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Australian housing market just a jobs crisis away from collapse

Posted on 19 March 2012

Stocks of unsold apartments and houses are growing as buyers desert the housing market. While the rate cuts late last year helped to stabilise property prices, the market remains vulnerable and would be threatened by any rise in unemployment.
Australia has so far been saved from the kind of housing market collapse witnessed in the US, Britain, Spain and Ireland by the lack of forced sellers………………………………………..Full Article: Source


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