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Building Approval Falls Across Australia

Australian Bureau of Statistics (ABS) reported in March that number of dwelling approvals fell by 2.1 percent in January 2017. It also reported a downward trend in dwelling units approved over the period from January 2016 to January 2017 with 15.5 percent overall fall over the year 2016. The downward trend shows no signs of recovery anytime soon. Not a good news for the residential sector.

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