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Doncaster East Sale

Another well-attended auction in Doncaster’s Tunstall Square saw 10 bidders battle it out in front of 200 people to grab 16 Tunstall Square for $2.85 million on a tight 2.9 per cent yield. “We made a concentrated effort targeting local private investors who were concentrating on long-term passive investments before yield,” Gorman Commercial’s Stephen Gorman said. “These buyers are not dependent on local financiers and they have the ability to be far more aggressive than others.”

Published in The Age, 2 March 2016
by Simon Johanson