Down Under, Going Under: Australian Housing Implodes As RBA Hikes Into The Slump
Summary
Down Under, Going Under: Australian Housing Implodes As RBA Hikes Into The Slump For three decades, the one trade every Australian knew by heart was "buy property in Sydney." Now it's disintegrating. That's the gist of a Bloomberg feature from this summer, titled " One of the World's Longest Housing Booms Is Cracking in Sydney ," which at the time read like a slightly alarmist look at a market that was "only" 3.6% off its peak. Two months, one rate hike and a whole lot of downward revisions later, it reads more like the opening chapter. According to the October Cotality data released just…
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Down Under, Going Under: Australian Housing Implodes As RBA Hikes Into The Slump
Down Under, Going Under: Australian Housing Implodes As RBA Hikes Into The Slump For three decades, the one trade every Australian knew by heart was "buy property in Sydney." Now it's disintegrating. That's the gist of a Bloomberg feature from this summer, titled " One of the...
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