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Sydney housing market fourth on global bubble index

Sydney has the fourth riskiest housing market in the world after surging in value over the last three years, according to a bank report.   The report, the UBS Global Real Estate Bubble Index, said housing markets in major cities around the world are overheating just a few years after the global financial crisis saw […]

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The OECD has warned Australia’s housing market could collapse

A LEADING authority on the world economy has warned that Australia’s inflated housing market is at risk of a “sharp correction”. While the Organisation for Economic Cooperation and Development, was forecasting a three per cent growth in our economy next year, thanks to a rise in investment in the non-mining sector and exports, it feared […]

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Steady rates will not stop Sydney housing boom

The Reserve Bank of Australia’s decision this week to keep rates on hold will not halt Sydney’s booming property market, experts say. The median price for a Sydney home rose 1.4 per cent in February, while in the rest of the capitals combined – including Sydney – it was up just 0.3 per cent, according […]