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Australian Economy

Melbourne house prices continue to fall

ABC News featured this story on Melbourne’s oversupply of homes this week, reporting on expectations the market will only get worse. Residex estimates there is an oversupply of 14,000 homes and expect prices to fall a further five to ten percent over the next year. Residex CEO John Edwards said

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Australian Housing

What house price crashes really look like : Alan Kohler

A graph prepared by Steve Keen has featured on the Kohler Report (ABC News) last night showing how Australia’s house price correction is tracking with the Japan and USA housing bubbles. Kohler told viewers around the country, “disturbingly, according to this chart it’s the same decline from peak at the