Real Estate Institute of SA president Greg Moulton said it was "critical that vendors set a realistic price when selling, otherwise there is no way you will sell your property". "People are being very careful with their money and even though it is an emotional purchase, they are not going to pay more than the property is worth." Mr Moulton said the biggest discounts were in properties worth more than $2 million, where a 2% discount or more was common. Source: Adelaide Now
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