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Friday Tidbit: Australian Residential Property

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

One key trigger for Australian house prices crashing is mass unemployment.

If we get back up towards 10.0% (unemployment rate reached 10.7% in August 1993) then Sydney and Melbourne will definitely see house prices tumble dramatically.

The attached brief explains why it is so complicated even with house prices currently estimated to be 27% above their long term averages.

Click to read.

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