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I work in the financial services industry (for a wall st firm)! Already seeing big cuts in USA, Japan etc. Will hit here soon aswell.

PM - all the suburbs mentioned in the article are in the top 10 most expensive suburbs with medium prices above 1million. So its all those families that have taken large debt, and have had to service same. They may have had margin calls, no bonus payment, super reducutions etc etc. The top end...