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Aussie property boom benefits Perpetual

The fixed income money manager cuts some of its real estate debt investments to the lowest level in 10 years
Thursday, January 19, 2017 - 05:50

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Australia's residential property has attracted billions of dollars from investors despite warnings heady price increases in recent years may be unsustainable. In 2016, house values rose at the fastest pace in seven years, fuelled by record- low interest rates that emboldened buyers to pile on more debt.

Sydney

AUSTRALIA'S overheated property market has spurred one of the country's top-performing fixed income money managers to cut some of its real estate debt investments to the lowest level since the 2007 financial crisis.

Vivek Prabhu, the Sydney-based head of fixed income at

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