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COPYRIGHT 2001 Asia Pulse Pty Ltd
SYDNEY, Oct 31 Asia Pulse - Interest rate cuts are expected to further stimulate Australia's housing sector despite a modest pullback in building approvals in September, economists said today.
Analysts said there was no surprise in the modest seasonally adjusted 4.3 per cent fall in residential building approvals, the first monthly drop since February.
Annual growth in building approvals eased to 58.4 per cent in September, from its heady peak of...
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