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Australia: Falling home prices threaten $20bln in annual foreign investment

Posted on 25 August 2011

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


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