BlackRock Warns Aussie Housing Faces Risk of Price Declines

  • Property market `in very fragile balance,' fund manager says
  • RBA sees signs of slowdown, oversupply in some areas

Houses stand in the suburb of Edgecliff in Sydney.

Photographer: Brendon Thorne/Bloomberg

BlackRock Inc. says there’s a risk house prices in Australia will drop, hurting the part of the economy that’s been keeping the nation out of recession as mining investment slumps.

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