Vol 11. No.99

Friday 28 May 2010

Economic Overview

Current +/- Movement
$AUS/$US 83.65 +1.20
Cash Rate 4.50 Steady
90 Day Bill 4.86 +0.02  
10 Year Bond 5.380 +0.055
ASX 200 4379.2 +72.0  

NSW Property

Barangaroo update (AFR Pg.55)
  • Prior to submitting their bid for the Barangaroo project Lend Lease had a buyer lined up for a 50% share of the first commercial building.
  • The purchaser of a 50% share in the residential building was known 6 months out.
  • A heads of agreement on a commercial lease, which will take a large portion of the first commercial building, has been reached.
  • Lend Lease anticipates work to commence by the end of the year despite final development approval not being granted.

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