Interest Rates - Issued March 2008

LAND COURT 1/2008
INTEREST RATES

COMPENSATION AWARDS - LAND ACQUISITION
1998 - 2008

Issued March 2008 and incorporating Interest Rates & Yields up to and including January 2008

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 1998-2008

Year

Variations within year

Adopt

1998

4.94% - 5.98%

5.50%

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

6.26%	6.03%	5.92%	6.16%	6.28%	6.00%	6.33%
Jun	Jul	Aug	Sept	Oct	Nov	Dec

5.88% - 6.33%

6.00%

2008


Jan

6.09%

6.00%

Interest rate averages
Years	Average rate
1998 - 2008	5.75%
1999 - 2008	5.75%
2000 - 2008	5.75%
2001 - 2008	5.75%
2002 - 2008	5.50%
2003 - 2008	5.50%
2004 - 2008	5.75%
2005 - 2008	5.75%
2006 - 2008	5.75%
2007 - 2008	6.00%
- 2008	6.00%

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