25 February 2016, Australian Financial Review (subscription required)

As debate rages over whether or not Australia is in a massive housing bubble, investors who bet on a US housing recovery following the sub-prime crisis have been handsomely rewarded.

The Dixon Advisory-managed US Masters Residential Property Fund, which has since June 2011 accumulated a US$743.1 million ($1.04 billion) portfolio of rental accommodation in the New York metro area, reported a 102 per cent rise in net profits for the 12 months to December 2015 of $64 million.

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