Confidence Reappears After the Federal Election in Quality Investments
Confidence reappears after the election with over 60 people attending Gorman Commercial’s auction at 290-292 Doncaster Road, Balwyn North with multiple bidding. Stephen Gorman and David Minton sold the property for $1,680,000. Investors liked buying 2 shops on 2 separate titles in 1 auction. “The aftermath of the recent federal election appears to be showing further positive sentiment for quality investments”, said Stephen Gorman.
The neighbouring property at 286-288 Doncaster Road, Balwyn North sold on the same day for $2,150,000. Stephen Gorman said, “The exceptional results today have a lot to do with confidence in buying in neighbourhood retail strips. It was extremely positive to see the appearance of both local and overseas buyers competing.” Stephen Gorman said.