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Originally Posted by Tribesman
Though in this topic Australia mainly avoided the financial meltdown that hit many countries, plus it didn't have the property bubble like those countries.
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We did have a large property bubble, but it deflated a couple of years before the GFC. Prices are starting to rise again as there is a general shortage of housing (rentals are almost non existant!)
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The difference is that Australia doesn't let everybody in.
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Sometimes it doesn't seem like it! I give thanks again and again that Australia doesn't have a land border!
