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In Australia, Signs of overheating in the housing market

Posted on 03 November 2010

From WSJ: Amid the gloom hanging over the U.S. housing market, Australia continues to defy critics who say one of the world’s few property hot spots is overdue for a correction.
Another test will come at the landmark Sydney Opera House on Monday, when real-estate agency Ray White Ltd. holds an auction of 11 luxury dwellings, 10 in New South Wales, one in Queensland……………………………………….Full Article: Source

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