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Australia property market recovery ‘yet to begin’

Posted on 10 October 2012

Seasonally adjusted building approvals for residential property in Australia increased during August, but the new home sector is yet to show signs of a sustained recovery.
This is according to the Housing Industry Association (HIA), which noted that while the headline seasonally adjusted figure for the month rose 6.4 per cent, this was offset by a 22.5 per cent increase in approvals for Australian real estate in the other dwellings category………………………………………..Full Article: Source


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