Australian property market

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In the late 2000s, housing prices in Australia, relative to average incomes, were among the highest in the world, prompting speculation that the country was experiencing a real estate bubble, like many other countries.[1]

In Sydney, as of March 2010, the Property Market's vacancy rate reached 0.53%[2] signalling that the Market is recovering, as these rates had reached 2% in August 2009.[3]

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