Friday, October 25, 2013

Australia's rising property prices spur bubble concerns


Property prices in Australia's major cities such as Sydney and Melbourne have started to soar in recent months, driven in large part by record low interest rates.
But some home buyers and sellers are now starting to wonder whether Australia's market is headed for bubble territory.
The BBC's Phil Mercer went to a housing auction in Sydney to find out.

Link to: http://www.bbc.co.uk

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