Australian housing market holds sub-prime danger
By Glenn Milne and Nick Gardner
The Sunday Telegraph
March 22, 2009 12:01am
Australia copying US mistakes
Bankruptcy risk driven by stimulus
"First homebuyers most vulnerable"
AUSTRALIA is facing its own version of the US sub-prime housing crisis, with thousands of young homeowners risking bankruptcy as a result of Kevin Rudd's economic stimulus package.
http://www.news.com.au/business/money/story/0,28323,25223797-5013951,00.html
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