PHOTO: Melbourne’s skyline. Photo: 123RF
Australia is at growing risk of a home price crash because of the high number of mum and dad property investors, inflated prices, record household debt and an economy that appears to be losing momentum, a new report says.
Hedge fund Watermark Funds Management warned conditions in the Australian housing market were similar to countries which experienced property busts after the global financial crisis, including the United States, the United Kingdom, Spain and the Netherlands.
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