The Great Australian Illusion
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For years economists have been predicting that the Australian real estate market will collapse. Only last year economist Steven Keen from the university of Western Sydney made a bet with Macquarie’s interest rate strategist Rory Robertson about the burst of the real estate bubble – and lost! Now the latest statistics show that the housing prices going down in every capital city except Melbourne. So is this the end of the Great Australian Real Estate Dream?
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