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30/08/2012 - 13:30

Building approvals drop despite rate cuts

30/08/2012 - 13:30

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Australia's housing sector is stuck in the doldrums, with building approvals plunging more than 17 per cent in July.Approvals were down 10.6 per cent compared to a year ago, according to Australian Bureau of Statistics (ABS) data released on Thursday.

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