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1.Market Observations, 8.Was Sticky

5 Oct 2018 (AFR) – Buyers in Brisbane’s Skytower now looking to sell at discounts

(5 October 2018, AFR, p33, by Matthew Cranston)

‘Buyers of apartments in Brisbane’s tallest building – AMP Capital’s Skytower are trying to sell out of their properties for as much as 10 per cent discounts – with some buyers being Asian speculators who may be struggling with finance.  The move to sell the apartments at such discounts comes as The Australian Financial Review revealed on Thursday that valuers were being threatened with legal action by the developer after valuing apartments in the Skytower at up to 25 per cent less than what they were originally valued.’

Read more at AFR.com (might need AFR access, or try: AFR.com/trial)

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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