everybody is so optimistic , page-5

yes...

(but its go to be said)

Increasing rates differential between Australia and the rest of the world will increase the exchange rate.

The Australian centres are providing a lot of the surplus income to service debt.

Rates in the US are going down.

The majority of the debt is in $uS and backed by the US centres...

so..

increased exchanged rates = lower financing costs

decreased US rates = lower financing costs

using Aus funds to pay off US debts = lowering of outstanding debt position.



and.. in a couple of years, once rates have been jacked up here... the US properties will be able to service us.


its a Hold for the announcement.