Vol 11. No.82
Wednesday 05 May 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
92.07 |
-0.50 |
 |
| Cash Rate |
4.50 |
+0.25 |
 |
| 90 Day Bill |
4.70 |
+0.06 |
|
| 10 Year Bond |
5.740 |
-0.040 |
|
| ASX 200 |
4737.1 |
-48.4 |
|
Victoria Property
Victoria increases the first home owners grant (AFR Pg.17)
-
The Victorian Treasurer has extended and increased the first home buyers bonus to those who purchase a newly constructed home.
-
From July 1, the bonus for first home buyers of new homes within metropolitan Melbourne will increase by $2,000 to total $20,000.
-
Within regional Victoria the bonus will rise from $22,500 to $26,500.
-
The existing $2,000 boost for established homes will cease.
Doncaster Corporate Centre sales (AFR Pg.65)
National Property
Westfield Group update (AFR Pg.64)
-
Westfield Group will expand their development program to approximately $1 billion this year.
-
Work will commence on the Sydney City Office Tower ($350 million) and on the upgrade to Fountain Gate in Melbourne ($250 million) and the Belconnen Centre in Canberra ($125 million).
-
Small projects will commence in the US.
Sources: As above
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