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Is the boom going to bust? “The 1988 Australian property boom saw national home values surge by a record 31.2%, making it one of the largest single-year value spikes in the country's recorded real estate history. This massive growth occurred despite aggressive economic conditions, with home loan interest rates hovering near 15% and rising.Why the 1988 Boom Happened:•The 1987 Stock Market Crash: Global stock market instability caused a massive shift in capital, with investors pulling money out of
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