Hi guys
Been away for a bit, but my inbox has an MOF alert from Mail Delivery re Australian Banks/Property updates dated 31.10.09
"MOF released results of independant valuations of its property portfolio of 42 preperties, which saw the value drop by 10.5% tp $5.9B from $6.5B for year ending 30.6.09".
Is this new news ?
If so assume it is historic eg pre june and that things have stabalised since, but obviously will impact on NTAs.
Any thoughts?
