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In the 12 months to March, Geelong house values have increased 15.eight% to A$720,000 (US$534,240) whereas residence values have risen 12.2% for the same interval, in response to the CoreLogic Quarterly Regional Market Update. Mortgage-backed securities and bonds tied into these riskier coastal actual property mortgages will likely be liable to dropping worth. Actual estate developers and buyers as properly are prone to shedding money invested in properties that turn out to be chronically flooded.
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