Interest Rates - Issued March 2009

LAND COURT 1/2009
INTEREST RATES

COMPENSATION AWARDS - LAND ACQUISITION
1999 - 2009

Issued March 2009 and incorporating Interest Rates & Yields up to and including January 2009

The following rates are used by the Land Court and Land Appeal Court when calculating interest on awards for compensation for resumptions under the Acquisition of Land Act 1967.

Source:

Interest Rates & Yields - Capital Market (10 years)
(Calculated to nearest 0.25%)

Interest rates 1999-2009

Year

Variations within year

Adopt

1999

5.02% - 6.96%

6.00%

2000

5.46% - 7.16%

6.25%

2001

5.21% - 6.08%

5.75%

2002

5.16% - 6.32%

5.75%

2003

4.87% - 5.95%

5.25%

2004

5.23% - 5.94%

5.50%

2005

5.06% - 5.67%

5.25%

2006

5.29% - 5.89%

5.50%

2007

5.88% - 6.33%

6.00%

2008

6.09%	6.21%	6.04%	6.29%	6.53%	6.45%
Jan	Feb	Mar	Apr	May	Jun

6.23%	5.75%	5.40%	5.18%	4.58%	3.99%
Jul	Aug	Sep	Oct	Nov	Dec

3.99 - 6.53%

5.75%

2009

4.10%
Jan

4.00%

Interest rate averages
Years	Average rate
1999 - 2009	5.50%
2000 - 2009	5.50%
2001 - 2009	5.50%
2002 - 2009	5.50%
2003 - 2009	5.25%
2004 - 2009	5.25%
2005 - 2009	5.25%
2006 - 2009	5.25%
2007 - 2009	5.25%
2008 - 2009	5.00%
- 2009	4.00%

NOTE: These interest rates have been compiled for the purpose stated above. They are not for purposes of sale analysis.