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Don't fear the bubble, says US property guru

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Australian Broker | 15 Sep 2011, 05:00 AM Agree 0
A renowned US economic forecaster has told Australian BrokerNews mortgage brokers could actually benefit from a housing bubble
  • Pattmort | 15 Sep 2011, 01:03 PM Agree 0
    Some segments of the property market will be affected more than others, many of the higher end markets in the main cities have already seen 20+ % corrections i.e. Parts of Sydney over 1.5 Mill are now back to 2003-4 prices. Fear doubt and uncertainty are what is currently driving the finance and property market woes. The quicker the EU and US truly address the real issues the quicker business and consumer demand will return to normal transaction levels.
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