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The status of the Australian housing market

Posted on 24 June 2011

The Australian housing market is beginning to feel the struggles that the United States and Europe have already been feeling for several years now. The American Bureau of Statistics shows that owner-occupied housing loans are down by 1.5% in March when original projections showed over a 2% rise.
The amount of loans that consumers are taking out is significantly lower than ever before despite annual incomes increasing over the past several years………………………………………..Full Article: Source


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