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Joye: Housing bust a miracle

December 7, 2018 - 14:00 -- Admin

From our Chris today: To APRA’s immense credit, it has managed to pull off a minor miracle: bursting the bubble during the boom. Debelle has previously noted that there was no evidence of a wealth effect, or positive feedback loop into consumption, during the upswing when Melbourne and Sydney house prices surged 50 per cent

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