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The share of foreign buyers in the Australian residential property market is declining, according to The National Australia Bank's Residential Property Survey for the first quarter of 2016.
Construction work performed during the March quarter fell by 2.6%, according to the Australian Bureau of Statistics. Engineering work fell 4.2%, and commercial building slumped 5.5%. However, residential construction...
Strong gains in property prices since 2008 and relatively low wages growth over the period are blocking first-home buyers out of the market, according to new research by CoreLogic.
“If in December 2008 you...
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