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Sydney home bubble deflates as loans revisit 2008 losing streak

Tighter credit is a key factor, and there are also fewer interest-only loans and fewer Chinese buyers these days

Published Tue, Jun 12, 2018 · 09:50 PM
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Sydney

AUSTRALIA'S east-coast property bubble is showing signs of deflating at a faster clip as home-lending data recorded the longest losing streak in almost a decade.

Housing finance fell 1.4 per cent in April, the fifth straight monthly drop and the longest stretch of declines since September 2008, whe…

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