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Sunday, April 22, 2012

Australia: ''A 60% price fall - Incredible prediction of Australian real estate bloodbath excites Twitter''

From Property Observer

"A forecast that Australian property prices will fall 60% over the next few years has excited the Twitterverse.
The prominent property doom commentator Steve Keen has expressed ironic relief that another analyst has forecast even worse tidings than his longstanding forecast for the Australian property market.

United States analyst Jordan Wirsz forecast a 60% fall in Australian capital city house prices over the next five years."

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