The Australian Billionaire Betting on U.S. Housing

The Australian Billionaire Betting on U.S. Housing Play

Sept. 6 (Bloomberg) -- Australian billionaire James Packer bought 9.4 percent of Zillow, becoming the second-biggest shareholder in the U.S. real-estate website, after housing starts in the country rose to a five-year high. Angie Lau has more on Bloomberg Television's "On The Move Asia." (Source: Bloomberg)

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