Negotiated on 3 different commercial properties in Adelaide over the past 12 mths- went in low and managed to get a 10% discount on all (from list price), not sure if this is standard realestate agent method (advertising 10% higher than expected sale price), or just a reflection of the subdued market.
We are confident we are buying at the bottom of the property cycle (6pm on the property clock), although I'm sure it will take at least a few years for any upswing in commercial prop values in Adelaide. This is a long term buy and hold (20 yrs) as we are going to run the family business from the site.
We are confident we are buying at the bottom of the property cycle (6pm on the property clock), although I'm sure it will take at least a few years for any upswing in commercial prop values in Adelaide. This is a long term buy and hold (20 yrs) as we are going to run the family business from the site.
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