| Australia's housing market is unlikely to suffer a "structural collapse" on the scale of America's property rout, a new report says. This is despite deep household vulnerability to further rate rises.
But the two-speed economy is a "serious problem" for the market, with confidence sliding as weak demand buffets employers in the retail, manufacturing and tourism sectors. The report, by investment research group Morningstar, comes as Housing Industry Association data reveals that sales of new homes in April were down 10 per cent on the same month a year ago.............................................Full Article: Source
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