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Vic housing to fall as car making ends


developments.jpgThe demise of car manufacturing in Victoria is set to do to Melbourne property prices what the end of the mining boom did to Perth's housing market, research shows.

The "untimely collision" of thousands of job losses and an oversupply of dwellings will be behind Melbourne's downturn from 2017, according to a forecast released on Wednesday by property researchers Propertyology.

"There is a stark resemblance between Melbourne's current fundamentals and those of Perth's in 2014," the report says.

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