How Australias Banks Became the Worlds Biggest Property Addicts

Pedestrians walk past a construction hoarding at Martin Place in the central business district of Sydney, Australia, on Monday, June 18, 2018. Australia is riding out a huge gamble on property. The bet: 27 years of recession-free economic growthduring which Sydney home prices surged fivefoldwould continue unabated and allow borrowers to keep servicing their debt. Photographer: Lisa Maree Williams/Bloomberg via Getty Images
Pedestrians walk past a construction hoarding at Martin Place in the central business district of Sydney, Australia, on Monday, June 18, 2018. Australia is riding out a huge gamble on property. The bet: 27 years of recession-free economic growthduring which Sydney home prices surged fivefoldwould continue unabated and allow borrowers to keep servicing their debt. Photographer: Lisa Maree Williams/Bloomberg via Getty Images
How Australias Banks Became the Worlds Biggest Property Addicts
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Bloomberg / Contributor
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985737540
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Bloomberg
Date created:
June 17, 2018
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Bloomberg
Object name:
SYDNEY PROPERTY
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