Also, foreign investors purchasing new homes in Australia hit an all-time high percentage during the first-quarter of 2014.
When foreign investors buy property en masse they invariably do it near the peak of the market (just as the Japanese did during their investment mania in Australia in the late 1980s). Here we are again, although I fear this market peak is more significant than that one.
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- end of the line for the speculative mania
end of the line for the speculative mania, page-2
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