New dwelling approvals strengthened in the year to August as weaker monthly figures failed to dent the momentum of an industry buoyed by record low interest rates.
Total approvals rose to 238,204 in seasonally adjusted terms in the 12 months to August, the highest since January's 238,213, Australian Bureau of Statistics figures on Tuesday showed.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
