A downturn in Australia’s real estate market will add to concerns of a two-speed economy in the resource-rich nation. Mining profits are surging due to heavy demand from China and other fast-growing Asian countries, but consumer businesses and manufacturing have faltered under the weight of the swollen Australian dollar, which is trading near 30-year highs to the US currency.
It also could threaten foreign investors who have poured more than $20 billion into the market every year since 2004, on ………………………………………Full Article: Source