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Treasury and RBA hope housing revival will help boost the economy

Posted on 22 October 2012

The mid-year budget update today will highlight the potential for recovery in the housing sector, with Treasury upgrading this year’s forecast for dwelling investment offsetting a cut in the forecast for resource projects.
Both Treasury and the Reserve Bank are highlighting the upside in the home building industry, which they believe can deliver a domestic impetus to economic growth at a time of continuing weakness internationally………………………………………..Full Article: Source


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