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As Australia battles the coronavirus, property investors should go west

The late Herbert Stein, an economic adviser to former US presidents Richard Nixon and Gerald Ford, famously remarked that “if something cannot go on forever, it will stop”. For nearly three decades, Australia put Stein’s law to the test, enjoying the longest-running growth streak in the developed world. Yet, on September 2, the “lucky country” finally ran out of luck as the Australian Bureau of Statistics announced that output shrank 7 per cent year on year in the second quarter, plunging the…

Read the original article at South China Morning Post

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