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Australia: Lucky country when it comes to real estate

Posted on 13 February 2013

In the current real estate environment it’s tempting to feel unlucky and unloved, particularly if you bought a property in recent years and watched its value go nowhere or backwards. Or if you’ve been trying to break into Australia’s housing market, which by many measures is the world’s most expensive.
However, a few reports and statistics are showing just how lucky we are. Here are some examples. Firstly, look at the global financial crisis and its impact on house prices worldwide. US housing slumped 30 per cent, more than 50 per cent in some areas. In Britain it was 20 per cent………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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