Hi
I bought the adelaide newspapers, Advertiser on Saturday and was shocked by how many pages the real estate section was. It was 80 pages and every ad is as small as it can get.
I am not too familiar with Adelaide properties, I wonder if it has always been that way or if there is definitely an over supply at this point in time.
Cheers,
LiviwellI wouldn’t say theres an oversupply as the turnover is very quick. A lot of places are contracted after the first open. I’ve just bought my first IP after weeks of searching. Veiwed the place on a sunday then went to the RE lunchtime monday to submit an offer and it was already contracted!. Got a call few days later that the buyer couldn’t get finance so I submitted an offer and got it because I had finance preapproval, even though my offer wasn’t the highest. (Thats a tip to remember).
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