Flood in Brisbane, Queensland will boost the both rental and retail sales.
Many houses have been by affected by the flood and i think people will go to rental an accommodation temporary or starting to find a new house.
MIRVAC will be benefit on the soar of rental and new residential house sales.
Event : FEB 15, 2011 (INTERM Report)
Below is the news of Price Soar in Rental. http://www.brisbanetimes.com.au/business/property/prices-to-soar-in-rental-rush-20110118-19udz.html
JP Morgan upgrade MIRVAC to Overweight. http://www.theaustralian.com.au/business/jpmorgan-upgrades-mirvac-rating-to-overweight/story-e6frg8zx-1225987399696
JP Morgan, recommend MIRVAC as a potential takeover target.
>>The JPMorgan team, led by Rob Stanton, said GPT, Dexus and Mirvac offered "the clearest and cleanest" opportunities among the largest trusts for mergers and acquisitions. http://www.theaustralian.com.au/business/trusts-ripe-for-the-picking-jpmorgan/story-e6frg8zx-1225985238704
MGR Price at posting:
$1.31 Sentiment: Buy Disclosure: Held
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