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Australia: Worst year in real estate market since GFC

Posted on 23 November 2011

Australia’s residential property market is headed for its worst year since the global financial crisis as growing economic uncertainty deters buyers.
Melbourne may post the gloomiest results for 2011 among the major cities, with the clearance rate at auctions on course to fall to levels not seen since 2004, according to data from the Real Estate Institute of Victoria………………………………………..Full Article: Source


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