I agree, if they can't sell the place, it's because it is too expensive and they need to lower the price. Easy fixed.
I note that Receivers don't have a problem, only real estate agents.
KordaMentha, the receiver for the latest, failed Oracle Broadbeach Gold Coast highrise is discounting. The discounts vary between 10 and 30 percent, with the average discount 19 percent at the moment. Slowly, but surely they are moving them. When there is no demand at 30 percent discounts, they will go to 40 percent. Simple.
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