Wednesday, 29 August 2012

Region. Mortgage arrears

The Fitch Ratings 10 worst NSW postcodes by number of mortgage arrears include four from Western Sydney: 2168 – Ashcroft, Busby, Cartwright, Green Valley, Heckenberg, Hinchinbrook, Miller and Sadlier; 2171 – Carnes Hill, Cecil Hills, Elizabeth Hills, Horningsea Park, Hoxton Park, Len Waters Estate, Middleton Grange and West Hoxton; 2749 – Castlereagh and Cranebrook; 2766 – Eastern Creek and Rooty Hill.


Liverpool. Sales expected to be $1.5 billion

Investec Bank Australia expects to send out an information memorandum, on September 10, for Inghams Enterprises, headquartered in Liverpool, which sole owner Bob Ingham put up for sale last month. The company, which has a 35 per cent market share of the poultry market, expects to generate sales of $200 million over the next year. The Australian Financial Review said Mr Ingham hopes the business to fetch as much as $1.5 billion.


Region. Rental vacancies

Rental vacancies in Sydney are at highest level in six years. The July 2012 rental vacancy survey shows the percentage of available properties is now at 2.2 per cent across the entire Sydney metropolitan basin, an increase of 0.4 per cent compared to the previous month. This is the first time since August 2006 that the average vacancy rate for the entire city has exceeded 2 per cent. Significant increases in the percentage of available rental properties were recorded in all areas of Sydney: Inner suburbs (0-10km from the CBD) rose 0.2 to 2.0 per cent; Middle suburbs (10-25km from the CBD) rose 0.5 to 2.3 per cent; and Outer suburbs (more than 25km from CBD) rose 0.4 to 2.2 per cent.