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Wednesday, May 2, 2012

''ABS figures show Australia's housing price bubble is bursting'': Steve Keen

From Property Observer
By Steve Keen

"Australian house prices have now fallen 6.1% from their peak, and have been falling for 21 months, which is the longest downturn in nominal prices ever recorded by the ABS – the previous longest being the 12 months from the beginning of the GFC (which was terminated by my favourite government policy of all time, the First Home Vendors Boost)."


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