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Quarter 2 review. Outlook – reasonable long-term value. How this

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Quarter 2 review. Outlook – reasonable long-term value. How this Powered By Docstoc
					                                                                                                                                      Property – Quarterly Report
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                                                                                                                                                                                                       APR-JUN 2006




In any given financial quarter there will be an overall trend for the property market. At the end of the
quarter the property market will have done one of three things, gone up, gone down or stayed the same.


Quarter 2 review.                                                                               pCmL^pu=OMM=df`p=mêçéÉêíó=^ÅÅìãìä~íáçå=fåÇÉñ=
The property sector returned a strong 4.5%.                                                       PRMMM
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The strongest performer was Macquarie Goodman Group following
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their acquisition of European logistics developer Eurinpro.
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Not far behind was Multiplex Group after a positive court outcome in                                                                                                                                                   eáÖÜLiçï
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its dispute with Cleveland Bridge, the steel contractor at Wembley.                                                                                                                                                    `äçëÉ
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Outlook – reasonable long-term value.                                                             OUMMM
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Confidence boosters
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Underlying property market fundamentals and values remain
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supportive over the long term.
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Confidence bursters
Short-term inflation-driven volatility may see the sector drift lower in
the short term.
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Caution still remains around the growth and interest rate outlook for the US.                                                                                              _Éëí=éÉêÑçêãáåÖ=ëÉÅíçêë
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How this relates to Virgin Super options.
The more property you have in your asset split, the more relevant this information is. Property comprises a relatively small percentage of
Life Stage Tracker® options, however people selecting their own asset split may be more interested in this performance.



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The legal bits.
Materials prepared by Virgin Money Financial Services Pty Ltd (“VMFS”) (AFSL 286869; ABN 51 113 285 395) for Virgin Superannuation (RSE: Lic. No. L0000635;
Reg. No. R1001440).
Please note this information doesn’t constitute personal financial product or investment advice, and you may wish to consult your financial advisor before deciding whether Virgin
Superannuation fits your objectives, financial situation and needs.
The information contained above has been provided to VMFS by a third party. This information hasn’t been verified by VMFS and isn’t guaranteed to be accurate. VMFS accepts
no liability for any errors in the information and takes no responsibility for any investment and/or trading decisions based on the above, nor any damages or losses resulting from
these decisions.

				
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