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Private equity giant KKR's bet on Aussie housing market goes each way

12-Aug-2017


David Fickling, The Sydney Morning Herald

Did private equity giant KKR just go long Australian housing, betting home prices will continue to rise? Not quite.

The US firm's $676 million takeover offer for non-bank mortgage lender Pepper Group - announced last month and accepted by Pepper's board on Thursday - certainly looks like a bet that some of the world's least-affordable housing markets can keep on growing, despite eye-popping prices and rising mortgage delinquencies.

Go to The Sydney Morning Herald and read the full story.


The Sydney Morning Herald
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