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Australia: House prices may fall 20pct by 2013, Steve Keen predicts

Posted on 20 October 2011

University of Western Sydney associate professor of economics Steve Keen believes property prices may fall, peak to trough, by 20% through 2013, warning the most recent peak in prices may be the last one for some time.
But where house prices go over the next year depends mostly on employment growth and interest rates, says SQM managing director Louis Christopher, who warns predictions without significant modelling behind them cannot necessarily be relied upon……………………………………….Full Article: Source


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