Wednesday, November 10, 2010
Aussie Housing Bubble Gets Popped With Chinese Credit Crash - Great Speculations - Buys, holds, and hopes - Forbes
Aussie Housing Bubble Gets Popped With Chinese Credit Crash - Great Speculations - Buys, holds, and hopes - Forbes: "Australian real estate is at 7.5 times family income today – twice the price it should be according to GMO data, and needs to decline by over 40 percent to return to trend.
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