Original article by Michael Bleby
The Australian Financial Review – Page: 30 : 31-Aug-16

New home approvals have risen to their highest level in more than a year in July 2016. Figures released by the Australian Bureau of Statistics on 30 August 2016 show that total new home approvals rose 11 per cent to 20,987. It is difficult to say whether the rise in approvals is the result of strong demand or oversupply.

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AUSTRALIAN BUREAU OF STATISTICS, UBS HOLDINGS PTY LTD