200,000 jobs at risk as housing boom rolls over, Morgan Stanley research shows:
-- "Transaction volumes and price growth have slowed, but auction clearance rates have remained high — reflecting lower volumes and their bias to top-quartile [more expensive] Sydney and Melbourne property.
-- Morgan Stanley is forecasting a credit crunch resulting in a hard landing for the new apartment construction cycle.
one of four equal groups into which a set of things can be divided according to the distribution of a particular variable.
1. an emergency or crisis, especially one caused by a shortage of money or other resources;