Australia Housing Market – growing woes… UBS’s Australia economics research team headed by Scott Haslem in a note titled “Housing outlook: ring the bell, we’re calling the top” is calling the top of the Australian housing market. In a research note published at the end of last week, the team lays out its case for why the market cannot go much higher in the near term and why they believe a substantial correction of property prices is likely. This Is The Top Of The Australia Housing Market The team notes that even though the traditional trigger for a housing downturn…
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