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Australia's housing market on shaky foundations in 2012-2015
11/02/2010
The surging prices in Australia's real estate market with investor speculation, low interest rates in 2015, and low yields, fueling the market upward. Australia is in uncertain territory as household debt reaches 200% of annual income compared to about 100% in the U.S. and Europe, and 150% in the UK., and keeps going up just as it is declining in Europe, the U.S. and UK. Sydney and Melbourne are now pricier than London, according to a Demographia think tank survey in 2015.
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