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Million ready to brave the housing bubble (Australia)

Nearly a million Australians say they will defy talk of a dangerous housing bubble and plunge into a residential property investment in the next year.

Thursday, November 06th 2003

The housing boom - already worrying economists and the Reserve Bank - is expected to be further fuelled by this explosion - largely by "streetwise" baby boomers.

A Nielsen survey, commissioned by the non-bank lender Wizard Home Loans, found more than 860,000 people intended to invest in property, nearly three times the 246,000 who had such plans in 2000.

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China Construction Bank 5.99
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