Tuesday 22 November 2011

Blue Mountains. Properties sold

The 37-suite Echo Point Motor Inn, in Katoomba, has sold for $1.4 million, a steep discount to its trading price of $2.15 million in 2004, according to The Australian Financial Review. In June, the Hotel Gearin sold for $1.925 million, well below the $4.2 million paid in 2005.

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