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The Australian property bubble can withstand greater adversity

Posted on 14 September 2011

By now Australians are totally accustomed to visiting gurus telling us our houses are about to crash in value. We have had the experts at The Economist and investment legend Jeremy Grantham tell us Australian housing is a terrible bubble that will pop, with prices falling as much as 50 per cent.
US consultants Demographia this year labelled Australia as the most expensive property market in the world, with homes costing 6.1 times average annual income……………………………………….Full Article: Source


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