7%) and Penrith (8.5%).
- Over the past 5 years the median rent for 3 bedroom houses in the outer ring have risen 46%.
- Sale prices also increased the greatest in the middle (7.3%) and outer rings (6.3%) compared with the inner ring (4.7%).
National Property
Mirvac development update (AFR Pg.54)
- Mirvac has sold the first stages of 2 housing projects in Sydney’s Coogee and Melbourne’s Albert Park via marketing to Mirvac’s VIP list.
- The 50 properties had an average sale price of $1.5 million.
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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