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IPFS News Link • Economy - International

Aussie Landlords Hit With Biggest Drop In Rent In 15 Years

• arclein

Australia's housing market is at risk of imploding. A decade of lowering interest rates to 1% and printing money to drive up home prices has led to dangerous imbalances in real estate markets across the country - that will soon be corrected. Take, for example, Sydney, rents in the three months to June plunged the most in 15 years as the "last legs" of the city's debt-fueled apartment boom floods the market with supply, leaving tenants with more choices than ever, reported The Australian Financial Review.