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Australia’s housing market creaks

Posted on 16 March 2012

Australian homeowners sidestepped the worst of the global financial crisis as the country’s housing market held up well. But the party looks close to an end.
Despite the country’s resource riches, the economy is faltering. Corporate profits are down and the unemployment rate is worsening. When commodity prices dropped in the fourth quarter, growth in gross domestic product disappointed………………………………………..Full Article: Source


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