MarketWatch.com - Financial Services Industry News http://ift.tt/Vq1ohG SYDNEY--Australian house prices--which have risen sharply fueled by record-low interest rates--may face a downward correction if the recent pace of growth continues, Moody's Investors Service said. In a review of the resource-rich economy, the credit-rating firm said that with house prices climbing at the fastest pace in almost four years in the first quarter, there was a growing risk the real-estate market may be overheating.
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