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The Party's Over For Australia's $5.6 Trillion Housing Frenzy

• zerohedge.com by Tyler Durden

This was UBS's view following the October 2017 monthly report on Australian house prices from CoreLogic suggested that measures to tighten credit standards and dissuade overseas buyers (especially Chinese in Sydney and Melbourne) have finally begun to bite. As CoreLogic's summary table shows, Sydney prices fell in October, for the second month running, and poised to lead national prices lower.

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