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River Street, South Yarra.

Places Vic selling central Footscray site

Ten months after putting it to the market – Places Victoria is believed to have sold a central and permit-ready Footscray site, its second divestment in the suburb in 18 months.

The high level of housing debt means interest rate hikes are a "potent weapon," Deloitte Access Economics says.

No need to fear a housing bubble, says HSBC economist

Soaring home prices in Australia's biggest cities are driven by strong demand and a lack of supply, rather than being a sign of a "bubble," according to HSBC Holdings local chief economist Paul Bloxham.

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