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Led by US and Asian markets, world markets roared into the New Year, although late in the month, caution crept back into markets after one of the best starts to a year in recent history. It was the best start to a year for the broad US benchmark, the S&P 500 index, since 1987.
From its Paris headquarters, the Organisation for Economic Co-operation and Development (OECD), the peak body for Australia’s peer-group of developed nations, recently weighed in on Australian residential property saying the market could be headed for a significant collapse in house prices that could lead to an economic downturn.