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Oz property prices start falling after soaring 17 months created fears of real estate bubble

Posted on 04 August 2010

From Propertywire.com: Residential property prices in Australia are falling after a period of soaring rises amid what experts are describing as a period of consolidation.
With average values down 0.7% in the June quarter, analysts have welcomed the move which they say will prevent a real estate bubble. It is the first price fall for 17 months and there were concerns that interest rates were going to be raised again to prevent the market getting out of control……………………………………….Full Article: Source

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