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Australia's moves to cool property prices start to bite

Australia's generous tax breaks for landlords, combined with record-low borrowing costs, have made the nation home to more than two million property investors.


ONE of the key engines of Australia's five-year housing boom is losing steam.

Property investors, who have stoked soaring home prices in Australia, are being squeezed as regulators impose restrictions to rein in lending. The nation's biggest banks have this year raised...

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