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The lesson from Packer's Zillow play: US real estate is not easy

2016-02-18 05:19:21| Real Estate - Topix.net

The old adage "safe as houses" is not widely used in the US, and some of Australia's top investors are finding that out the hard way. Overnight, billionaire James Packer cut his stake in US digital real estate business Zillow by half, adding to intrigue surrounding his vast financial empire.

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