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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

Residential properties line the Sydney suburb of Birchgrove, which is 5 km west of the city's central business district.


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

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