{"id":15612,"date":"2018-12-05T10:50:36","date_gmt":"2018-12-04T21:50:36","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=15612"},"modified":"2018-12-05T10:50:36","modified_gmt":"2018-12-04T21:50:36","slug":"housing-slump-the-biggest-threat-to-the-australian-economy","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/housing-slump-the-biggest-threat-to-the-australian-economy\/","title":{"rendered":"Housing slump &#8216;the biggest threat to the Australian economy&#8217;"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Australia&#8217;s two biggest cities are experiencing a downturn in house prices<\/strong><\/p>\n<p>They might be labelled rivals but Sydney and Melbourne have much in common. Their economies especially are increasingly aligned.<\/p>\n<p>Knowledge-intensive service industries have transformed both cities over the past two decades. Each has a population around the 5 million mark.<\/p>\n<p data-gtm-vis-first-on-screen-6236702_632=\"833\" data-gtm-vis-total-visible-time-6236702_632=\"3400\" data-gtm-vis-polling-id-6236702_632=\"646\" data-gtm-vis-recent-on-screen-6236702_632=\"95754\">The four largest industries by output in Melbourne and Sydney are now the same \u2013 financial services, professional services, healthcare and construction. They employ some of Australia&#8217;s most productive and well-paid workers.<\/p>\n<p data-gtm-vis-first-on-screen-6236702_632=\"833\" data-gtm-vis-total-visible-time-6236702_632=\"3400\" data-gtm-vis-polling-id-6236702_632=\"646\" data-gtm-vis-recent-on-screen-6236702_632=\"95754\">READ MORE VIA <a href=\"https:\/\/www.smh.com.au\/business\/the-economy\/housing-slump-the-biggest-threat-to-the-australian-economy-20181204-p50k79.html?utm_medium=Social&amp;utm_source=Twitter#Echobox=1543952255\">SMH<\/a><\/p>\n<p>https:\/\/www.instagram.com\/p\/Bovf1aPl76Q\/<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"mdcOWNL87I\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/\">Advertising Rates<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAdvertising Rates\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/embed\/#?secret=B99XtbkpCg#?secret=mdcOWNL87I\" data-secret=\"mdcOWNL87I\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Australia&#8217;s two biggest cities are experiencing a downturn in<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/housing-slump-the-biggest-threat-to-the-australian-economy\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":13034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098519,478098535,478101043,478098556,478098513,478098579,478098510,478098514,478098511,478098509,478100917,478098618],"class_list":["entry","author-wpcomsupport","post-15612","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-home-ownership","tag-house-prices","tag-housing-slump","tag-nsw","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-sydney-and-melbourne","tag-sydney-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Housing slump &#039;the biggest threat to the Australian economy&#039; 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