The clock is ticking on Australia's housing boom

Frenzied speculation continues to drive up house prices in Sydney and Melbourne, with a bust increasingly on the cards. The timing has never mattered more for Australia's anaemic economy.

Speculation continues to drive the Sydney and Melbourne housing markets but history shows that investors can rarely shine so bright for long. What follows a boom is often a bust and this episode is unlikely to be any exception.

Investors have been at the heart of every housing boom over the past three decades but rarely more so than in the latest episode.

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