Investors May See Upside Down Under
Scharar concedes that the housing market, particularly in Australia, could be a weakness.
"The market could certainly be deemed to be overpriced in terms of the relative valuation of housing," he says. "While I don't disagree that there is going to be some softness, I don't think it is going to drag everything else down. It won't be as painful as it was in the U.S."
Australia's still-evolving election outcome may prove beneficial for investors, Scharar says.
"The winner with the Australian Labor Party,
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