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Out of date Press
Releases and Market Commentary by leading National Newspapers
March 2008
The doom and gloom reported by Sydney Newspapers and the
Australian Financial Review as to the position of the Hotel market is
predominately six months out of date.
The movement of yields to 9 - 12% occurred in the last quarter of 2007 and has
remained consistent during January and February 2008.
The mortgagee sales referred to in various articles were sales that were
negotiated at the end of 2007, yet the commentary of further receiverships are
true and correct though the wheels were well and truly turning before 2008
commenced.
Bligh Williams
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