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Brighter outlook for Australia’s housing market

Posted on 17 January 2012

The number of home loans approved in November has beaten market expectations and the prospects for 2012 look good, economists say. The Australian Bureau of Statistics (ABS) said today the number of mortgages approved in November rose 1.4 per cent to 46,953.
Macquarie senior economist Brian Redican said the data was encouraging. “Definitely, we are seeing a step in the right direction,” he said………………………………………..Full Article: Source


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