How China's real estate bubble pushes up prices in Australia
One of the reasons real estate in Sydney has become so costly is that top-tier cities in Australia are cheap compared to the equivalents in China.
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Peter Hartcher
Peter Hartcher is the political editor and international editor of The Sydney Morning Herald. He is a Gold Walkley award winner, a former foreign correspondent in Tokyo and Washington, and a visiting fellow at the Lowy Institute for International Policy. His latest book is The Sweet Spot: How Australia Made its Own Luck and Could Now Throw it All Away. His 2005 book, Bubble Man: Alan Greenspan and the Missing Seven Trillion Dollars, foresaw the collapse of the US housing market and the economic slump that followed.
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