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The Current Property Market Downturn Just Another Cycle or A Whole New Ball Game

The Australian commercial property market is one year into a downturn that commenced in March 2008. The previous property market downturn lasted three years, from September 1990 to December 1993. Assuming an easing of credit market conditions, the current downturn is likely to last two years, with capital values stabilising in early 2010.

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